Former South African President Thabo Mbeki said multinational corporations were responsible for much of the illegal flow of money out of Africa
Finance
Barrick Gold considers sale of African stake

African Barrick has performed poorly since being spun off from its Canadian parent in 2010. (Image source: africanbarrickgold.com)
Canadian mining group Barrick Gold has confirmed that it has been in discussions to sell a 74 per cent stake in African Barrick Gold to a Chinese company
Tanzania revenue body asks traders to use fiscal machines
The Tanzania Revenue Authority (TRA) has urged traders in Arusha region to use Electronic Fiscal Machines (EFC) for ensuring apt assessment of annual taxes
SADC launches infrastructure master plan
The SADC Regional Infrastructure Development Master Plan (RIDMP) has been scheduled for launch at the 32nd summit of SADC Heads of State and Government in Maputo, Mozambique, taking place from 2-18 August
Nigerian bank to aid government in boosting mining sector

Fidelity Bank wants to collaborate with the Nigerian government to explore potential opportunities within the mining sector. (Image source: Gatinskiy Ilya)
Nigerian commercial bank Fidelity Bank Plc has said it would offer funds to number of mining projects that have suffered set backs due to lack of government funding