Many African countries have been able to retain the value of their currencies in the face of multiple economic challenges including inflation, political changes, and the dynamics of foreign markets. Strong currencies reflect fiscal policy,…
RBZ To Introduce New Zimbabwe Dollar Notes &…
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…
“African countries not being led into debt trap”…
President Cyril Ramaphosa on Monday refuted allegations that a number of countries in Africa are being led into a debt trap as they take up loans to fund a number of projects. Ramaphosa said in…
Business: Gucci’s astronomical sales are coming back to…
After a two-year streak of astronomical sales growth, Gucci’s latest figures show it growing at a more earthly rate. The luxury Italian brand grew 13.3% in the most recent quarter, compared to 34.9% in the…
Zimbabwe threatens disconnections to recover $77m power debt
Zimbabwe’s state-owned electricity distributor, grappling with drought and ageing equipment, said on Thursday it will disconnect mines, farms and other users as it looks to recover $77 million in unpaid bills. The southern African nation…
“Kenya Has More to do to Attract Investors”…
Deputy President William Ruto has said Kenya has to do more to make it a preferred gateway to Africa for investors. He said the country must adopt a radical and progressive stance in reforming the…
Nigeriens Groan as Nigeria’s Border Closure Hits Hard
Along with Benin, Niger, which shares a 1,500-kilometre (900-mile) border with Nigeria, has been badly hit by the closure of Nigeria’s border. A long line of lorries from Niger and elsewhere in West Africa is…
Uhuru’s Stadia Pledge a Cash Cow for Cartels,…
President Uhuru Kenyatta's promise that each of the 47 counties will have a state-of-the-art sports stadium remains just a promise. Documents tabled in Parliament on Tuesday painted a picture of abandoned projects with cartels taking…
Finance Minister Speaks On The 2% Transaction Tax
Finance Minister, Professor Mthuli Ncube has said that the two percent transaction tax will not be removed despite stakeholders including the Zimbabwe National Chamber of Commerce expressed concern over the tax. Ncube told Zimpapers Television…
EU: Anti-Sanctions Lobby A Waste Of Time
European Union (EU) ambassador to Zimbabwe, Timo Olkkonen, said that the SADC anti-sanctions lobby is not convincing as the economic restrictions have a limited effect on the country's economy. Olkkonen told Alpha Media Holdings’ HStv…
Nigeria: Buhari Govt Gets Fresh $3bn World Bank…
Minister of Finance, Mrs Zainab Ahmed, says the Federal Government has secured a $3bn loan from the World Bank. According to the Finance Minister, the loan is to be used for reforming the nation's power…
Zimbabwe Industrial Output Expected To Take A Knock…
Zimbabwean companies especially those that do not export are expected to take a knock this year due to some or all of the following according to the Sunday Mail: Decline in demand of products Foreign…
Ghana Trade Union Votes To Ban Made-In-Nigeria Products…
The Ghana Union of Traders Association (GUTA) is calling for a total boycott of all Nigerian products imported to Ghana. The move, the traders union believes, will force the Nigerian government to open up its…
Cyber Fraud: Ghanaians Lose $200M In 3 Years
Despite the consistent caution and education on cyber fraud, many people are still falling prey to the activities of criminals through the Internet, resulting in the loss of millions of US dollars to businesses and…
Ethiopia says Egypt trying to maintain “colonial era”…
Ethiopia has accused Egypt of trying to maintain its grip over the waters of the Nile with a proposal it says would imperil a giant hydropower dam under construction on Ethiopia’s Blue Nile, in a…
Foreign currency shortages bite in Burundi
Authorities in Burundi on Thursday said more than 40 people have been arrested since the penalties for black market trading were increased last month. The central African country has been short of foreign currency since…
Border closure: Ghana traders’ union calls for boycott…
As Nigeria’s land border closure bites West African countries, the Ghana Union of Traders Association (GUTA) has called for a total boycott of all Nigerian products imported by Ghana. The move, the traders union believes,…
Nigeria: CDD Evaluates Buhari’s Economic Policies, Advises Govt
The Centre for Democracy and Development, CDD, has pointed out how President Muhammadu Buhari-led Federal Government can improve on its economic policies. CDD stated that Buhari government needs to increase capital investments and reforms in…
Buhari At #NES25: Only ‘Made In Nigeria Solutions’…
President Muhammadu Buhari Monday in Abuja declared open the 25th Nigerian Economic Summit (NES25) with a charge to public and private sector leaders to look inward to solve the unique challenges confronting the nation's socio-economic…
