Economy

Nov 21, 2017
Whether ratings agencies will cut South Africa’s rand-denominated debt to junk status split economists in a Reuters poll, just three days before an announcement that could trigger a selloff in…
Nov 17, 2017
For decades, Robert Mugabe ruled Zimbabwe in a ruthless, even recklessmanner. Over nearly 40 years, he turned the “jewel of Africa” into an economic basket case that’s seen inflation of up to 800…
Nov 16, 2017
President Robert Mugabe is insisting he remains Zimbabwe’s only legitimate ruler and balking at mediation by a Catholic priest to allow the 93-year-old former guerrilla a graceful exit after a…
Nov 16, 2017
Nobody is safe from the rages of Zimbabwe’s First Lady, “Dr. Amai” Grace Mugabe. There was the young South African model Grace lashed with extension cords. 93-year-old President Robert Mugabe’s…
Nov 15, 2017
The armed forces seized power in Zimbabwe after a week of confrontation with President Robert Mugabe’s government and said the action was needed to stave off violent conflict in the…
Nov 13, 2017
The federal government has disagreed with Moody's downgrading of Nigeria to a B1 stable rating to a B2 stable rating. The latest B2 rating is equivalent to Nigeria's existing B/Stable Outlook…
Nov 11, 2017
The Republic of Benin (Benin) has become the 17th Member State of Africa Finance Corporation (AFC), Africa’s premier infrastructure development finance institution. Hon. Romuald Wadagni, Minister of Economy & Finance,…
Nov 10, 2017
South Africa’s economy faces major challenges and government needs to win back the confidence of businesses and investors by tackling policy uncertainty and corruption, central bank governor Lesetja Kganyago said…
Nov 09, 2017
The Millennium Challenge Corporation, the U.S. government’s main development fund, said it had signed a $524.7 million investment compact with Ivory Coast to build schools and improve roads around the…
Nov 06, 2017
Zimbabwean President Robert Mugabe dismissed Emmerson Mnangagwa as his deputy, a day after first lady Grace Mugabe accused him of planning a coup and said she’s prepared to succeed her…
Nov 06, 2017
As the most robust economy in Central Africa, Cameroon, has in the past decade taken steps to further boost growth, making major advances in providing health, education, and clean water,…
Nov 05, 2017
Mauritius, Rwanda and Kenya are leading sub-Saharan Africa in the 2018 World Bank Doing Business report, which examines regulations and conditions necessary to enhance business climate, according to the report…
Nov 04, 2017
Liberia's Supreme Court will rule on Monday on a petition asking to delay the runoff presidential election after a complaint said the National Election Commission failed to investigate claims of…
Nov 03, 2017
There were scarcely any hints of the tumultuous years that would follow the swearing-in of Dr John Pombe Magufuli on 5th November 2015 as Tanzania’s fifth president. After all, his…

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