Economy

Dec 18, 2015
Nigeria's central bank advised commercial banks to limit how much customers can spend abroad using their debits cards, two executives said on Thursday, in the latest crackdown on dollar demand…
Dec 16, 2015
Nigeria’s crude oil production fell by 250,000 barrels per day (bpd) in November, making the country lose its status as Africa’s top oil producer to Angola, latest data from the…
Dec 15, 2015
Less than a day after his re-appointment as finance minister, Pravin Gordhan was already tightening the purse strings, saying the country would not spend money it doesn’t have. South Africa's…
Dec 13, 2015
The rand recovered almost 80c to the US dollar on Sunday evening following the appointment of former finance minister Pravin Gordhan in his old post. The move follows the the…
Dec 13, 2015
Zimbabwe is a country on standby, waiting for the end of an era. Many accuse 91-year-old President Robert Mugabe of having wrecked the economy, but he also commands respect –…
Dec 11, 2015
Swaziland’s growth has been recovering since the 2010‒11 fiscal crisis, albeit at a slower pace recently. Growth recovery following the fiscal crisis was broadly supported by the manufacturing and service…
Dec 10, 2015
Botswana's Finance Ministry has presented a supplementary budget to parliament, saying it needed an additional 1.34 billion pula ($123.28 million) for the 2015/16 financial year to fund measures to mitigate…
Dec 10, 2015
South Africa's rand weakened early on Thursday, edging towards the record low hit in the previous session when President Jacob Zuma removed Finance Minister Nhlanhla Nene. By 0601 GMT the…
Dec 07, 2015
Lake Chad has receded by 90 percent, from a surface area of 25,000km2 in 1963, to less than 2,500km2 a result of climate change. A water refilling project requires $14.5…
Dec 03, 2015
South Africa and China signed deals worth 94 billion rand ($6.5 billion) during talks between the two countries, President Jacob Zuma said on Wednesday, adding that relations between the two…
Nov 27, 2015
NIGERIA has been adjudged the world's 22nd largest economy with an annual growth rate of 5% during the course of 2015 according to the latest survey of the planet's wealthiest…
Nov 26, 2015
“On the brink of a boom,” was the banner on PricewaterhouseCoopers LLP’s review of Africa’s oil industry 16 months ago. Now, oil below $50 has made more than two out…
Nov 26, 2015
Cities in Africa must generate decent jobs and prioritise planning for urban expansion, Professor Paul Collier, Co-Director of the Centre for the Study of African Economies, University of Oxford, United…
Nov 24, 2015
Nigeria’s central bank is confounding analysts with unconventional economic policies that are becoming difficult to predict. While African central banks from Ghana to South Africa tighten monetary policy to protect…

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