Economy

Apr 12, 2018
After many months of upheaval, the Democratic Republic of Congo is set for yet another year of political struggle and internal conflict. Current President Joseph Kabila remains the main cause…
Apr 10, 2018
Angola has recouped $500 million that was frozen in an HSBC Holdings Plc account in London linked to an alleged fraud involving Jose Filomeno dos Santos, the son of the…
Apr 07, 2018
Tanzania’s economy grew around 7.1 per cent last year, beating the government’s own revised forecast, Prime Minister Kassim Majaliwa said. In November, the country trimmed its gross domestic product (GDP)…
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…

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