Zimbabwe central banker stockpiles gold to bolster ZiG currency
The ZiG - short for Zimbabwe gold — is the nation’s sixth attempt at having a functioning local currency in the last 15 years.
Djibouti contracted a Kuwaiti company to build a $98-million road link to enable landlocked Ethiopia to ship its first potash output from a new Red Sea port, officials said.
Kuwait City-based Mohammed Abdulmohsin Al-Kharafi & Sons Co. is constructing the 128-kilometer (79.5-mile) road connecting the harbor to the border, while Ethiopia plans to provide an 11-kilometer stretch on its side, according to Aboubaker Omar Hadi, the chairman of Djibouti’s ports authority. The Chinese-built Tadjourah port will serve cargo ships as well as bulk carrier vessels for potash companies in northern Ethiopia, with the road to be completed in time for the start of production next year, Hadi said by phone.
