Economy

Mar 15, 2018
The International Monetary Fund (IMF) on Wednesday approved a three-year, $157.6 million credit facility for Burkina Faso, in part to help boost security after a spate of attacks by Islamist…
Mar 14, 2018
The International Monetary Fund has approved a request by Kenya to extend by six months a stand-by agreement that was due to expire at the end of March, giving it…
Mar 12, 2018
Kenya will sell five-year and 20-year Treasury bonds worth a total 40 billion shillings ($396 million) this month, the central bank said on Monday. The bank said in a statement…
Mar 09, 2018
Botswana has paid Norilsk Nickel $45 million to settle a dispute after its state-run mining company pulled out of buying a stake in a South African mine from the Russian…
Feb 28, 2018
Zimbabwe aims to supply 10 percent of the world’s lithium and could reach 20 percent, the mines minister from Africa’s top producer of the alkali metal used in batteries for…
Feb 27, 2018
Nigeria’s economy grew 1.92 percent in the last quarter of 2017 compared with a 1.73 percent contraction in the same period of the previous year, the National Bureau of Statistics…
Feb 26, 2018
South Africa’s rand hit a fresh three-year high against a weaker dollar in early trade on Monday, amid talk that President Cyril Ramaphosa is likely to announce a new cabinet…
Feb 23, 2018
Members of the Presidential Task Force on the ECOWAS Single Currency Programme have reaffirmed their political will to meet the Bloc’s single currency programme deadline by 2020. They also reaffirmed…
Feb 23, 2018
Mozambique will present to its creditors the key elements of a debt restructuring proposal and give an update on its fiscal and macroeconomic situation at a meeting in London on…
Feb 21, 2018
Kenya’s $1.5 bln standby credit facility remains in place until the end of March 2018, but the country cannot access it because conditions have not been met, the International Monetary…
Feb 19, 2018
Zambia will rearrange loans from Chinese companies and instead look to borrow directly from the Asian giant’s government in a bid to satisfy International Monetary Fund conditions and unlock a…
Feb 15, 2018
South Africa’s rand was little changed in early deals on Thursday, largely holding on to gains notched up overnight after President Jacob Zuma resigned. * At 0608 GMT, the rand…
Feb 14, 2018
Annual inflation in Nigeria slowed for the 12th month in a row in January to 15.13 percent, compared with 15.37 percent in December, the National Bureau of Statistics (NBS) said…
Feb 14, 2018
Kenya’s economy is likely to grow 5.8 percent this year, recovering from drought and political uncertainty that pushed growth down to an estimated 4.8 percent in 2017, the finance ministry…

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