Economy

Jun 01, 2019
Zimbabwe will not borrow externally and will cut reliance on the central bank to finance deficits during an IMF staff-monitored programme in a bid to set a track record of…
May 28, 2019
Malawian President Peter Mutharika was narrowly re-elected with 38.57% of the vote ahead of opposition leader Lazarus Chakwera with 35.41%, official results from last week's election showed Monday. The vote…
May 27, 2019
Final results of Malawi’s presidential elections will be delayed, the electoral commission (MEC) said on Saturday after the high court ordered a review of the polls following opposition allegations of…
May 22, 2019
Zimbabwe hiked fuel prices by around half on Tuesday, the second sharp rise in four months, a day after the central bank effectively removed a subsidy by ending oil importers’…
May 21, 2019
Zimbabweans should brace for another hike in fuel prices as Reserve Bank of Zimbabwe (RBZ) governor, John Mangudya Monday ordered a stop in the 1:1 exchange rate window government had…
May 16, 2019
Angola’s economy is likely to emerge from recession this year, growing at 0.3% after three years of contraction, and the debt-to-GDP ratio will fall to around 70%, Moody’s Investors Service…
May 16, 2019
President Emmerson Mnangagwa has appointed Fortune Chasi as the new Energy Minister with immediate effect. Chasi replaces Jorum Gumbo with signs the latter was being demoted for reasons that could…
May 13, 2019
Zimbabwe has started rolling power cuts lasting up to eight hours that will also hit mines, a schedule from the state power utility showed on Monday, after reduced output at…
May 13, 2019
The Nigerian government has accused former President Goodluck Jonathan and his then oil minister of accepting bribes and breaking the country's laws to broker a $1.3 billion oil deal eight…
May 09, 2019
At 1pm on Thursday May 9, South Africa's Electoral Commission results were showing the African National Congress in the lead. The country voted in national and provincial elections on May…
May 08, 2019
For the first time in three years since an armed conflict broke out in the two English-speaking regions of the North West and South West, Paul Biya, President of the…
May 08, 2019
International investigators should probe the killings of more than 200 people in Ethiopia amid a territorial dispute near the Sudanese border, a regional official said. The violence occurred on Friday…
May 07, 2019
South Africa goes to the polls on Wednesday with the leaders of the three main parties vying for votes in a race that could test the ruling ANC's long-held dominance.…
May 06, 2019
Even with a decisive election victory for South Africa’s ruling party this week, the country’s President Cyril Ramaphosa could still struggle to push through the tough reforms needed to galvanize…
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