Uganda eyes 5.5% GDP in the year ending June 2018
Uganda’s economy boosted by lower borrowing costs and higher oil sector investments will grow by 5.5 percent in the year to June 2018, a budget […]
Finance
Morocco Enacts its Membership in Afreximbank
Morocco has enacted its membership in the Cairo-based African Export–Import Bank or Afreximbank by publishing in the latest official gazette the Convention establishing Afreximbank. Morocco […]
Three African countries listed among world’s most powerful economies by 2050
Price Waterhouse Coopers published rankings of 32 future power economies by 2050. In the report, titled “The long view: how will the global economic order […]
Less than 1% of Naira Notes are Fake – Nigeria’s Reserve Bank
The Central Bank of Nigeria (CBN) on Tuesday said less than one percent of the west-African nation’s local currency in circulation is fake. The reserve […]
EU launches $47 billion fund for Africa
The European Union this week launched a $47 billion development fund for Africa. The African Economic Development Fund is to help accelerate African countries economic […]
South Africa: National Minimum Wage to Increase by 20% from 2018
South Africa will introduce a national minimum wage of $261 per month in 2018, Deputy President Cyril Ramaphosa said on Wednesday. The move comes after […]
Zimbabwe Offers Workers Land instead of Bonuses
Cash-strapped Zimbabwe government has offered to pay its workers with land instead of the usual annual bonuses they are paid in November and December, local […]
Tanzania Seeks $305 million WB Loan to Expand Dar es Salaam port
Tanzania’s government is seeking a $305 million soft loan from the World Bank to expand its main port in Dar es Salaam in the next […]
Tanzania Seeks Turkish Loans to Finance New Railway
Tanzanian government has requested a loan from state-owned Export Credit Bank of Turkey (Eximbank) to help finance a 400 km-long stretch of a new railway […]
Long-Time Ruler Jammeh Left Gambia, Emptied Coffers
Gambia’s longtime leader, Yahya Jammeh, has left the West African nation this weekend following tense negotiations. In a televised address on Saturday morning, Jammeh said […]