Economy

Jul 01, 2017
Kenya's inflation fell to 9.21 percent year-on-year in June, from 11.70 percent a month earlier, the statistics office said on Friday. The fall is partly due to a drop in…
Jun 24, 2017
Democratic Republic of Congo's chamber of mines said on Friday it expects the country to produce a record 1.05 million tonnes of copper in 2017, up 2.4 percent over last…
Jun 22, 2017
Nigeria's crude oil exports are set to exceed 2 million barrels per day (bpd) in August, the highest level planned for 17 months, as the nation's oil industry nears a…
Jun 19, 2017
Remittances from expatriate Egyptians rose by 11.1 percent between the currency float in November and the end of April, the central bank said on Sunday, with economists suggesting recent reforms…
Jun 19, 2017
The speaker of the Zambian National Assembly, Patrick Matibini, has suspended 48 opposition legislators for 30 days as a punishment for unauthorised absence from the parliament. Their offence? To have…
Jun 17, 2017
Nigeria plans to auction 140 billion naira ($460 million) in bonds on June 21, the Debt Management Office said on Friday. The debt office will sell 40 billion naira of…
Jun 15, 2017
A Eurobond that Ivory Coast launched this month raised $1.25 billion in 16-year debt and 625 million euros in 8-year paper, the prime minister said on Wednesday. Prime Minister Amadou…
Jun 12, 2017
South Africa's rand traded firmer on Monday, shrugging off a credit downgrade of both local and foreign currency ratings as investors kept faith in the high yield on offer. At…
Jun 11, 2017
Tanzania's government signed a $154 million contract on Saturday with the state-run China Harbour Engineering Company (CHEC) to expand the main port in the commercial capital, Dar es Salaam. Tanzania…
Jun 10, 2017
The International Monetary Fund (IMF) may grant Zambia up to $1.3 billion in a three-year credit facility to help plug a budget deficit of around 7 percent, the lender's mission…
Jun 09, 2017
Uganda will increase spending by 10 percent in the fiscal year starting next month to 29 trillion shillings ($8.09 billion) to support flagging economic growth, its finance minister said in…
Jun 07, 2017
Global oil traders Vitol and Gunvor are interested in buying Mozambique's struggling state-owned fuel distributor Petromac, local media reported on Wednesday. An executive at Switzerland-based Gunvor and a senior investment…
Jun 07, 2017
Kenya will offer $750 million in guarantees to Kenya Airways' existing creditors to help the heavily-indebted carrier secure financing from other sources to complete its recovery, a cabinet document showed…
Jun 07, 2017
South Africa has been rocked by news that it has slipped into a recession after its gross domestic product (GDP) declined 0.7% during the first quarter of 2017 after contracting…

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