Saturday, December 3, 2022
The risk of a reversal in the inflation drop that has characterised many of the biggest African economies in the last year, will likely mean a freeze on borrowing costs. Rate decisions across Africa in the next two weeks are...
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...
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...
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...
As part of its mandate of managing Nigeria’s public debt, which also includes borrowing the Debt Management Office today listed the FGN Diaspora Bond of $300ml and the Eurobond 2-tranche of about $3bl, totalling about $3.3bl. After the closing gong...
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...
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...
Chinese Foreign Minister Wang Yi begins his multi-nation trip to Africa with a stop in Rwanda. He told President Paul Kagame China stands ready to help the country in its development agenda. The two countries also agreed to increase political...
The International Finance Corporation (IFC), a member of the World Bank Group, is helping finance a new tramline in Antalya, Turkey's fifth-largest urban center and largest tourism resort, part of an effort to help municipal authorities improve public transport...
Ethiopia’s state-run telecoms monopoly has agreed to allow some local firms to provide internet services through its infrastructure, a move seen as spurring competition and expanding the data market, officials said. Ethio Telecom has more than 16 million subscribers of...