Economy

Nov 23, 2017
Zambia’s central bank governor said on Wednesday the delay in reaching a conclusion for an aid programme with the International Monetary Fund (IMF) was putting pressure on the kwacha currency.…
Nov 23, 2017
Zimbabwe’s economic growth is threatened by high government spending, an untenable foreign exchange regime and inadequate reforms, a senior International Monetary Fund (IMF) official said. Zimbabwe was once one of…
Nov 22, 2017
Nigeria's gross domestic product (GDP) rose by 1.40 percent year-on-year in real terms in the third quarter of 2017, according to official data released this week. A report, released by…
Nov 21, 2017
Whether ratings agencies will cut South Africa’s rand-denominated debt to junk status split economists in a Reuters poll, just three days before an announcement that could trigger a selloff in…
Nov 17, 2017
For decades, Robert Mugabe ruled Zimbabwe in a ruthless, even recklessmanner. Over nearly 40 years, he turned the “jewel of Africa” into an economic basket case that’s seen inflation of up to 800…
Nov 16, 2017
President Robert Mugabe is insisting he remains Zimbabwe’s only legitimate ruler and balking at mediation by a Catholic priest to allow the 93-year-old former guerrilla a graceful exit after a…
Nov 16, 2017
Nobody is safe from the rages of Zimbabwe’s First Lady, “Dr. Amai” Grace Mugabe. There was the young South African model Grace lashed with extension cords. 93-year-old President Robert Mugabe’s…
Nov 15, 2017
The armed forces seized power in Zimbabwe after a week of confrontation with President Robert Mugabe’s government and said the action was needed to stave off violent conflict in the…
Nov 13, 2017
The federal government has disagreed with Moody's downgrading of Nigeria to a B1 stable rating to a B2 stable rating. The latest B2 rating is equivalent to Nigeria's existing B/Stable Outlook…
Nov 11, 2017
The Republic of Benin (Benin) has become the 17th Member State of Africa Finance Corporation (AFC), Africa’s premier infrastructure development finance institution. Hon. Romuald Wadagni, Minister of Economy & Finance,…
Nov 10, 2017
South Africa’s economy faces major challenges and government needs to win back the confidence of businesses and investors by tackling policy uncertainty and corruption, central bank governor Lesetja Kganyago said…
Nov 09, 2017
The Millennium Challenge Corporation, the U.S. government’s main development fund, said it had signed a $524.7 million investment compact with Ivory Coast to build schools and improve roads around the…
Nov 06, 2017
Zimbabwean President Robert Mugabe dismissed Emmerson Mnangagwa as his deputy, a day after first lady Grace Mugabe accused him of planning a coup and said she’s prepared to succeed her…
Nov 06, 2017
As the most robust economy in Central Africa, Cameroon, has in the past decade taken steps to further boost growth, making major advances in providing health, education, and clean water,…

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