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Economy

Dec 04, 2017
Who would have thought that this year would end with Robert Mugabe having lost the presidency of both the governing Zanu-PF and Zimbabwe? None could have foreseen such a development…
Dec 03, 2017
South African Deputy President Cyril Ramaphosa saw his lead over Nkosazana Dlamini-Zuma narrow in the race for the presidency of the ruling African National Congress as the party’s branch nomination…
Nov 30, 2017
EVEN as legislators commenced preliminary debates on fundamental of 2018 budget appropriation bill, trouble appears looming from external quarters with OPEC insisting on cutting Nigeria’s oil production to 1.8 million…
Nov 28, 2017
South Africa’s rand steadied against the dollar early on Tuesday, holding near a five-week high touched in the previous session after the country avoided a double downgrade of its local…
Nov 27, 2017
Burundi’s inflation accelerated to 17.6 percent year-on-year in October from 15.2 percent in September due to rising food costs on local markets, official figures showed on Monday. Food inflation jumped…
Nov 27, 2017
South Africa has joined only a handful of countries in the world close to imposing a sugary drinks tax. A new bill that imposes a tax on sugary drinks has…
Nov 25, 2017
New Zimbabwe President Emmerson Mnangagwa of Friday pledged to revive Zimbabwe’s moribund economy and create jobs for its unemployed masses in a speech to mark his inauguration. Mnangagwa also said the…
Nov 24, 2017
Botswana President Ian Khama says Zimbabwe has potential and capacity to recover quickly following the fall of Robert Mugabe, its autocratic ruler for 37 years seen as an impediment to…
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…

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