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Economy

Feb 19, 2018
Zambia will rearrange loans from Chinese companies and instead look to borrow directly from the Asian giant’s government in a bid to satisfy International Monetary Fund conditions and unlock a…
Feb 15, 2018
South Africa’s rand was little changed in early deals on Thursday, largely holding on to gains notched up overnight after President Jacob Zuma resigned. * At 0608 GMT, the rand…
Feb 14, 2018
Annual inflation in Nigeria slowed for the 12th month in a row in January to 15.13 percent, compared with 15.37 percent in December, the National Bureau of Statistics (NBS) said…
Feb 14, 2018
Kenya’s economy is likely to grow 5.8 percent this year, recovering from drought and political uncertainty that pushed growth down to an estimated 4.8 percent in 2017, the finance ministry…
Feb 07, 2018
Seychelles inflation rose to 4.5 percent year-on-year in January from 3.48 percent a month earlier, the National Bureau of Statistics said on Wednesday. Reporting by Clement Uwiringiyimana; Editing by Raissa…
Feb 06, 2018
Gold prices rose on Tuesday as a rout in global equities prompted investors to seek shelter in safe havens such as gold, although expectations of more U.S. rate hikes this…
Feb 05, 2018
Sierra Leone’s finance minister on Friday played down a decision by the IMF to delay a disbursement because of the West African country’s failure to improve revenue collection, saying the…
Feb 05, 2018
Egypt’s natural gas production rose by 1.6 billion cubic feet (bcf) per day in 2017, reaching 5.5 bcf per day currently, Petroleum Minister Tarek El Molla said on Sunday. Production,…
Feb 01, 2018
Rising exports are expected to help Rwanda’s economy to soon expand by its long term annual average of about 8 percent, its finance minister said on Wednesday. Claver Gatete said…
Jan 27, 2018
To the west of Ethiopia near the Sudanese border lies a place called the Asosa zone. This may be the location of the oldest gold mine in the world. Dating…
Jan 25, 2018
Ivory Coast’s mining sector turnover rose by 11.5 percent in 2017, an increase achieved mainly via exports of gold, manganese and nickel, the government spokesman said on Wednesday. “The mining…
Jan 24, 2018
Zimbabwe’s full year gold production rose to 24.8 tonnes in 2017 from 22.7 tonnes the previous year, the central bank’s refining and printing subsidiary said on Wednesday. Gold is the…
Jan 23, 2018
Zimbabwe has cut its import tax on petrol and diesel by as much as 17 percent, the first time it has done so since it adopted the U.S. dollar in…
Jan 19, 2018
Nigeria has moved closer to turning an oil industry bill into law after a 17 year struggle to complete the legislation which aims to increase transparency and stimulate growth in…

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