Monday, January 21, 2019
Disillusioned by the economic leadership of Robert Mugabe, the people of Zimbabwe are looking to their new President Emmerson Mnangagwa to bring the country back from the brink of disaster. And for business owners the need for help is critical. Al...
Sub-Saharan African nations affected by increasing public-debt levels and non-performing loans must take action to address rising vulnerability, the International Monetary Fund said. About 40 percent of low-income countries in the region are now assessed as being in debt distress...
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...
South African President Cyril Ramaphosa appointed former central bank Governor Tito Mboweni as his finance minister on Tuesday, replacing Nhlanhla Nene, who lied about his meetings with three businessmen accused of plundering state funds. Mboweni, the nation’s fifth finance chief...
To further enhance the African Local Currency Bond Fund (ALCB Fund) portfolio and promote the development of domestic capital markets across the continent, the African Development Bank (AfDB) has approved a loan of R140-million. The senior loan, with a seven-year...
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 Harare-Beitbridge road dualization project in Zimbabwe is at risk of being cancelled if contractors do not start work within the coming few weeks; amid indications that there are new senior government officials that are pushing for the collapse...
President Mokgweetsi Masisi wants to increase foreign investment and create more jobs for almost one in five people. Botswana’s new leader wants to shrink the civil service, sell state companies and cut red tape as he targets increased foreign investment. President...
2017 was a slow year for M&A deals across Africa. Instability, lack of regulatory clarity and weak economic fundamentals in the continent’s biggest markets in particular worked to limit investor confidence. Meanwhile, increasing concerns over ethical and compliance considerations...
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