The U.S.-Africa Business Summit, under the theme ‘U.S.-Africa Business: Partnering for Sustainable Success’, provides a unique opportunity for government officials, business leaders, investors, policy makers and entrepreneurs to engage in discussions, explore business opportunities and…
On Monday, in Nairobi, Kenya, African heads of state met in which philosophize backhanded representatives of the World Bank. The contest lit on renderings like the International Development Association (IDA) and the African Oceania. The…
President Emmerson Mnangagwa said that Zimbabwe has had no lines of credit from international institutions for the past 20 years due to sanctions. President Mnangagwa was speaking on Monday at the Global Business Forum Africa…
Jack Ma founder of Chinese conglomerate Alibaba says if Africa wants to build a sustainable economic growth each African must have the spirit of entrepreneurship. The Chinese billionaire was speaking at the Africa Netpreneur conference…
Mr. John Mahama, Former President of Ghana, on Tuesday, appealed to the Nigeria Government to open up her border so that economic activities can resume in West Africa. Mahama made the plea while delivering the…
Online retailer Jumia Technologies, often called “the Amazon of Africa”, said it suspended its e-commerce platform activities in Cameroon on Monday because it is not suitable for the country. Its shares have tumbled from its…
The Minister of Finance speaking at the Zimpapers breakfast meeting on Friday said it would take time to reach the de-dollarisation target as very few economies had successfully de-dollarised, the Herald reports. The treasury boss…
DRC’s $10 billion draft budget for 2020 An ambitious draft budget presented to the National Assembly of the Democratic Republic of Congo. More than US$10 billion is needed for the various projects to be carried…
Reserve Bank of Zimbabwe (RBZ) governor John Mangudya said that investigations are already underway to ascertain the source of new notes that have flooded the black market. Mangudya said the banks responsible for channelling the…
The African Development Bank has disclosed plans to target projects valued at $67bn with deal makers at its flagship investment conference this week. According to AfDB President, Akinwumi Adesina, who spoke with journalists in Johannesburg,…
Nigerian firefighters were battling two fires that broke out almost simultaneously Tuesday at a busy market in central Lagos, the country’s largest city and commercial center. Balogun Market, where the fires erupted, is one of…
The Zimbabwe dollar has shown signs of stability in October, with the local currency shedding 3.1 per cent of its value against the greenback on the interbank market. As of September 30, 2019, the official…
Nigeria said on Sunday its borders would remain closed to trade until at least January 31, 2020. Nigeria launched a partial border closure in August to tackle smuggling of rice and other goods. Last month…
US President Donald Trump has indicated his intention to terminate the designation of the Republic of Cameroon (Cameroon) as a beneficiary sub-Saharan African country under the African Growth and Opportunity Act (AGOA). In a letter…
Ratings agency Moody’s followed S&P Global and Fitch in spelling bad news for Africa’s second biggest economy, South Africa, now facing a slowdown in economic growth and rising debt burden. The rating agency moved South…
The Reserve Bank of Zimbabwe (RBZ) governor John Mangudya said that the central bank will inject more liquidity on the interbank market to stabilise the exchange rate and ensure efficient forex allocation through the market.…
Ghana President, Nana Addo Dankwa Akufo-Addo on Tuesday said the closure of the land border between Nigeria and the Republic of Benin was a big blow to regional integration. Akufo-Addo who made this known at…
Tanzanian billionaire Mohammed Dewji, who was kidnapped and held for 10 days in October last year, says he was ready to die, having been disoriented by his captivity. 43-year-old Dewji, who is widely considered to…
Volkswagen is importing a batch of electric powered Golf models into Rwanda for a local ride-hailing service, establishing a bridgehead in the country that it hopes to expand to other nations as it seeks to…
The governor of the Reserve Bank of Zimbabwe, Dr JohnPanonetsa Manguta announced this Tuesday that the central bank will introduce some notes and coins in the Zimbabwe dollar currency in the next two weeks. The…
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