South Africa’s Cape Town Set to Run out of Water in April But the Opposition is Up in Arms

By Soko Directory Team / Published February 1, 2018 | 11:12 am

South Africa’s main opposition party leader Mmusi Maimane is leading a team that will ensure water keeps running in Cape Town from April 12.

On that day, Day Zero, as it is termed, it has been predicted that taps will be dry and thus the push from the opposition leader to see that the move does not succeed as planned.

The DA’s plan to keep the taps running comes amid infighting within the Cape Town Metropolitan Council, where Mayor Patricia De Lille has been stripped of responsibility for responding to the water crisis. READ MORE.

Ailing ZISCO in Zimbabwe Set To Roll Again as New Investor Prepares to Take Over

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$ 500 million of debt is set to be taken by Zimbabwe from state-owned Zimbabwe Iron and Steel Company (ZISCO) to pave way for another investor who will be taking over the company.

Since 2008during the economic meltdown in Zimbabwe, ZISCO has not been operating and thus the move to allow another investor to revive operations. READ MORE.

Tanzania Economy Subject to Emerging Risks – IMF

Tanzania Places Five Banks Under Receivership for Breaching Capital Rules

The Executive Board of the International Monetary Fund completed the seventh and last review of Tanzania’s economic performance on January 10, 2018, indicating that recent economic performance has been mixed and the outlook is subject to emerging risks. The IMF explains that although GDP data point to continued strong growth, other high-frequency data suggest a weakening of economic activity. READ MORE

A Court In Rwanda Reduces Sentence for a Genocide Convict

The High Court in Kigali on Wednesday commuted to 25 years the life sentence that had been handed to Dr. Jean Damascène Kabilima after he was found guilty of participating in the 1994 Genocide against the Tutsi. Kabilima had appealed against a life sentence given to him by the Nyamagabe Intermediate Court last summer. READ MORE.

About Soko Directory Team

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system.Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

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