Friday, February 15, 2019
The government on Tuesday re-affirmed its commitment to renewable energy as part of the country’s energy mix while dodging any mention of its plans for nuclear energy. Energy minister Jeff Radebe delivered a keynote address at the African Utility Week...
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...
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...
The African Development Bank is leading talks with Zimbabwe and its creditors to make plans for the nation to pay off some of its arrears so it can restore relations with lenders, said Akinwumi Adesina, the bank’s president. During almost...
INFRASTRUCTURE Development Bank of Zimbabwe (IDBZ) chief economist Khutula Sibanda says Zimbabwe needs around $5 billion annually for trade and finance in the retooling of the industrial sector and infrastructure development. BY SILAS NKALA Sibanda made the remarks yesterday during a...
Fitch Ratings has announced its decision to maintain Eskom Long-Term Local Currency Issuer Default Rating (IDR) and unguaranteed local currency senior unsecured ratings of ‘BB-‘. According to the South African parastatal, the ratings agency has simultaneously maintained the National Long-Term...
Botswana continues to rank amongst Africa's most preferred investment destinations, with a new authoritative survey placing the country fourth out of 54 states on the continent in terms of investment attractiveness. However, the ranking is a drop from the position...
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...
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...
Foreign investors piled into South African government bonds ahead of a scheduled review of the country’s debt ratings by Moody’s Investors Service on Friday. Non residents were net buyers of 4.3 billion rand ($269 million) of debt on Thursday,...
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