Monday, July 22, 2019
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...
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...
NAIROBI, Jan 16 (Reuters) - Kenya has secured a $750 million syndicated loan for seven years from the Trade Development Bank (TDB) to pay off creditors in another two-year syndicated loan that was extended last year, two banking sources...
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...
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...
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...
DJIBOUTI, Republic of Djibouti Private investors fear investing in infrastructure for the continent, warned a top African economist on Monday. Carlos Lopes, former head of the UN’s Economic Commission for Africa and now a professor at the University of Cape Town,...
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...
Chinese investment in Africa could be accelerating debt on the continent and creating economies which are “entirely dependent on China”, according to financial experts. Around $86bn (£64bn) in loans were issued by China between 2000 and 2014 to finance over 3,000 infrastructure projects...
According to The Herald, Nigerian billionaire Aliko Dangote has renewed his interest in pursuing his USD 1.5bn investment in Zimbabwe and on the 9 April, dispatched an advance team comprising geologists. The team will be in Zimbabwe for 10...
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