Egypt seeks $1bln loan from China
Egypt’s central bank is expected to borrow one billion dollars in a concessional loan from China to help shore up its foreign reserves. The loan […]
Finance
Zambia almost ready to host AfDB’s annual meeting
Zambia is expected to host the African Development Bank (AfDB) annual meeting with the development expected to create an opportunity for the country to showcase […]
Ghana: Inflation continues to rise
Ghana’s inflation for the month of December 2015 increased to 17.7% compared with the 17.6% recorded in December 2015, the statistical body told reporters in […]
Nigeria calls OPEC Nations for emergency meeting in March
The 13 members of the Organization of Petroleum Exporting Countries “may hold an emergency meeting in the first quarter if prices remain at current levels,” […]
I am not here to negotiate loan – IMF boss to Nigerians
As part of the efforts to revive Nigeria’s economy, which is Africa’s largest; Nigerian President Muhammadu Buhari on Tuesday holds talks with the head of […]
South Africa to import 5 mln tonnes of maize in 2016
South Africa Agriculture Minister, Senzeni Zokwana on Monday said his country may start importing white and yellow maize from the United States through the AGOA […]
Zimbabwe to import 700k tons of maize after poor harvest
Zimbabwe plans to import 700 000 tons of the staple maize grain to plug a deficit after bad weather affected the crop from the current […]
IMF’s Lagarde visits Nigeria
The Managing Director of the International Monetary Fund (IMF), Ms. Christine Lagarde starts a four-day working visit to Nigeria on Monday. The international lender said […]
IMF: Djibouti’s economy to expand by 6.4 per cent in 2015
Djibouti’s economy will expand by an average 6.5 percent in 2016, the same as this year, the International Monetary Fund (IMF) said in a statement […]
Nigeria to import 75% fuel for local consumption in 2016
The Nigerian Minister of State for Petroleum, Dr. Ibe Kachikwu, on Sunday, said fuel importation will continue beyond 2016. Addressing a press conference shortly after […]