Africa briefs

NAMPA
Zambia blames opposition for anti-China attacks

Zambia's government accused the opposition on Friday of fuelling "xenophobic" attacks on Chinese nationals after a spate of violent incidents targeting the community and its businesses.

Anti-Chinese sentiment in Zambia has grown as the government increasingly hands lucrative contracts to the country while borrowing huge sums from Beijing.

Vice President Inonge Wina told parliament that "xenophobic attacks on Chinese [are] politically motivated because of the utterances that politicians make".

Her intervention follows sporadic rioting in the towns of Buchi and Kawama last week when millers took to the streets to protest after rumours that a Zambian timber company had been sold to Chinese buyers.

Last month youths looted Chinese shops in the northern mining town of Kitwe. – Nampa/AFP

Zim's unlicensed foreign currency traders face 10-year jail

Unlicensed foreign currency traders in Zimbabwe face up to 10 years in jail if convicted and loss of their money and assets when new exchange control rules are published this week, a senior government official said on Sunday.

The southern African nation, which adopted the US dollar after dumping its hyperinflation-hit currency in 2009, is gripped by a shortage of cash dollars, which has seen prices of imported goods spiral in recent weeks.

President Emmerson Mnangagwa's government, under pressure to make good on pre-election promises to mend the stricken economy, is on a drive to end parallel market trading it blames for fuelling price increases.

Ministry of Justice permanent secretary Virginia Mabhiza said Mnangagwa would use executive powers to amend the exchange control and money-laundering laws in an official notice that was gazetted yesterday.

Mabhiza said the new rules will also empower police, the National Prosecuting Authority and anti-corruption commission to compel suspects to explain their source of wealth and bank deposits. – Nampa/Reuters

Kenya signs agricultural exports deal with China

Kenya and China signed an agreement on Friday allowing the East African country to export various agricultural products to China, a senior Kenyan government official said.

Nzioka Waita, President Uhuru Kenyatta's chief of staff, said the agreement on food, plant and animal safety - known as sanitary and phytosanitary measures - had been reached between the two after a week of negotiations.

Waita said on Twitter the agreement would pave the way for Kenya to start exporting a selection of fruit and vegetables, flowers and meat to China.

China has become Kenya's biggest trading partner, accounting for 17% of the East African nation's annual trade by value or more than US$4 billion, heavily tilted in China's favour.

Fruits, vegetables and flowers are already a key foreign exchange earner for Kenya, bringing in 115.3 billion shillings (US$1.13 billion) in 2017 from 101.5 billion shillings a year earlier. At present, their major market is Europe. – Nampa/Reuters

