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Economy

Nov 15, 2017
The armed forces seized power in Zimbabwe after a week of confrontation with President Robert Mugabe’s government and said the action was needed to stave off violent conflict in the…
Nov 13, 2017
The federal government has disagreed with Moody's downgrading of Nigeria to a B1 stable rating to a B2 stable rating. The latest B2 rating is equivalent to Nigeria's existing B/Stable Outlook…
Nov 11, 2017
The Republic of Benin (Benin) has become the 17th Member State of Africa Finance Corporation (AFC), Africa’s premier infrastructure development finance institution. Hon. Romuald Wadagni, Minister of Economy & Finance,…
Nov 10, 2017
South Africa’s economy faces major challenges and government needs to win back the confidence of businesses and investors by tackling policy uncertainty and corruption, central bank governor Lesetja Kganyago said…
Nov 09, 2017
The Millennium Challenge Corporation, the U.S. government’s main development fund, said it had signed a $524.7 million investment compact with Ivory Coast to build schools and improve roads around the…
Nov 06, 2017
Zimbabwean President Robert Mugabe dismissed Emmerson Mnangagwa as his deputy, a day after first lady Grace Mugabe accused him of planning a coup and said she’s prepared to succeed her…
Nov 06, 2017
As the most robust economy in Central Africa, Cameroon, has in the past decade taken steps to further boost growth, making major advances in providing health, education, and clean water,…
Nov 05, 2017
Mauritius, Rwanda and Kenya are leading sub-Saharan Africa in the 2018 World Bank Doing Business report, which examines regulations and conditions necessary to enhance business climate, according to the report…
Nov 04, 2017
Liberia's Supreme Court will rule on Monday on a petition asking to delay the runoff presidential election after a complaint said the National Election Commission failed to investigate claims of…
Nov 03, 2017
There were scarcely any hints of the tumultuous years that would follow the swearing-in of Dr John Pombe Magufuli on 5th November 2015 as Tanzania’s fifth president. After all, his…
Nov 03, 2017
Namibia’s economy will grow at 1.6 percent this year and by double that in 2018 as the mining sector emerges from years of contraction and the impact of recent severe…
Nov 01, 2017
Zimbabwe’s financial system increasingly resembles a house of cards. Were one card to give way – for instance, if South Africa’s power utility, Eskom, were to have the temerity to…
Oct 31, 2017
The National Elections Commission of Liberia (NEC) says the ballot papers for Tuesday’s presidential re-run election have arrived in the country. NEC said in a statement on its website that…
Oct 31, 2017
Kenyan President Uhuru Kenyatta has been re-elected for a second term after securing more than 98% of the vote in a highly-contentious rerun election that was boycotted by his main…

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