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Economy

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…
Jan 12, 2016
It took just 15 minutes on Monday morning for South Africa’s rand to plummet 9 percent in what traders said may be a prelude of the new normal in the…
Jan 11, 2016
Abdoulaye Bio Tchane, a banker and leader of Alliance of Triumphant Benin (ABT), on Thursday officially announced his candidature for Benin's forthcoming presidential elections. The Republic of Benin is a…
Jan 06, 2016
Africa's biggest economy Nigeria, battling a revenue shortfall caused by the global oil shock, does not need assistance from the International Monetary Fund, the group's head said on Tuesday. International…
Jan 05, 2016
South Africa remains confident that outstanding issues regarding the Agoa agreement will be resolved. AGOA: U.S.- Africa Trade and Investment Partnership But it’s still unclear if the government will comply…
Dec 28, 2015
The rift in President Robert Mugabe's Cabinet over the indigenisation policy escalated yesterday after Higher Education minister Jonathan Moyo leapt into the defence of Indigenisation minister Patrick Zhuwao following a…
Dec 27, 2015
The Central African Republic’s interim government has postponed its planned elections for three days citing administrative delays. The national parliamentary and presidential elections, originally planned for December 27, are now…
Dec 24, 2015
Botswana's economy shrank 3.7 percent in July-September compared with the previous three months as diamond and copper production plunged, its second quarterly contraction in a row and marking a technical…
Dec 23, 2015
President Muhammadu Buhari has been unveiling Nigeria's budget for 2016 as it grapples with falling oil revenue and a chronic Islamist insurgency. Buhari is aiming for growth of just above…
Dec 18, 2015
HARARE – 2015 could be aptly described as the year of the lion in Zimbabwe. After all, a lion that not many locals knew even existed but had a huge…
Dec 18, 2015
Nigeria's central bank advised commercial banks to limit how much customers can spend abroad using their debits cards, two executives said on Thursday, in the latest crackdown on dollar demand…
Dec 16, 2015
Nigeria’s crude oil production fell by 250,000 barrels per day (bpd) in November, making the country lose its status as Africa’s top oil producer to Angola, latest data from the…

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