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Economy

Feb 09, 2016
Ethiopia is leaning on public spending, Chinese investment for its 8 percent-plus growth pace. Ethiopia is the new flavor of the month for Africa watchers. The East African nation led…
Feb 07, 2016
DR Congo have entered their names in CHAN history books after becoming the first team to win the tournament twice thanks to a 1-0 vicory over Mali in the CHAN…
Feb 06, 2016
Nigeria's wealthy elite would be hard pushed to find a clear road in this traffic-clogged city that would allow them to floor the pedal and get anywhere near approaching top…
Feb 05, 2016
The current drop and vagaries in global oil prices will not derail Nigeria's 2016 budget, authorities said. Although the situation has caused Nigeria's oil revenue to drop, recording a total…
Feb 04, 2016
A new study by professional services firm, PriceWaterhouseCoopers, PwC has shown that Nigeria will lose 30 per cent of its GDP to corruption by 2030. Country and Regional Senior Partner,…
Feb 02, 2016
Nigeria is holding talks with the World Bank to help it fund a forecast record $11bn (£7.7bn) budget deficit. However, Finance Minister Kemi Adeosun told Reuters it was not applying…
Feb 01, 2016
The rand gained to the strongest level in three weeks against the dollar to trim a third straight month of losses after South Africa’s central bank ramped up the magnitude…
Jan 26, 2016
The ECOWAS biometric Identity Card, which aims at facilitating mobility and promoting security in the region, will become operational this January. The identity card will help to ensure freedom of…
Jan 25, 2016
Ploughing investment into the small business sector is the only way to boost growth, says Goldman Sachs. South Africa’s economy can grow by 5% over the next five years if…
Jan 20, 2016
Fifty-five people who were government ministers, state governors, public officials, bankers and businessmen stole 1.34 trillion naira ($6.8 billion) from Nigeria's public purse over a seven-year period, the information minister…
Jan 19, 2016
 Jacob Zuma, President of the ruling African National Congress (ANC), on Monday denied speculation that he would seek a third term President of South Africa Jacob Zuma "All I've said…
Jan 16, 2016
Both government and the Bank of Ghana have clearly missed their inflation targets for 2015, latest figures released by the Ghana Statistical Service have shown. While government projected an end-year…
Jan 14, 2016
While high-level scandals have dominated the headlines recently, it is the island’s economic performance that will define this make or break year for the government. Overlooking Cyber City (aka Ebene)…
Jan 13, 2016
Zimbabwe’s trade deficit widened in November last year amid a broad decline in exports, adding to concerns that the country could be heading into recession as the manufacturing sector’s production…

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