Nigeria: Exxon Mobil Closes Doors in Lagos over Workers’ Protest
U.S. oil giant Exxon Mobil’s headquarters in Lagos has been shut down, after protesters besieged the company’s offices, protesting the sacking of 150 Nigerian workers. […]
Finance
Nigeria’s 2017 Budget Increases by 20.4% over 2016
Nigeria’s President Muhammadu Buhari on Wednesday presented a record $24 billion budget for 2017 as oil prices soared to $57.83 on Monday, December 12 leaving […]
Zimbabwe: Gov’t to Pay December Salaries in 2017
Zimbabwe’s government on Wednesday released pay dates for civil servants in the southern African nation, with a large section of workers to be paid in […]
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 […]
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 […]