African News

Zimbabwe’s president, Emmerson Mnangagwa, has described the southern African country’s economy as “dead” and said more time is needed turn it around.Zimbabwe has been facing a myriad of challenges including 18-hour power outages. It is also experiencing a crippling cash crisis for both local and foreign currency, resulting in Zimbabweans having to buy cash from…

Eike Batista, formerly Brazil’s richest man, was sentenced to an additional eight years and seven months of prison time on Monday for insider trading.Batista, 62, had already been convicted for paying $16.6m to get government contracts as part of a sprawling corruption probe known as Carwash and sentenced to 30 years, which he is serving…

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