Economy

May 19, 2017
Nigeria's record 7.44 trillion naira ($23.62 billion) 2017 budget has been received by the presidency for it to be signed into law, a government official said on Friday. Ita Enang,…
May 15, 2017
Zambia has often been ignored by the international media. One reason for this neglect is that it’s been comparatively unexceptional, on a continent with more than its fair share of…
May 13, 2017
A downgrade of the South African rand's credit rating and sagging business confidence are the biggest risks to growth this year, a Reuters poll found, and would make it difficult…
May 12, 2017
Fitch ratings agency upgraded Ghana's outlook to stable on Friday and said the government was making progress in stabilizing the economy after a period of crisis. The agency kept its…
May 12, 2017
China's trade with African countries in the first quarter climbed by nearly a fifth from a year earlier, while its direct investment in the continent soared 64 percent, the Chinese…
May 12, 2017
Namibia has secured a 10 billion Namibian dollars ($750 million)loan from the African Development Bank to finance its budget deficit and infrastructure projects, Finance Minister Calle Schlettwein said on Thursday.…
May 11, 2017
Nigeria's lower and upper parliamentary chambers passed the 2017 budget, set at 7.44 trillion naira ($24.4 billion), on Thursday, lawmakers said. Both chambers had agreed to a higher volume than…
May 10, 2017
Ivory Coast will trim its 2017 budget spending by around 50 billion CFA francs ($84 million), a government spokeswoman said on Wednesday, less than the 200 billion CFA francs ($335…
May 10, 2017
Africa’s economy is this year expected to grow by 2.6 but that will not be enough to keep up with the continent’s growing population, the International Monetary Fund said in…
May 10, 2017
Egypt's annual urban consumer-price inflation hit a three-decade high in April, adding pressure on the government to lower prices before the holy month of Ramadan begins at the end of…
May 06, 2017
VIENNA – In today’s interdependent global economy, Africa remains a weak link. If the world is to achieve the Sustainable Development Goals, thereby completing the United Nations 2030 Agenda for…
May 04, 2017
Brand South Africa welcomes South Africa’s performance in the 2017 A.T. Kearney Foreign Direct Investment (FDI) Confidence Index, as well as in the Africa Investment Index 2016 by Quantum Global’s…
May 03, 2017
South Africa's central bank is concerned about further downgrades to local currency debt and the impact on the stability of the domestic financial system, it said in a report on…
Apr 30, 2017
An International Monetary Fund (IMF) delegation will arrive in Cairo on Sunday to review Egypt's progress on economic reforms before it disburses the second instalment of a $12-billion loan programme,…

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