Economy

Feb 02, 2016
Nigeria is holding talks with the World Bank to help it fund a forecast record $11bn (£7.7bn) budget deficit. However, Finance Minister Kemi Adeosun told Reuters it was not applying…
Feb 01, 2016
The rand gained to the strongest level in three weeks against the dollar to trim a third straight month of losses after South Africa’s central bank ramped up the magnitude…
Jan 26, 2016
The ECOWAS biometric Identity Card, which aims at facilitating mobility and promoting security in the region, will become operational this January. The identity card will help to ensure freedom of…
Jan 25, 2016
Ploughing investment into the small business sector is the only way to boost growth, says Goldman Sachs. South Africa’s economy can grow by 5% over the next five years if…
Jan 20, 2016
Fifty-five people who were government ministers, state governors, public officials, bankers and businessmen stole 1.34 trillion naira ($6.8 billion) from Nigeria's public purse over a seven-year period, the information minister…
Jan 19, 2016
 Jacob Zuma, President of the ruling African National Congress (ANC), on Monday denied speculation that he would seek a third term President of South Africa Jacob Zuma "All I've said…
Jan 16, 2016
Both government and the Bank of Ghana have clearly missed their inflation targets for 2015, latest figures released by the Ghana Statistical Service have shown. While government projected an end-year…
Jan 14, 2016
While high-level scandals have dominated the headlines recently, it is the island’s economic performance that will define this make or break year for the government. Overlooking Cyber City (aka Ebene)…
Jan 13, 2016
Zimbabwe’s trade deficit widened in November last year amid a broad decline in exports, adding to concerns that the country could be heading into recession as the manufacturing sector’s production…
Jan 12, 2016
It took just 15 minutes on Monday morning for South Africa’s rand to plummet 9 percent in what traders said may be a prelude of the new normal in the…
Jan 11, 2016
Abdoulaye Bio Tchane, a banker and leader of Alliance of Triumphant Benin (ABT), on Thursday officially announced his candidature for Benin's forthcoming presidential elections. The Republic of Benin is a…
Jan 06, 2016
Africa's biggest economy Nigeria, battling a revenue shortfall caused by the global oil shock, does not need assistance from the International Monetary Fund, the group's head said on Tuesday. International…
Jan 05, 2016
South Africa remains confident that outstanding issues regarding the Agoa agreement will be resolved. AGOA: U.S.- Africa Trade and Investment Partnership But it’s still unclear if the government will comply…
Dec 28, 2015
The rift in President Robert Mugabe's Cabinet over the indigenisation policy escalated yesterday after Higher Education minister Jonathan Moyo leapt into the defence of Indigenisation minister Patrick Zhuwao following a…

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