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,…
US, Nigeria Meet On Intellectual Property, Move Against…
United States Mission in Nigeria and the American Business Council, in partnership with the Nigerian Government and members of the private sector, met in Lagos, Monday, on Intellectual Property (IP). DAILY POST reports that the…
Egypt, Ethiopia disagree as talks over Nile dam…
Talks between Egypt and Ethiopia over the latter’s dam project on the River Nile, have hit yet another deadlock, even as ministers from the two countries met with Sudan on Monday. The meeting, which was…
Cameroon: UNDP to provide financial support to three…
The United Nations Development Programme (UNDP), is awarding grants worth over 200 million CFA to three Micro Finance Institutions (MFI) to scale up their capacity to provide financial products and services adapted to the needs…
Zim Dollar Tumble A Result Of The End…
The Reserve Bank of Zimbabwe (RBZ) said the fall in the value of the Zimbabwe dollar against the US dollar and other currencies in recent weeks is as a result of the end of the…
Ezekwesili reacts as Buhari dissolves Osinbajo-led economic team
Oby Ezekwesili, former minister of education has reacted to President Muhammadu Buhari’s appointment of a new economic team. Buhari, on Monday, constituted an Economic Advisory Council (EAC), dissolving the previous led by Vice President, Yemi…
Ghana’s Energy Ministry Begins Negotiations With Oil Block…
Government of Ghana, through the Ministry of Energy, has begun negotiations with the two companies that recently won blocks GH_WB_02 and GH_WB_03 located in the Deepwater Cape Three Points in the Western Basin. First Exploration…
Belarusian Official In Zimbabwe To Follow Up On…
A Belarusian official yesterday jetted into Zimbabwe to follow up on investment deals signed between his government and the government of Zimbabwe in January this year. General Colonel Victor Sheiman who is the Belarusian Chief…
Zimbabwe’s forex inflows fall just when they are…
Zimbabwe's foreign currency inflows fell 24% for the six months to June 2019, at a time when the country is needing to pay for key imports from fertilizers and maize to electricity. According to the…
No Extension of Deadline for Old Sh1,000 Notes…
The deadline for Kenya's withdrawal of the old Sh1,000 notes will not be extended, Central Bank Governor Patrick Njoroge has said. Dr Njoroge has reiterated that come September 30, the notes will no longer have…
A South African company just created Europe’s biggest…
Naspers, the South African media company that hit the jackpot with an early investment in Tencent, on Wednesday spun out its 31% stake in the Chinese internet group by listing a new company on Amsterdam’s…
IMF sees Namibia growing in 2020 after three-year…
Namibia’s economy will return to growth in 2020 after contracting for three straight years, but a failure to implement structural reforms could keep the southwest African nation stuck in a low-growth trap, according to the…
South Africa unlikely to meet its growth forecast…
South Africa’s economic growth is unlikely to reach the treasury’s target of 1.5% in 2019 because conditions have changed and the country is facing increasing headwinds, Finance Minister Tito Mboweni said on Friday. This week…
IMF Sets Conditions For Zimbabwe To Start Receiving…
The International Monetary Fund (IMF) has said that Zimbabwe needs to clear its debt with other creditors for it to start receiving financing from the Bretton Woods institution. Zimbabwe cleared its arrears with the Fund…
Zimbabwe Establishes Monetary Policy Committee in Stability Bid
Zimbabwean Finance Minister Mthuli Ncube has established a Monetary Policy Committee in his latest attempt to stabilise an economy in freefall. The former economics professor, appointed last year to get the economy out of a…
World Bank Gives Plaudits To Somalia’s Meteoric Rise…
The World Bank has backed Somalia’s economy to grow above expectations for the next three-to-five years, if the country can sustain its current economic reform momentum. The Horn of Africa country has been in turmoil…
Zimbabwe Dollar Tumble Pushes Up Price Of Bread
The price of bread was on Tuesday morning raised from $7.00 to $9.70, a hike of about 48 per cent. The Bakers Association of Zimbabwe did not reveal the reason behind the latest round of…
Kenyatta Makes Extensive Tour of Development Projects in…
President Uhuru Kenyatta made an extensive tour of several development projects in parts of Kwale County, Saturday. Accompanied by Chief of Defence Forces Gen. Samson Mwathethe, the President visited the Shimoni fish landing site which…
Nigeria’s Robotics Engineer Adekunle Shuts Down Business In…
Nigeria-born Silas Adekunle has shut down Reach Robotics, the Bristol, United Kingdom-based consumer robotics company, that he co-founded a few years ago. He said he’s going to focus on new things. Adekunle made the announcement…
