South Africa: Ford to invest $170m, Create 1,200 Jobs
The American giant Ford Motors said it is investing $170 million to expand operations in South Africa in a move that will bring more of […]
Finance
Angola Seeks IMF Help to Address Economic Challenges
Angola, Africa’s second largest crude producer, on Wednesday said it plans to start talks with the International Monetary Fund about a loan to help its […]
Mozambique Ailing Economy Gets Support from AfDB
The African Development Bank (AfDB) on Monday said it will disburse $1.7 billion to assist Mozambique, hard hit by the slump in commodity prices. The […]
S. Sudan Introduces New Currency Denomination
South Sudan Central Bank on Monday introduced new currency denominations in the monetary system, replacing the 25 pound note with 20 pound and changed the […]
Egypt: Tourism Falls by almost 50%, Italy Announces Boycott
Egypt’s Central Agency for Public Mobilization and Statistics (CAMPAS) has revealed that the number of tourists in February fell by 45.9% compared to the same […]
Libya: GNA Freezes State Finances
The Government of National Accord (GNA) backed by the UN and most western countries announced that it was freezing government funds and that accessing the […]
Egypt to Ban Rice Exports as of April 4
Egyptian minister of Industry and Foreign Trade Tarek Qabil on Friday said the North African nation will ban rice exports as of April 4 in […]
Ghana: Central Bank Governor Steps Down
By Emmanuel Vitus, Accra, Ghana After overseeing one of the most disastrous performances of the local currency, the cedi and the collapse of the hitherto […]
AfDB, Zambia Ink $125 million Concessional Loan
The Zambian government on Tuesday announced that it has reached an agreement with the African Development Bank to borrow $125 million on concessional terms for […]
Egypt: There is no Currency Crisis, Central bank Governor
Governor of the Egyptian Central Bank Tarek Amer in a pre-recorded interview aired on a local television on Saturday denied the existence of a currency […]