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Economy

Jan 19, 2017
Tanzania's largest open-pit mine, Buzwagi Gold Mine, could close down its operation in December this year, a senior mine official said Wednesday. Asa Mwaipopo, manager of the mine, disclosed the…
Oct 12, 2016
Ethiopia’s prime minister has pledged to reform the country’s one-party electoral system after pressure from German Chancellor Angela Merkel. Ethiopian Prime Minister Hailemariam Desalegn (L) speaks with German Chancellor Angela…
Sep 28, 2016
Zambia will seek guidance from regional bodies before imposing retaliatory measures against a recent trade ban by neighboring Zimbabwe, the country's top trade official said Tuesday. Zimbabwe Informal Border Trader…
Sep 15, 2016
Johannesburg's new mayor has halted the construction of the South African city's ambitious cycle lanes project. The City of Johannesburg had introduced cycling lanes to encourage people to cycle and…
Sep 14, 2016
President Robert Mugabe’s government has rejected Treasury plans to reduce spending through job cuts, suspension of bonuses and scrapping a maize subsidy, it announced. President Robert Mugabe Last Thursday, Finance…
Sep 13, 2016
South African President Jacob Zuma has paid back $542,000 of public money spent refurbishing his private home, his office said Monday, in a controversy that has dominated his second term…
Sep 10, 2016
It is not in doubt that Zimbabweans, many of whom have taken to the streets in protest against President Robert Mugabe’s management of the economy, have no illusions about their…
Sep 01, 2016
From muted speculations to official confirmation, the message is the same: Nigeria is fully in economic recession. The situation has already been described as the lowest economic performance in about…
Jul 31, 2016
Caught between the highest inflation rate in more than a decade and an economy set to contract for the first time since 1991, Nigeria’s central bank may opt to do…
Jul 04, 2016
The latest Nielsen Consumer Confidence Index (CCI) results for the first quarter of 2016 show that of the four Sub-Saharan African countries measured by Nielsen; Nigeria’s consumer confidence score (120)…
Jun 01, 2016
The GIBS Dynamic Markets Index (DMI) has released a report that sees Africa’s most industrialised economy, South Africa, in a static position during the period of study, 2007 and 2014.…
Jun 01, 2016
Nigeria recorded its first quarterly trade deficit in at least seven years in the three months through March as exports of crude oil dropped, adding to the nation’s economic distress.…
May 30, 2016
Nigerian President Muhammadu Buhari said on Sunday the government had resolved to keep the naira's exchange rate steady while supporting the central bank's decision to move away from the dollar…
May 16, 2016
Annual inflation in Nigeria quickened to a near six-year high of 13.7 percent in April, in part due to rising petrol and electricity prices, the National Bureau of Statistics said…
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