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,…
Ghana Gets $200m World Bank Support
Ghana has received $200 million from the World Bank to help transform and diversify its economy through the promotion of private investment and robust growth in its non-resource base sectors. The fund, to be administered…
Jealousy behind US-China trade ‘war’ – Ramaphosa
South African President Cyril Ramaphosa said on Friday that South Africa cannot allow its economy to be held back by the U.S.-China trade war, which he said was born out of jealousy. Speaking at the…
Biti Warns African Countries That They Face a…
Former Finance Minister and current MDC vice president Tendai Biti has warned African countries that debt owed by African countries is ballooning and come 2024, most countries will default. Biti was speaking at an OSISA-organised…
UK-Ghana Business Council Regional Forum Starts Tomorrow
The British High Commission and the Kumasi Metropolitan Assembly (KMA) under the framework of the UK- Ghana Business Council meeting will jointly host the first regional forum in Kumasi to build a shared understanding of…
Full List: Forbes Africa 30 Under 30
Here is the full list of The Forbes Africa 30 Under 30. BUSINESS - Bruce Diale, 29, South Africa, Founder & Managing Director of Brucol Global Development - Terence Mathe, 29, Zimbabwe, Co-Founder of Southern…
West African Nations Adopt Single Currency Called ‘Eco’
ECOWAS, the economic community for West african nations have adopted a single currency named eco, which it plans to launch by 2020. Eco was adopted on Saturday in Abuja in a meeting of the 15…
Zimbabwe: Introduction of Zimdollar to Sink Economy, Say…
The decision by government this week to abolish the multi-currency regime and re-introduce the Zimbabwean dollar as the sole legal tender could be catastrophic as the local currency’s value may tumble against major currencies, plunging…
AFCON 2019: Visa Issues Still A Major Challenge…
Millions of African soccer fans dream of being at the African Cup of Nations (AFCON) to support their national teams, but not everyone can afford to do so. As it turns out, even those who…
World Bank Agrees to Finance Kenyatta’s Affordable Housing…
The multilateral lender says the U.S.$250 million will enable the country to set up the Kenya Mortgage Refinance Corporation, to be owned by the state, commercial banks and financial co-operatives. President Uhuru Kenyatta has said…
Charcoal Traders Go to Uganda After Kenya Ban
Kenya's ban on logging in 2017 has seen charcoal traders flock to Uganda, which is now putting a strain on the country's dwindling forest cover. Conservationists have warned that with new markets for charcoal in…
Mnangagwa to Avail Foreign Currency to Combat Price…
Zimbabwean President Emmerson Mnangagwa has agreed to provide foreign currency to businesses and lashed out at companies that increased prices of commodities. The Zanu PF leader described the price hikes as unethical, unpatriotic and inhumane.
