Zimbabwe: Over 2 000 Lose Homes to Bank

[Financial Gazette] MORE than 2000 Zimbabweans have had their houses auctioned by the Sheriff of the High Court of Zimbabwe as banks try to recover some of the over US$700 million they are owed by thousands of people who gambled with their immovable assets as to borrow money which, due to the worsening economic climate prevailing in the country, later found themselves unable to service the loans, an investigation by the Financial Gazette reveals.

Continue reading

Namibia: Country Prepares for Floods As El Nino Rapidly Transitions to La Nina

[Namibia Economist] While still in the grip of a drought, Namibia has to prepare for potential flooding towards the end of the year, when strong La Nina conditions are expected to be present in the equatorial Pacific Ocean. The latest El Nino update released earlier this week by the National Oceanic and Atmospheric Administration (NOAA) in the US Department of Commerce, shows rapidly declining sea surface temperatures in the equatorial Pacific Ocean close to the South American continent.

Continue reading

South Africa: Govt Must Open Student Funding to Public Scrutiny

[The Conversation Africa] South Africa’s government is planning a major overhaul of its student funding system. This comes in the wake of protests at the country’s universities that saw students successfully freeze fee increases for the 2016 academic year.

Continue reading