Economy

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…
Sep 03, 2017
Kenya faces an extended period of political and economic uncertainty after the Supreme Court tossed out the results of last month’s presidential election in a stunning decision that’s unprecedented in…
Sep 03, 2017
A consortium of public health and civil society organizations hailed the Zambia government's decision to increase tobacco and alcohol taxes to promote healthy lifestyle in the Southern African country. Price…
Sep 01, 2017
Before she landed herself in hot diplomatic water by allegedly attacking a South African model with a power cord, Zimbabwe’s notoriously ill-tempered first lady, Grace Mugabe, joined the clamour for…
Sep 01, 2017
South Africa’s trade surplus slid to 8.99 billion rand ($688 million) in July from a revised 10.56 billion rand surplus in June, data from the revenue agency showed on Thursday.…
Aug 26, 2017
South Africa’s cabinet will make a final decision on how to recapitalise state airline South African Airways (SAA) by end September, Finance Minister Malusi Gigaba said on Friday. The airline…
Aug 26, 2017
The Kenyan shilling was stable against the dollar on Friday as the market awaited a Supreme Court ruling on an opposition petition against the re-election of President Uhuru Kenyatta, traders…
Aug 16, 2017
Vice President Dr Mahamudu Bawumia said the trade and industrialisation programme of Government forms part of a Free Continental Trade Agreement agenda with the objective of creating a single market…
Aug 16, 2017
A few hours after Kenya’s polling stations closed on Tuesday August 8th, the country’s Independent Electoral and Boundaries Commission began transmitting live results. But even before it had a chance…
Aug 15, 2017
Mauritius needs to tighten monetary policy and modernise its framework to respond to shocks and tackle inflationary pressures, the International Monetary Fund said. In a statement late on Monday, the…

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