Business

Nigeria leads 6 nations opposed to change of CFA franc to Eco

Six West African countries have criticised what the changes of the regional CFA Franc currency to Eco, saying its not…

January 17, 2020

South Africa: ESKOM board chair resigns

The board chair of South Africa’s electricity company Eskom, resigned on Friday after failing to keep his promise to stop…

January 11, 2020

Ministry, Dangote Group to establish Foreign Trade Academy

The Minister of Industry, Trade and Investment, Mr Richard Adebayo said on Thursday that the ministry would partner Dangote Group…

January 9, 2020

MTN exits towers businesses in Ghana, Uganda

MTN Group has agreed to sell its towers businesses in Ghana and Uganda as Africa’s biggest mobile phone operator refocuses…

January 2, 2020

From CFA franc to Eco: evolution of a controversial currency

Changes to the CFA franc used by 14 African states, announced over the weekend by Ivorian president Alassane Ouattara and…

December 24, 2019

ADB Presidency: ECOWAS endorses Adesina for second term

The Economic Community of West African States (ECOWAS) has endorsed the candidacy of African Development Bank President Akinwumi Adesina for…

December 23, 2019

Almost 70 percent of Kenyans will fall short of their aspiration – Report

A new report released by Standard Chartered Bank now reveals that with a wealth expectancy of 63.6 million shillings($626,421) many…

December 23, 2019

West Africa monetary union to reform CFA franc, keep euro peg

The West African Economic and Monetary Union has agreed with France to a number of changes to the CFA franc…

December 22, 2019

Ethiopia gets $2.9bn IMF financing package

The Executive Board of IMF approved a three-year $2.9 billion financing package to help Ethiopia implement its homegrown economic reform…

December 21, 2019

Zimbabwe: Arcadia Lithium Project re-evaluated

The Zimbabwean Lithium Arcadia project is preparing to play in the big league. According to an updated feasibility study, the…

December 20, 2019

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