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Economy

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…
May 12, 2016
Nigerian President Muhammadu Buhari said he did not want an apology from Prime Minister David Cameron for calling his country ‘fantastically corrupt’, but said Britain could return assets stolen by…
May 11, 2016
The Select Committee on Appropriations noted with appreciation the recent decision by Moody's Investors Service (or Moody's) to keep South Africa's credit ratings unchanged. For this reason, the Committee joins…
Apr 30, 2016
Swaziland has announced a new strategy which it hopes will attract more foreign investors to the country by reducing company taxes by 15 percent. This will be carried out over…
Apr 29, 2016
George Weah, Liberia’s former World Footballer of the Year has announced his intention to run for president in his country’s 2017 elections. Former World Footballer of the Year George Weah…

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