Deputy Bureau Chief, Southern Africa
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Jan 29, 2015

Angola’s economy set to slow as oil prices collapse

JOHANNESBURG, Jan 29 (Reuters) – Angola’s oil-dependent
economy is set to slow this year, key infrastructure projects
will be shelved and swathes of social spending are facing the
chop as a global crude price slump takes its toll on Africa’s
second-biggest producer.

Angola’s cabinet last week sent a revised 2015 budget to
parliament, cutting the assumed oil price to $40 a barrel, from
$81 previously projected, and slashing $14 billion off planned
spending, the finance ministry said.

Jan 21, 2015

Zambian ruling party takes early lead in presidential vote

LUSAKA, Jan 21 (Reuters) – Zambia’s ruling Patriotic Front
(PF) party candidate Edgar Lungu took an early lead on Wednesday
in a presidential election that ran into a second day after
heavy rains disrupted voting.

Results from 14 out of 150 constituencies showed defence and
justice minister Lungu, 58, had 103,634 votes, compared to
47,731 for his main rival, Hakainde Hichilema, 52, a wealthy
economist from the United Party for National Development (UPND).

Jan 20, 2015

Zambian lawyer and economist in tight presidential vote

LUSAKA, Jan 20 (Reuters) – Zambians flocked to the polls on
Tuesday to choose the next leader of one of Africa’s most
promising frontier markets, in what shaped up as a tight race
between a populist lawyer and a wealthy economist.

Edgar Lungu, leader of the ruling Patriotic Front (PF), is
seen having a slight edge over main rival Hakainde Hichilema, a
businessman whose United Party for National Development has
wooed the middle-class and investors.

Jan 19, 2015

Problem copper industry poses challenge for Zambia’s new leader

NDOLA, Zambia (Reuters) – Zambia’s copper industry, the spluttering motor of one of Africa’s fastest-growing economies, has been at the heart of campaigning for Tuesday’s presidential election and poses a big headache for the country’s next leader.

Hit by plummeting metal prices, accusations of corruption and a hike in taxes, mining companies say production and jobs are at risk unless the new president steps in.

Jan 16, 2015

Quiet Zambian lawyer favourite in tight presidential race

LUSAKA, Jan 16 (Reuters) – Zambian lawyer Edgar Lungu’s
rapid rise from backroom politician to presidential front-runner
in one of Africa’s most promising frontier markets has revealed
tactical nous and a steely determination that few knew lay
beneath his quiet exterior.

The ruling Patriotic Front (PF) candidate goes into the
copper producer’s Jan. 20 presidential by-election as slight
favourite over main rival Hakainde Hichilema, a businessman
whose United Party for National Development is popular with the
middle-class and investors.

Dec 18, 2014

China to loan Angola’s Sonangol $2 bln for oil projects

JOHANNESBURG, Dec 18 (Reuters) – China will lend Angola’s
Sonangol $2 billion to expand oil and gas projects, the state
energy company said, helping to cement Beijing’s influence in
Africa’s second-largest oil producer.

The Chinese funds will provide welcome relief for Angola,
which has been hit by a nearly halving of oil prices since June,
helping send its kwanza currency to an all-time low on
almost a daily basis this month.

Dec 9, 2014

South Africans fear ‘dark days’ ahead as power cuts bite

JOHANNESBURG, Dec 9 (Reuters) – Businesses have shut up
shop, generators have sold out and cars play cat-and-mouse at
darkened road junctions in South Africa, where power cuts have
suddenly become a daily reality.

Under white minority rule, South Africa subsidised
electricity heavily to attract foreign investment, although much
of the black-majority had no access to power.

Dec 8, 2014

U.S. says unaware of S.Africa teacher release talks before Yemen raid

JOHANNESBURG, Dec 8 (Reuters) – Washington did not know
about advanced negotiations to release South African teacher
Pierre Korkie before he was killed in a failed U.S.-led mission
to rescue hostages held by al Qaeda in Yemen, the U.S.
ambassador to South Africa said on Monday.

Pierre Korkie, 56, and American journalist Luke Somers, 33,
died of wounds after being shot during a special forces raid
intended to free Somers shortly after midnight on Saturday.
Washington says they were killed by their captors, members of al
Qaeda in the Arabian Peninsula (AQAP).

Nov 28, 2014

Exclusive: Obama plan to ‘Power Africa’ gets off to a dim start

JOHANNESBURG (Reuters) – Barack Obama last year told a cheering crowd in Cape Town that a $7 billion plan to “Power Africa” would double electricity output on the world’s poorest continent and bring “light where currently there is darkness”.

A year later, the U.S. president’s flagship project for Africa has already achieved 25 percent of its goal to deliver 10,000 megawatts of electricity and bring light to 20 million households and businesses, according to its annual report.

Nov 28, 2014

Obama plan to “Power Africa” gets off to a dim start

JOHANNESBURG, Nov 28 (Reuters) – Barack Obama last year told
a cheering crowd in Cape Town that a $7 billion plan to “Power
Africa” would double electricity output on the world’s poorest
continent and bring “light where currently there is darkness”.

A year later, the U.S. president’s flagship project for
Africa has already achieved 25 percent of its goal to deliver
10,000 megawatts of electricity and bring light to 20 million
households and businesses, according to its annual report.

    • About Joe

      "Joe is Reuters deputy bureau chief for southern Africa, covering ten countries in the region out of Johannesburg. Joe has previously been based in Abuja, Nigeria and London."
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