Zimbabwe introduces new “bond notes” currency
Zimbabwe central bank on Monday launched a “bond notes” currency in a last-ditch bid to inject desperately needed cash into its failing economy. The southern […]
Finance
Rwanda raises $18.57 million Treasury bond
Rwandan government borrowed about $18.57 million from the market through a three-year Treasury bond, the central bank said late on Wednesday. The bond, which has […]
Nigeria’s GDP shrinks by 2.24 % in Q3 of 2016
Nigeria’s gross domestic product (GDP) contracted by 2.24 percent in the third quarter, the National Bureau of Statistics (NBS) said on Monday. According to the […]
Botswana Hopes to Revamp its Ailing Diamond Industry
Diamond sector key stakeholders are converging to discuss Botswana’s capital Gaborone this week to discuss the future of the industry that currently faces enormous challenges […]
Côte d’Ivoire: Teachers, Civil Servants Start Nationwide Strike
Civil servants and teachers in Côte d’Ivoire have announced a 72-hour strike from Tuesday to protest against reduction in pension from 30% to 50% in […]
CAR Economy to Grow by 5% in 2017
The economic program of war-torn Central African Republic is broadly on track despite the deterioration of the security environment in the country, said the International […]
Algeria: AfDB Approves €900 Million Loan to Enhance Industrial Competitiveness
Algiers Wednesday saw its SOS message to the African Development Bank (afDB) heeded as the continental financial institution agreed to release €900 million to support […]
Mozambique to Conduct External Audit of Debt
Mozambique Finance Minister Adriano Maleiane on Wednesday said the government of the southern African nation is committed to carrying out an independent international audit to […]
Botswana: GDP Growth Estimated at 4.4% for Next 6 Years
Botswana’s National Development Plan presented to Parliament on Wednesday indicated that the southern African nation’s economy will grow by an average of 4.4 percent annually […]
Morocco, 3rd Business-Friendly Country in Africa, Doing Business 2017 Report
The World Bank Tuesday hailed Morocco, in its 2017 Doing Business report, for the reforms conducive to investment it initiated, ranking the Kingdom third in […]