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Tanzania will pay 6 billion shillings ($2.71 million) to bail out the Tanzania-Zambia Railway Authority (TAZARA), a railway firm that connects Africa’s two biggest copper producers to Tanzania’s Indian Ocean port, a company spokesman said. The loss-making railway line is a key route for copper exports through the Tanzanian port …

Zambia’s president has said he will not allow Glencore’s Mopani unit to lay off workers as the mining and trading company deepens cuts in copper output to support flagging prices. “I am here because of the problems in the mines. I am going to meet Mopani management from here. I …

The Bank of Zambia raised its benchmark lending rate by a record 3 percentage points to rein in inflation after the currency of Africa’s second-biggest copper producer lost almost half its value this year. The central bank increased the policy rate to 15.5 percent from 12.5 percent, Governor Denny Kalyalya …

Terex Trucks, which was fully acquired by Volvo Construction Equipment, Sweden in June 2014, has appointed Babcock International as the official distributor of its rigid and articulated haulers in southern Africa, effective as of 1st October 2015.  In addition to supplying new machines, Babcock will also provide parts and other …

Zambia and Zimbabwe drew more water than they should have from the Kariba dam to generate electricity, draining the reservoir to 29% of its capacity in September, compared with 70% capacity last year, an engineering body said on Thursday.The Zambezi River Authority (ZRA) ordered utilities in the two countries to cut …