Economy

Mar 31, 2019
In the early hours of Saturday, South Africa again avoided a massive blow: its government bonds were not downgraded to junk. In a surprising move, Moody’s did not release any…
Mar 29, 2019
Nigerian Government has revealed plans to borrow N1.6 trillion to finance its 2019 budget. The Director-General, Debt Management Office (DMO), Ms Patience Oniha disclosed this in Lagos on Thursday at…
Mar 25, 2019
A week after the Cyclone Idai hit, the extent of devastation is still unclear. The government disasters body said today that 90,000 people are now in 109 accommodation centres. (bit.ly/MozCyclone10)…
Mar 24, 2019
Mr Habibu Adam, an Economist, has attributed the depreciation of the cedi to the structure of the economy, allowing foreign portfolio investments into the domestic bond market and the speculative…
Mar 20, 2019
Namibia’s South West African People’s Organisation (Swapo) is an exception among the liberation movements that became governments in Africa. As Namibia celebrates its 29th Independence Day on 21 March, it…
Mar 14, 2019
Nigeria’s ruling party took a close lead in elections for powerful state governors on Tuesday, although the final results hang in the balance as seven races were declared inconclusive or…
Mar 12, 2019
The post-Mugabe regime in Zimbabwe continues to struggle to establish its legitimacy. While this is the case the terms of its future international re-engagement will continue to occupy the Zanu-PF…
Mar 11, 2019
Botswana’s former president, Ian Khama, has vowed not to rest until stability in his country is restored. Speaking to City Press on Friday night at the Intercontinental Hotel at OR…
Mar 10, 2019
Liberia’s economic growth will stall this year as high inflation overwhelms gains made in revenue collection in the West African nation, the International Monetary Fund staff said in a report…
Mar 08, 2019
The government of Zimbabwe under President Emmerson Mnangagwa has failed to bring about political and economic changes needed to improve the country’s reputation, the State Department said on Thursday. The…
Mar 06, 2019
Almost two decades of profligate monetary policy has destroyed Zimbabwe's economy and fueled rampant inflation, decimating the savings of its people twice. Hyperinflation of as much as 500 billion percent…
Mar 05, 2019
The borderlines separating Kenya and Somalia were first drawn in the late 19th century. Like everywhere else on the continent, this was the work of cartographers working for European colonial…
Feb 23, 2019
Zimbabwean and South African officials will meet next week, as preparations for the visit by South Africa's President Cyril Ramaphosa to his northern neighbours gather momentum. President Ramaphosa will visit…
Feb 22, 2019
The Advisory Power Team (APT) at the office of the Vice President of Nigeria has said the nation’s power sector lost N69.1bn between January 1 and February 19 this year…
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