Monday, September 16, 2019
South Africa’s plan to rejig 32.4 billion rand ($2.3 billion) of spending to boost economic expansion is unlikely to significantly alter the nation’s growth trajectory, Fitch Ratings Ltd. said. Finance Minister Tito Mboweni announced measures to allocate funds to “faster-spending...
Government is set to receive about $2 million from the Common Market for Eastern and Southern Africa (Comesa) to capacitate the country’s leather and cotton value chains, Finance deputy minister Terrence Mukupe has said. “I was in Zambia and we...
As Nigeria celebrates Democracy Day on May 29, the presidency has reeled out what the Muhammadu Buhari administration has achieved in the last three years it has been in power. Mr Buhari was elected into office under the platform of...
DAKAR (Reuters) - The International Monetary Fund said it is resuming loan disbursements to Chad after the Central African oil producer reached an agreement in principal to restructure its more than $1 billion debt to Glencore (GLEN.L) and four...
South African President Cyril Ramaphosa has proposed setting up a sovereign wealth fund to help boost economic growth, and his ruling African National Congress (ANC) backs the plan, two senior party officials said on Tuesday. Ramaphosa, who replaced scandal-plagued Jacob...
This year there has been a fundamental change in the dynamics of migration from Western Africa to Europe. European governments, pressured to manage the large flow of migration from Sub-Saharan Africa, have blocked one of the primary transit routes...
The Doing Business index is a ranking index system, created by the World Bank Group, which indicates the regularity environment of businesses.  A higher ranking, which is indicated by a lower numerical value, specifies a stronger protection of property...
Nigeria will probably maintain its system of multiple exchange rates, which the International Monetary Fund has long-urged it to scrap, until at least early 2020, according to Moody’s Investors Service. Merging the naira’s various rates any sooner might force the government...
The African Continental Free Trade Area's (AfCFTA) potential as a tool for driving industrialisation, economic diversification and development was highlighted at the start of the UN Economic Commission for Africa's (ECA) Conference of Ministers in Addis Ababa. The four-day event...
By Tope Alake and Alonso Soto August 6, 2019, 6:00 AM GMT+2 Updated on August 6, 2019, 7:50 AM GMT+2 Nigerian trade consultant Bamidele Ayemibo says it’s easier to sell his bean cake snacks to China than to neighboring Benin. Trading...
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