Economy

Oct 11, 2017
In the midst of a Forex currency crisis, the National Bank of Ethiopia (NBE) has devalued Birr by 15pc and raised the interest rate by two percentage points to seven…
Oct 09, 2017
October 9 marks 55 years since Uganda’s independence in 1962. The country’s economy has seen many changes during this time, affected by periods of political instability, civil war, fluctuating global…
Oct 07, 2017
South Africa’s finance minister ordered the government pension fund on Friday to investigate possible irregularities at the fund to help ally concerns that politicians are trying to “influence” it. The…
Oct 05, 2017
President Jacob Zuma said South Africa and Zimbabwe must implement their 2009 agreement aimed at cutting the massive delays characteristic with the Beitbridge border post by having a one-stop border…
Oct 01, 2017
It’s been nearly four years since Kenya won the right to host the 2018 African Nations Championship (CHAN). Yet it is now clear to the Confederation of African Football (CAF)…
Sep 29, 2017
Togo has been ruled by a father-son duo for 50 years. Gnassingbé Eyadema (b. 1935) seized power in a military coup in 1967. He remained president until his death in…
Sep 26, 2017
A ruling by the International Tribunal for the Law of the Sea will keep Tullow Oil Plc’s offshore fields under Ghana’s jurisdiction following the end of a boundary dispute with…
Sep 20, 2017
The Cedi may have relatively held its own against the US dollar for the greater part of this year, but against the Euro and Great Britain’s pound sterling, the cedi’s…
Sep 19, 2017
In January 1983 Robert Mugabe’s government launched a massive security clampdown in Matabeleland. It was led by a North Korean-trained, almost exclusively chiShona-speaking army unit known as the Fifth Brigade.…
Sep 18, 2017
South Africa’s Revenue Service (SARS) will launch legal proceedings against KPMG due to reputational damage caused by the auditor releasing details of a confidential report it produced for the tax…
Sep 14, 2017
Zimbabwe’s Constitution requires it to hold elections by July 2018. It seems unlikely that the country’s political system will be reformed in time to ensure the election is free and…
Sep 12, 2017
South Africa is in danger of missing its 1.3-percent growth target in 2017 due to poor performance of major sectors of the economy that will likely restrain tax revenues, Finance…
Sep 12, 2017
Zambia’s economy will grow 4.3 percent this year and 5.1 percent in 2018, boosted by improved agriculture and mining output and a recovery in electricity generation, the central bank said…
Sep 05, 2017
Nigeria is finally out of recession as data on the country’s Gross Domestic Product released today shows that the economy grew at 0.55 per cent in the second quarter of…

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