African Economy

Africa’s Biggest Supermarket Chains ‘Pick N Pay’ Founder Dies

Raymond Ackerman, the founder of Pick n Pay, one of South Africa's largest supermarket chains, has passed away at the…

September 7, 2023

NEWS: IMF Set To Approve Over $400 Million To Support Angola

The executive board of the IMF has approved a whopping sum of 487.5 million dollars that will be disbursed to…

January 13, 2021

COVID-19: World Bank Calls For Swift Coronavirus Action In Africa

The World Bank has demanded swift Coronavirus response from health agencies all over the world particularly in Africa due to…

January 6, 2021

Breaking: Extreme Covid-19 Prevention Measures in Madagascar

Over 5 months of lockdown in light of the Covid-19 pandemic and Esther has finally returned to work in Madagascar's…

September 29, 2020

Breaking: Africa set to Host Road World Championships in 2025

Africa is where the next Road World Championships will be held in 2025, as announced by the Switzerland-based world governing…

September 22, 2020

Business: COVID-19 may help revamp Africa’s economies

The coronavirus pandemic may want to convey tremendous modifications to Africa’s economies even if output shrinks by means of as…

September 16, 2020

NEWS: Tourism Hoping Namibia Reopens Border to International Flights

Borders are Open in Namibia Ready for takeoff! Aeroplane runways in Namibia, as the Southern African country reopened its borders…

September 13, 2020

Breaking: S.Africans react to economic meltdown

South Africans on the street are weighing in on the latest economic indicators showing the economy contracted by 51 per…

September 9, 2020

Zimbabweans Remember Mugabe 1 Year After His Passing

A long queue of downcast Zimbabweans stretches out in Chitungwiza, Zimbabwe as inhabitants await their turn to receive their daily…

September 5, 2020

Tunisia: PM Handover Ceremony

The handover ceremony between Tunisia’s outgoing Prime Minister, Elyes Fakhfakh and his successor, Hichem Mechichi, took vicinity on Thursday in…

September 4, 2020

Coffee-Drinking Trend in Uganda Could Boost Economy

Coffee Consumption is on the Rise in Uganda There’s a new trend brewing in Uganda amongst the younger generation that…

September 2, 2020

Business: Progress in Africa’s fight against tax evasion

African countries have made “significant” progress in reaffirming their commitments and building their capacity to achieve tax transparency. This is…

July 10, 2020

South Africa urges creditors to back rescue plan

South Africa’s public enterprises ministry on Wednesday urged creditors to back a rescue plan for cash-strapped South African Airways (SAA).…

June 24, 2020

Egypt prioritizes hygiene amid plans to welcome foreign tourists

Egyptian Minister of Tourism and Antiquities says that the country is “laying the groundwork for tourists” to find the country…

June 19, 2020

Standard and Poor’s downgrades S. Africa’s credit ratings

Standard and Poor’s on Wednesday lowered the credit rating for South Africa by one notch to “BB-” due to the…

April 30, 2020

Fitch downgrades South Africa’s credit rating to ‘junk’ status

Ratings agency Fitch downgraded South Africa’s credit rating further into “junk” territory on Friday, another blow for Africa’s most industrialised…

April 4, 2020

Ghana tweaks mobile money charges, Nigeria revises budget

The coronavirus epidemic continues to disrupt life across the world. The disruption is all but gathering steam in affected even…

March 19, 2020

Central African economic bloc discussed at Brazzaville event

These are six panels which followed one another to take stock of the economic situation of the countries of Central…

March 16, 2020

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