”Watch out. South Africa is on a slippery slope,” a Nigerian friend said to me in Lagos last week when inquiring why the economic powerhouse in the south had been subjected to power cuts. Only a fraction of Nigeria’s installed electricity capacity is working and the country has gone backwards in its power supply.
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/ 13 September 2005
After two years of declaring that anyone with "unofficial" foreign currency was an economic saboteur and an enemy of the state, the Zimbabwe government last month said it would "turn a blind eye" to people buying fuel in hard currency. The government announced that it would be a case of "no questions asked" for people taking advantage of the new arrangement.