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 […]
Finance
Mali: Rice harvest increases 13%
Mali, West Africa’s second largest rice producer after Nigeria, has produced 2,451,321 tonnes of rice in 2015, up 13 percent from last season, government statistics […]
Sudan: Gov’t approves 2016 budget, eyes 6.4 % growth
Sudanese cabinet ministers approved the fiscal year 2015/2016 budget on Tuesday with hope to see the economy grow by 6.4 percent in 2016, up from […]
Nigeria: NGOs to launch “Stop the Bleeding” campaign
Nigeria is bleeding. But it’s not a physical wound; it’s a financial one, and it’s allowing more to leave in illicit flows – money that […]
Benin 2016 polls: Lionel Zinsou to run as ruling party’s candidate
After fuelling speculation about his possible succession to incumbent Yayi Boni, Benin’s Prime Minister Lionel Zinsou confirmed this week that he would run the 2016 […]
World Bank unveils $16 bln to combat climate change in Africa
The World Bank on Tuesday unveiled a new plan that calls for 16 billion U.S. dollars to help African countries adapt to climate change. “The […]
Nigeria: Ex-Banker Appointed Finance Minister
Five months after taking office in Africa’s largest economy and biggest oil exporter, Nigerian President Muhammadu Buhari named former investment banker, Kemi Adeosun, to take […]
Morocco: IMF revisits Morocco’s 2016 economic growth forecast
Morocco’s 2016 economic growth forecast has been slightly reduced from 3.7 to 3 per cent following a re-study of the projection by a team of […]
IMF sees Liberia’s economic growth slow to almost zero in 2015
The International Monetary Fund (IMF) said on Wednesday Liberia’s economic growth will slow to almost zero in 2015 as the country continues to recover from […]
IMF downgrades Sub-Sahara’s growth forecast to 3.75% for 2015
In its latest African Economic Outlook released on Tuesday under the title “Dealing with the Gathering Clouds,” the International Monetary Fund (IMF) said that sub-Saharan […]