Nigeria: 50,000 Ghost Workers Cost over $600m Yearly
The Nigerian government has removed over 50,000 ghost workers from its payroll and saved over $600 million in the fight against corruption, the presidency said […]
Finance
Kenya: Economy Slows to 5.7% in Third Quarter
Kenya’s statistics office this weekend said the economic growth of the East-African biggest economy has slowed to 5.7% in the third quarter of 2016, compared […]
Mauritius Island’s Trade Deficit Expands 25% in October
Mauritius’ trade deficit expanded 25 percent in October from the same period a year earlier, the statistics office said. The value of exports fell 14.9 […]
Benin Unveils 5-Year Action Plan to Uplift from Poverty
Benin’s President Patrice Talon and his government are planning to spend $15 billion to implement a 5-year action plan meant to boost development of the […]
Nigeria: Exxon Mobil Closes Doors in Lagos over Workers’ Protest
U.S. oil giant Exxon Mobil’s headquarters in Lagos has been shut down, after protesters besieged the company’s offices, protesting the sacking of 150 Nigerian workers. […]
Nigeria’s 2017 Budget Increases by 20.4% over 2016
Nigeria’s President Muhammadu Buhari on Wednesday presented a record $24 billion budget for 2017 as oil prices soared to $57.83 on Monday, December 12 leaving […]
Zimbabwe: Gov’t to Pay December Salaries in 2017
Zimbabwe’s government on Wednesday released pay dates for civil servants in the southern African nation, with a large section of workers to be paid in […]
Zimbabwe introduces new “bond notes” currency
Zimbabwe central bank on Monday launched a “bond notes” currency in a last-ditch bid to inject desperately needed cash into its failing economy. The southern […]
Rwanda raises $18.57 million Treasury bond
Rwandan government borrowed about $18.57 million from the market through a three-year Treasury bond, the central bank said late on Wednesday. The bond, which has […]
Nigeria’s GDP shrinks by 2.24 % in Q3 of 2016
Nigeria’s gross domestic product (GDP) contracted by 2.24 percent in the third quarter, the National Bureau of Statistics (NBS) said on Monday. According to the […]