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#EgyptTurmoil Terms of new IMF loan dictate that fuel subsidies have to be scrapped, meaning costs are increasing yet again As the microbus zooms around Read more
DAKAR (Reuters) – The International Monetary Fund has approved a $312 million three-year credit programme for Chad to help boost an economy hit by low oil Read more
OHANNESBURG (Reuters) – The retail price of petrol in South Africa will decrease by more than 5 percent from July 5, while the price of wholesale Read more
USAKA (Reuters) – Zambia’s economy is expected to grow by 4.1 percent in 2017 and by close to 5 percent by 2019, the World Bank said Read more
By Karin Strohecker LONDON (Reuters) – Ghana has signed a $10 billion memorandum of understanding (MOU) with China to develop its bauxite industry, the country’s Senior Read more
BLANTYRE (Reuters) – Malawi’s First Merchant Bank will buy the local assets of micro lender Opportunity International Bank of Malawi (OIBM), subject to regulatory approvals, Read more
JOHANNESBURG (Reuters) – South Africa’s competition watchdog denied on Wednesday withdrawing charges against some of the 14 banks accused of rigging the rand currency, its Read more
JOHANNESBURG (Reuters) – Around 1,000 workers at sugar producer Illovo are set to go on strike over wages and other benefits after talks with employers Read more
JOHANNESBURG (Reuters) – The steep decline in South Africa’s business confidence is a setback to economic growth recovery and will dampen investment, ratings agency Moody’s Read more
ABIDJAN (Reuters) – A Eurobond that Ivory Coast launched this month raised $1.25 billion in 16-year debt and 625 million euros in 8-year paper, the Read more
NAIROBI (Reuters) – KCB Group, Kenya’s biggest lender by assets, has proposed to take over National Bank of Kenya through a share swap, to increase Read more
Investment firm Quantum Global has ranked Botswana the best place to invest in Africa in its latest report. It said Botswana has done well across Read more
JOHANNESBURG — South Africa’s economy – one of Africa’s biggest – is in recession. A 0.7 percent decline in GDP in the first quarter of Read more
PRETORIA (Reuters) – South Africa’s central bank kept its benchmark repo rate steady at 7 percent on Thursday, as expected, citing concerns about the inflation Read more
Pope Francis warned against religious fanaticism on Saturday, wrapping up a brief trip to Cairo where he urged Muslim leaders to unite against violence by Read more
Ghana’s finance minister says investors were optimistic in meetings with senior government officials who accompanied Vice President Mahamudu Bawumia to the World Bank spring meetings Read more
The Minister of Finance, Mrs Kemi Adeosun, says Africa loses over 50 billion dollars, yearly, to illicit financial flows through money laundering, corruption and tax Read more
The London Stock Exchange Group (LSEG) on Friday launched a report that listed 58 Nigerian companies among the fastest growing private businesses in Africa. The Read more
Yields on South Africa’s dollar-denominated sovereign debt rose across the curve on Friday after President Jacob Zuma sacked respected Finance Minister Pravin Gordhan following days Read more
Black British MP David Lammy has written a stinging critique of Red Nose Day – the biennial British fundraising event where a lot of the Read more
CAIRO – The World Bank has disbursed another $1 billion in financial assistance to Egypt out of its $3 billion loan programme with the country, the Read more
The World Bank Group President, Mr Jim Kim said the bank would be investing 57 billion dollars to accelerate growth and development In Sub-Saharan African Read more
JOHANNESBURG – Business confidence in South Africa declined in February from the prior month, weakened by lower trade volumes and retail sales, a survey showed on Read more
NAIROBI (Reuters) – A report commissioned by Kenya’s telecoms regulator recommends breaking Safaricom up into separate telecoms and financial services businesses because the firm is Read more
PRETORIA (Reuters) – South Africa’s unemployment rate in the fourth quarter of last year retreated from its highest in 13 years as key sectors hired Read more
By Lamin Jahateh BANJUL (Reuters) – The European Union pledged 75 million euros ($80 million) on Thursday to Gambia’s new government, two years after suspending Read more
JOHANNESBURG (Reuters) – South Africa’s rand firmed early on Monday as the dollar started the week on the backfoot after U.S. data showed wages there Read more
ACCRA (Reuters) – Ghana will miss 2016 targets on growth, fiscal deficit reduction and its primary balance but is committed to restoring fiscal discipline and Read more
NAIROBI Feb 3 (Reuters) – Activity in Kenya’s private sector increased modestly in January as banks curtailed new lending to firms in the wake of Read more
JOHANNESBURG Feb 3 (Reuters) – Activity in South Africa’s private sector remained in growth territory in January but dipped from December as demand for exports Read more
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