Economy

Jul 24, 2017
South Africa needs bold structural reforms to boost the ailing economy as there is limited room for monetary and fiscal stimulus, the Organisation for Economic Cooperation and Development (OECD) Economic…
Jul 17, 2017
Annual inflation in Nigeria stood at 16.10 percent in June, compared to 16.25 percent in May, the National Bureau of Statistics said in a report. A separate food price index…
Jul 13, 2017
Zimbabwe collected $1.8 billion in taxes during the first six months of this year, exceeding its target by 8 percent, while its full-year forecast has been revised up on better…
Nov 30, -0001
Last week, the Government of Liberia received a grant of EUR 10 million (USD 11.2 million) from the European Union (EU). The EU disbursed the money directly into the treasury…
Jul 12, 2017
South Africa's consumer confidence slipped deeper into negative territory in the second quarter, highlighting households' concerns about the weak outlook for the economy, a survey showed on Wednesday. The consumer…
Nov 30, -0001
THE Reserve Bank of Zimbabwe (RBZ) claims bond notes are now being sold in Botswana, bringing to four the number of Sadc countries where bond notes are reportedly on sale.…
Jul 08, 2017
South African stock exchange operator JSE Limited, plans a cost-cutting programme, including around 60 job cuts, to produce savings of about 170 million rand ($12.71 million) a year from 2019…
Jul 03, 2017
The World Bank said on Sunday it had approved a $345 million loan for the expansion of a port in Tanzania’s commercial capital Dar es Salaam, which the East African…
Jul 01, 2017
Kenya announced mixed economic news on Friday as inflation and growth slowed ahead of August elections, relieving voters plagued by high prices but doing less to burnish the ruling party's…
Jul 01, 2017
Kenya's inflation fell to 9.21 percent year-on-year in June, from 11.70 percent a month earlier, the statistics office said on Friday. The fall is partly due to a drop in…
Jun 24, 2017
Democratic Republic of Congo's chamber of mines said on Friday it expects the country to produce a record 1.05 million tonnes of copper in 2017, up 2.4 percent over last…
Jun 22, 2017
Nigeria's crude oil exports are set to exceed 2 million barrels per day (bpd) in August, the highest level planned for 17 months, as the nation's oil industry nears a…
Jun 19, 2017
Remittances from expatriate Egyptians rose by 11.1 percent between the currency float in November and the end of April, the central bank said on Sunday, with economists suggesting recent reforms…
Jun 19, 2017
The speaker of the Zambian National Assembly, Patrick Matibini, has suspended 48 opposition legislators for 30 days as a punishment for unauthorised absence from the parliament. Their offence? To have…

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