South Africa’s April inflation falls to 5.3 percent
Consumer Price Inflation (CPI) decelerated from 6.1 percent, year-on-year in March to 5.3 percent in April, Statistics South Africa announced on Wednesday. The South African […]
Finance
Africa’s economy to grow by 3.4 % in 2017 – Report
Africa’s economy will grow by 3.4 percent in 2017, and 4.3 percent in 2018. The modest recovery from the worst performance in more than two […]
Cape Verde boosts economic ties with China
Chinese Foreign Minister Wang Yi this weekend announced major development projects in Cape Verde as the two nations are looking to further deepen bilateral ties. […]
Chinese firm to build 120-MW wind farm in Ethiopia
China’s Dongfang Electric Corporation will build a 120-megawatt (MW) wind farm in Ethiopia’s Somali regional state, Chinese state-run news agency reported on Thursday. According to […]
Botswana: World Bank backs $ 145.5 mln water projects
The World Bank has approved $145.5 million loan to Botswana for water projects in the southern African nation, Kenneth Matambo, Minister of Finance, said. According […]
Angola’s inflation slows to 34.8 percent
Angola’s inflation slowed to 34.8 percent year-on-year in April, data from the national statistics agency’s website show on Wednesday. According to the Agency, price in […]
Nigeria to fund budget deficit with foreign loans, Eurobonds
Nigeria will raise $3.5 billion in foreign loans including from international lenders and debt markets to fund the West African nation’s 2017 budget deficit, Reuters […]
Gambia gets $500 mln from Afreximbank
The African Export Import Bank (Afreximbank) on Tuesday announced the disbursement of $500 million to revamp the impoverished Gambian economy. This financial support will allow […]
AfDB releases $750 million loan to support Namibia
African Development Bank on Friday released $750 million loan to finance budget deficit and infrastructure projects in Namibia, Finance Minister Calle Schlettwein said. According to […]
IMF team to visit DR Congo as economic crisis deepens
International Monetary Fund Managing Director, Christine Lagarde on Thursday proposed a visit of IMF officials in Democratic Republic of Congo to check the state of […]