African airlines passenger traffic dropped 78.6% in October as continent recorded best performance worldwide
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African airlines passenger traffic dropped 78.6% in October as continent recorded best performance worldwide

ByBrian Kithinji

African airlines’ passenger traffic fell 78.6% in October, the International Airport Transport Association (IATA) announced, despite that the continent recorded the best performance among all regions worldwide. The passenger traffic figures were an improvement from an 84.9% drop in September, as many African countries lifted lockdowns and re-opened borders to international travelers. Capacity contracted 67.5%…

Zimbabwe’s Russian-backed platinum project sells 4.4% stake
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Zimbabwe’s Russian-backed platinum project sells 4.4% stake

ByBrian Kithinji

A Russian-backed project – Great Dyke Investments – that is planning to build Zimbabwe’s biggest platinum mine has sold a 4.4% stake to Fossil Mines, as the pandemic disrupted fundraising for the venture. Fossil is owned by Zimbabwe’s Obey Chimuka and the firm will invest $30 million in the Darwendale project through a combination of…

DR Congo President Tshisekdi to form new governing majority without pro-Kabila party
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DR Congo President Tshisekdi to form new governing majority without pro-Kabila party

ByBrian Kithinji

Democratic Republic of Congo President Felix Tshisekedi will form a new governing majority as tension fosters between his ruling party and political allies of his predecessor, Joseph Kabila. The political tensions have left the country in what Tshisekedi refers to as a state of “persistent crisis.” Tsishekedi’s new move was announced in a nationwide broadcast…

South Africa announces $66 million relief program for subsistence farmers
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South Africa announces $66 million relief program for subsistence farmers

ByBrian Kithinji

South Africa’s government has announced a $66 million relief program for subsistence farmers, as it aims to revive the struggling agriculture industry hurt by COVID-19 pandemic disruptions. Agriculture, Land Reform & Rural Development Minister Thoko Didiza told reporters on Monday the program will provide successful applicants with as much as $593.1 each to help them…