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Namibian Sun 2024-04-18

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Premier League: Chelsea 6 vs 0 Everton LaLiga: Osasuna 0 vs 1 Valencia SerieA: Atalanta 2 vs 2 Hellas Verona | Fiorentina 1 vs 1 Genoa European Championships Qualifying: Southampton 3 vs 0 Preston North End English Championship: Southampton 3 vs 0 Preston North End Katima Mulilo: 18° | 34° Rundu: 18° | 33° Eenhana: 20° | 36° Oshakati: 22° | 35° Ruacana: 21° | 35° Tsumeb: 20° | 33° Otjiwarongo: 18° | 32° Omaruru: 20° | 34° Windhoek: 17° | 31° Gobabis: 18° | 31° Henties Bay: 16° | 24° Wind speed: 22km/h, Wind direction: S, Low tide: 06:51, High tide: 13:03, Low Tide: 18:49, High tide: 01:16 Swakopmund: 16° | 19° Wind speed: 23km/h, Wind direction: SW, Low tide: 06:49, High tide: 13:01, Low Tide: 18:47, High tide: 01:14 Walvis Bay: 17° | 26° Wind speed: 28km/h, Wind direction: SW, Low tide: 06:49, High tide: 13:00, Low Tide: 18:47, High tide: 01:13 Rehoboth: 18° | 32° Mariental: 21° | 34° Keetmanshoop: 21° | 35° Aranos: 20° | 33° Lüderitz: 15° | 28° Ariamsvlei: 21° | 35° Oranjemund: 15° | 24° Luanda: 26° | 29° Gaborone: 18° | 30° Lubumbashi: 16° | 25° Mbabane: 15° | 26° Maseru: 11° | 24° Antananarivo: 10° | 24° Lilongwe: 17° | 24° Maputo: 19° | 30° Windhoek: 17° | 31° Cape Town: 16° | 24° Durban: 19° | 26° Johannesburg: 15° | 26° Dar es Salaam: 23° | 29° Lusaka: 18° | 28° Harare: 15° | 28° Currency: GBP to NAD 23.76 | EUR to NAD 20.37 | CNY to NAD 2.64 | USD to NAD 19.14 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.33 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.02 | ZMW to NAD 0.74 | ZWL to NAD 0.04 | BRL to NAD 3.62 | RUB to NAD 0.2 | INR to NAD 0.23 | USD to DZD 134.2 | USD to AOA 832.83 | USD to BWP 13.77 | USD to EGP 48.28 | USD to KES 132.73 | USD to NGN 1147.53 | USD to ZAR 19.15 | USD to ZMW 25.5 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 73271.44 Up +0.38% | Namibian Stock Exchange (NSX) Overall Index 1531.99 Up +0.70% | Casablanca Stock Exchange (CSE) MASI 13455.65 Up +0.53% | Egyptian Exchange (EGX) 30 Index 28332.65 Down -4.5% | Botswana Stock Exchange (BSE) DCI Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 378.61/OZ UP +0.45% | Copper US$ 4.41/lb UP +2.18% | Zinc US$ 2 831.90/T UP 0.11% | Brent Crude Oil US$ 87.20/BBP DOWN -0.0058 | Platinum US$ 937.18/OZ DOWN -0.003 Sport results: Premier League: Chelsea 6 vs 0 Everton LaLiga: Osasuna 0 vs 1 Valencia SerieA: Atalanta 2 vs 2 Hellas Verona | Fiorentina 1 vs 1 Genoa European Championships Qualifying: Southampton 3 vs 0 Preston North End English Championship: Southampton 3 vs 0 Preston North End Weather: Katima Mulilo: 18° | 34° Rundu: 18° | 33° Eenhana: 20° | 36° Oshakati: 22° | 35° Ruacana: 21° | 35° Tsumeb: 20° | 33° Otjiwarongo: 18° | 32° Omaruru: 20° | 34° Windhoek: 17° | 31° Gobabis: 18° | 31° Henties Bay: 16° | 24° Wind speed: 22km/h, Wind direction: S, Low tide: 06:51, High tide: 13:03, Low Tide: 18:49, High tide: 01:16 Swakopmund: 16° | 19° Wind speed: 23km/h, Wind direction: SW, Low tide: 06:49, High tide: 13:01, Low Tide: 18:47, High tide: 01:14 Walvis Bay: 17° | 26° Wind speed: 28km/h, Wind direction: SW, Low tide: 06:49, High tide: 13:00, Low Tide: 18:47, High tide: 01:13 Rehoboth: 18° | 32° Mariental: 21° | 34° Keetmanshoop: 21° | 35° Aranos: 20° | 33° Lüderitz: 15° | 28° Ariamsvlei: 21° | 35° Oranjemund: 15° | 24° Luanda: 26° | 29° Gaborone: 18° | 30° Lubumbashi: 16° | 25° Mbabane: 15° | 26° Maseru: 11° | 24° Antananarivo: 10° | 24° Lilongwe: 17° | 24° Maputo: 19° | 30° Windhoek: 17° | 31° Cape Town: 16° | 24° Durban: 19° | 26° Johannesburg: 15° | 26° Dar es Salaam: 23° | 29° Lusaka: 18° | 28° Harare: 15° | 28° Economic Indicators: Currency: GBP to NAD 23.76 | EUR to NAD 20.37 | CNY to NAD 2.64 | USD to NAD 19.14 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.33 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.02 | ZMW to NAD 0.74 | ZWL to NAD 0.04 | BRL to NAD 3.62 | RUB to NAD 0.2 | INR to NAD 0.23 | USD to DZD 134.2 | USD to AOA 832.83 | USD to BWP 13.77 | USD to EGP 48.28 | USD to KES 132.73 | USD to NGN 1147.53 | USD to ZAR 19.15 | USD to ZMW 25.5 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 73271.44 Up +0.38% | Namibian Stock Exchange (NSX) Overall Index 1531.99 Up +0.70% | Casablanca Stock Exchange (CSE) MASI 13455.65 Up +0.53% | Egyptian Exchange (EGX) 30 Index 28332.65 Down -4.5% | Botswana Stock Exchange (BSE) DCI Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 378.61/OZ UP +0.45% | Copper US$ 4.41/lb UP +2.18% | Zinc US$ 2 831.90/T UP 0.11% | Brent Crude Oil US$ 87.20/BBP DOWN -0.0058 | Platinum US$ 937.18/OZ DOWN -0.003