WB provides Angola $650 million to stabilize its economy
The World Bank agreed to give Angola $650 million in financial support to help stabilize an economy that’s reeling from a plunge in oil prices. […]
Finance
Ghana: 15% hike in petroleum prices
One week after new 15 percent increment in transport fares across Ghana, prices of gas and petroleum products are due to go up by 15% […]
UN: “There is no way that Zimbabwe could introduce the local currency”
The United Nations says Zimbabwe is unlikely to have its own currency in the next five years, after it dumped its inflationary ravaged dollar in […]
Botswana GDP shrinks 1.30% in Q1 2015
The Gross Domestic Product (GDP) in Botswana contracted 1.30 percent in the first quarter of 2015 over the previous quarter, after expanding 3.3 percent in […]
Tourism: Tunisia expects to lose over $500 Mln after Sousse’s attack
The tourism sector of Tunisia expects to lose at least $515 million this year following last Friday’s attack on a Tunisian beach in Sousse, in […]
Angola’s central bank raises key interest rate
Angola’s central bank raised its benchmark Basic Interest Rate by 50 basis points to 9.75 percent, citing accelerating inflation but a slight deceleration in credit […]
Uganda’s inflation unchanged at 4.9 pct (State agency)
Uganda’s inflation has remained unchanged at 4.9 percent year-on-year in June, thanks to a decrease in food prices, the statistics office said on Tuesday. According […]
Congo: IMF critics Glencore Unit copper license
Gecamines, the Democratic Republic of Congo’s state-owned mining company, with a local partner sold a mining concession to Glencore Plc’s Mutanda copper and cobalt venture […]
Tanzania: Depleting water reserves to impact irrigated farming
Tanzania’s government plans to increase irrigated farming and the country’s high susceptibility to drought has resulted in low water reserves at two hydropower facilities, prompting […]
New IDA Loan to Connect 36,000 Liberians to electricity
The World Bank Board of Executive Directors approved a new $60 million International Development Association (IDA) credit for the Government of Liberia, in West Africa. […]