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Economy

Nov 24, 2015
Nigeria’s central bank is confounding analysts with unconventional economic policies that are becoming difficult to predict. While African central banks from Ghana to South Africa tighten monetary policy to protect…
Nov 22, 2015
Nigeria’s central bank told commercial lenders at a meeting last week that it plans to cut dollar supplies to the market because reserves are running short, according to a person…
Nov 19, 2015
Despite the lower cost of Wi-Fi compared to mobile network connectivity, there is still low adoption of the technology in emerging markets. Despite the lower cost of Wi-Fi compared to…
Nov 17, 2015
BMW Group have plans to invest R6 billion(USD418 Million) into its Rosslyn plant in Pretoria to initiate the production of the new X3 for local and international distribution. The X3…
Nov 11, 2015
Total Investment in Nigeria’s oil and gas industry, which stood at $20billion in 2014 has dropped by 20 percent this year, President of Chevron Africa and Latin America exploration and…
Nov 10, 2015
The rand hit new record lows yesterday as the prospects of a US rate hike hardened, a development that helped push stocks higher as money flowed into rand hedges such…
Nov 08, 2015
After more than three decades of President Robert Mugabe’s iron-fisted rule, Zimbabweans now look forward to a better future without the 91-year-old strongman. Mugabe’s rule since the country gained independence…
Nov 02, 2015
South Africa has suffered in the past few months the worst drought since 1960s, Minister of Water Affairs and Sanitation Nomvula Mokonyane says. The government on Monday announced the allocation…
Nov 01, 2015
Zimbabwe -- With the rains not having fallen as they normally do, water levels have dropped in a dam that supplies electricity to Zambia and Zimbabwe, causing power blackouts, business…
Oct 30, 2015
To strengthen ties with African countries and counter the growing influence of China in that region, Prime Minister Narendra Modi on Thursday announced a concessional credit grant of $10 billion…
Oct 29, 2015
This was said Thursday in New Delhi by Angolan vice president, Manuel Domingos Vicente. Manuel Vicente, who is representing the Angolan president in the 3rd India/Angola Forum Summit, said in…
Jun 08, 2015
African governments, investors, and international financial institutions must significantly scale up investment in energy to unlock Africa’s potential as a global low-carbon superpower. That is the main message of a…
Jun 01, 2015
Botswana is among African countries that have performed satisfactorily in some of the goals specified in the Millennium Development Goals – or MDGs as they are commonly known. Goal 3…
May 20, 2015
The National Railways of Zimbabwe (NRZ) struggling with debts amounting to nearly $300 million is banking on a $653 million loan from the Development Bank of South Africa (DBSA) to…

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