Economy

May 10, 2017
Egypt's annual urban consumer-price inflation hit a three-decade high in April, adding pressure on the government to lower prices before the holy month of Ramadan begins at the end of…
May 06, 2017
VIENNA – In today’s interdependent global economy, Africa remains a weak link. If the world is to achieve the Sustainable Development Goals, thereby completing the United Nations 2030 Agenda for…
May 04, 2017
Brand South Africa welcomes South Africa’s performance in the 2017 A.T. Kearney Foreign Direct Investment (FDI) Confidence Index, as well as in the Africa Investment Index 2016 by Quantum Global’s…
May 03, 2017
South Africa's central bank is concerned about further downgrades to local currency debt and the impact on the stability of the domestic financial system, it said in a report on…
Apr 30, 2017
An International Monetary Fund (IMF) delegation will arrive in Cairo on Sunday to review Egypt's progress on economic reforms before it disburses the second instalment of a $12-billion loan programme,…
Apr 29, 2017
South African President Jacob Zuma has signed the anti-money laundering bill FICA, which allows increased scrutiny of the bank accounts of "prominent individuals", including himself, into law, his office said…
Apr 28, 2017
Blurb: Nigeria was once feted as Africa's leading economy. However, attacks on its oil infrastructure and a dollar liquidity crunch have pushed it into recession. But the government is determined to…
Apr 27, 2017
The value of Nigeria's latest naira exchange rate, set specifically for portfolio investors, eased for a second straight day on Wednesday even as the central bank stepped up dollar sales…
Apr 23, 2017
The Gambian government said on Saturday that it has cut excise duty on cement and flour imports. "The duty on imported flour has been reduced from 47 percent to the…
Apr 21, 2017
The regional growth in sub-Saharan Africa is projected to reach 2.6 percent in 2017 as economic growth rebounds in 2017 after registering the worst decline in more than two decades…
Apr 21, 2017
South Africa's credit rating could get downgraded deeper into junk status if political uncertainty triggered by the recent firing of the finance minister stalls reforms needed to grow the economy,…
Apr 20, 2017
South Africa's Deputy President Cyril Ramaphosa tells BBC dinner this has to happen and it is going to happen whether people like it or not. The transformation of South Africa's economy…
Apr 19, 2017
A private banking consultant, Nilla Selormey, has reiterated the need for Africa to develop a diaspora strategy that will utilise skills of returnees to harness opportunities in the continent. She…
Apr 18, 2017
Sudan's annual rate of inflation rose to 34.68 percent in March from 33.53 percent the previous month, as food and energy prices kept rising after subsidies were cut in early…

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