Economy

Jan 23, 2018
Zimbabwe has cut its import tax on petrol and diesel by as much as 17 percent, the first time it has done so since it adopted the U.S. dollar in…
Jan 19, 2018
Nigeria has moved closer to turning an oil industry bill into law after a 17 year struggle to complete the legislation which aims to increase transparency and stimulate growth in…
Jan 19, 2018
Nigeria has filed a claim against JP Morgan Chase for more than $875 million, accusing it of negligence in transferring funds from a disputed 2011 oilfield deal to a company…
Jan 16, 2018
Annual inflation in Nigeria slowed for the 11th month in a row in December, to 15.37 percent from 15.90 percent a month before, the head of the National Bureau of…
Jan 16, 2018
Kenya has secured a $750 million syndicated loan for seven years from the Trade Development Bank (TDB) to pay off creditors in another two-year syndicated loan that was extended last…
Jan 15, 2018
A South African market regulator said on Friday it was reviewing volatile share trading sparked by market speculation that a research group would release a negative report on a listed…
Jan 11, 2018
Morocco’s economic growth will slow to 2.8 percent this year, down from 4 percent in 2017, officials forecast on Wednesday, blaming a decline in agricultural production. A woman shops in…
Jan 09, 2018
Democratic Republic of Congo, Africa’s top copper producer, collected $489.2 million in revenues from the mining sector in the first nine months of last year, up more than 9 percent…
Jan 08, 2018
South Africa’s net foreign reserves rose to $42.927 billion in December from $42.689 billion in November, the Reserve Bank said on Monday. Gross reserves also increased, to $50.722 billion from…
Jan 08, 2018
In his inaugural address the new President of Zimbabwe, Emmerson Mnangagwa, confirmed that land reform was both historically necessary and irreversible. He also made a commitment to compensate farmers who…
Jan 07, 2018
Bread prices in Sudan have doubled, the country’s Bakeries Union said on Friday, a few days after the government eliminated subsidies under its 2018 budget.  The price of one loaf…
Jan 07, 2018
Libya earned $14 billion in oil revenues in 2017, nearly three times more than in the previous year, allowing it to halve its budget deficit, the central bank said, amid…
Jan 05, 2018
South Africa’s rand weakened on Friday, giving back some of the gains booked in the previous session as technical selling by investors wary of a rising dollar put the currency…
Dec 31, 2017
Retired army chief Constantino Chiwenga, who led a de facto coup last month that ended Robert Mugabe's 37-year rule, was installed as Zimbabwe's vice president in Harare on Thursday. Chiwenga,…

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