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Economy

Jan 11, 2018
Morocco’s economic growth will slow to 2.8 percent this year, down from 4 percent in 2017, officials forecast on Wednesday, blaming a decline in agricultural production. A woman shops in…
Jan 09, 2018
Democratic Republic of Congo, Africa’s top copper producer, collected $489.2 million in revenues from the mining sector in the first nine months of last year, up more than 9 percent…
Jan 08, 2018
South Africa’s net foreign reserves rose to $42.927 billion in December from $42.689 billion in November, the Reserve Bank said on Monday. Gross reserves also increased, to $50.722 billion from…
Jan 08, 2018
In his inaugural address the new President of Zimbabwe, Emmerson Mnangagwa, confirmed that land reform was both historically necessary and irreversible. He also made a commitment to compensate farmers who…
Jan 07, 2018
Bread prices in Sudan have doubled, the country’s Bakeries Union said on Friday, a few days after the government eliminated subsidies under its 2018 budget.  The price of one loaf…
Jan 07, 2018
Libya earned $14 billion in oil revenues in 2017, nearly three times more than in the previous year, allowing it to halve its budget deficit, the central bank said, amid…
Jan 05, 2018
South Africa’s rand weakened on Friday, giving back some of the gains booked in the previous session as technical selling by investors wary of a rising dollar put the currency…
Dec 31, 2017
Retired army chief Constantino Chiwenga, who led a de facto coup last month that ended Robert Mugabe's 37-year rule, was installed as Zimbabwe's vice president in Harare on Thursday. Chiwenga,…
Dec 29, 2017
Former soccer star George Weah has won Liberia’s presidential run-off election and will succeed incumbent Ellen Johnson Sirleaf next month, the country’s first democratic transition in over 70 years. With…
Dec 26, 2017
Liberians go to the polls Today to select either former international footballer George Weah or Vice President Joseph Boakai as their new president, in a vote that analysts say is…
Dec 24, 2017
Zimbabwean President Emmerson Mnangagwa has revealed how he walked for more 30km to cross the border between Zimbabwe and Mozambique in an apparent escape from his assassination by former President…
Dec 22, 2017
The Guptas failed to meet loan repayment obligations in recent weeks and, with the EDC assessing a “political exposure” risk, it terminated the loan which allowed Canada’s Bombardier to sell…
Dec 22, 2017
South Africa’s rand traded flat on Friday in thin pre-holiday trade with previous gains spurred by the election of Cyril Ramaphosa as the new leader of the governing African National…
Dec 19, 2017
Rumours that President Jacob Zuma has instructed the South African National Defence Force to draw up plans for implementing a state of emergency may or may not be true. Nonetheless…

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