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Economy

Apr 03, 2018
Ian Khama, a retired army general, stepped down as president of Botswana on Saturday, handing the diamond-rich country to his deputy after a decade at the helm. Mokgweetsi Masisi becomes…
Apr 02, 2018
Tunisia raised fuel prices on Saturday for the second time in three months in an effort to rein in its budget deficit, one of a series of reforms the country’s…
Mar 31, 2018
The economy of Mauritius is expected to grow by 3.9 percent this year, down from a previous forecast of 4.0 percent in December, due to an expected slowdown in agriculture…
Mar 29, 2018
South Africa’s new President, Cyril Ramaphosa, is presently receiving numerous plaudits on how he’s handling the transition from the troubled Jacob Zuma presidency. Zuma’s generals have been scattered, his underlings…
Mar 27, 2018
South Africa is bracing itself for the first increase in Value Added Tax (VAT) in many years. The hike is part of the government’s efforts to contain a budget deficit.…
Mar 23, 2018
Ghana scooped all 1.57 billion cedis ($356.3 million) tendered for a three-year domestic bond on Thursday and will pay a yield of 16.5 percent, joint transaction arrangers said. Initial guidance…
Mar 21, 2018
Zimbabwe’s President Emmerson Mnangagwa on Monday said nearly $600 million in illegally externalised funds has been returned into the country under a 90-day amnesty and named corporates and individuals that have yet…
Mar 16, 2018
Angola’s economic growth is expected to quicken to 2.25 percent this year from one percent in 2017, the International Monetary Fund (IMF) said on Friday. “The Angolan economy is experiencing…
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…

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