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 […]
Finance
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 […]
Zimbabwe Misses 2016 Revenue Target
Zimbabwe’s tax agency ZIMRA on Thursday said it missed the 2016 revenue target by 4 percent as weak global commodity prices hit mineral royalties in […]
Angola’s Inflation Soars to highest
Angola’s inflation rose to 41.95 percent year-on-year in December from 41.15 percent in November, the national statistics agency said on Thursday. Data also showed prices […]
EU Releases €28.7 Additional Emergency Assistance in Africa, Asia
With the humanitarian situation drastically deteriorating in a number of countries and regions, the EU announced it is releasing an urgent assistance to prevent critical […]
Nigeria’s NNPC Awards Crude Oil Contracts to 39 Companies
Nigerian state run National Petroleum Corporation (NNPC) has awarded its 2017 crude oil term contracts to 39 companies on Tuesday. NNPC said in a statement […]
Ghana’s GDP Inches to 4% in 2016 Q3 Despite Economic Hurdles
Ghana’s provisional GDP for the 3rd quarter of 2016 grew by 4 percent compared to 3.5 percent in the same period of 2015. According to […]