Three African countries listed among world’s most powerful economies by 2050
Price Waterhouse Coopers published rankings of 32 future power economies by 2050. In the report, titled “The long view: how will the global economic order […]
Finance
Less than 1% of Naira Notes are Fake – Nigeria’s Reserve Bank
The Central Bank of Nigeria (CBN) on Tuesday said less than one percent of the west-African nation’s local currency in circulation is fake. The reserve […]
EU launches $47 billion fund for Africa
The European Union this week launched a $47 billion development fund for Africa. The African Economic Development Fund is to help accelerate African countries economic […]
South Africa: National Minimum Wage to Increase by 20% from 2018
South Africa will introduce a national minimum wage of $261 per month in 2018, Deputy President Cyril Ramaphosa said on Wednesday. The move comes after […]
Zimbabwe Offers Workers Land instead of Bonuses
Cash-strapped Zimbabwe government has offered to pay its workers with land instead of the usual annual bonuses they are paid in November and December, local […]
Tanzania Seeks $305 million WB Loan to Expand Dar es Salaam port
Tanzania’s government is seeking a $305 million soft loan from the World Bank to expand its main port in Dar es Salaam in the next […]
Tanzania Seeks Turkish Loans to Finance New Railway
Tanzanian government has requested a loan from state-owned Export Credit Bank of Turkey (Eximbank) to help finance a 400 km-long stretch of a new railway […]
Long-Time Ruler Jammeh Left Gambia, Emptied Coffers
Gambia’s longtime leader, Yahya Jammeh, has left the West African nation this weekend following tense negotiations. In a televised address on Saturday morning, Jammeh said […]
Zimbabwe Misses 2016 Revenue Target
Zimbabwe’s tax agency ZIMRA on Thursday said it missed the 2016 revenue target by 4 percent as weak global commodity prices hit mineral royalties in […]
Angola’s Inflation Soars to highest
Angola’s inflation rose to 41.95 percent year-on-year in December from 41.15 percent in November, the national statistics agency said on Thursday. Data also showed prices […]