Malawi: Inflation Rate Increases to 22.6% in June
The national statistics office of Malawi, on Monday, said the country’s inflation has accelerated to 22.6 percent year-on-year in June from 21.5 percent in May, […]
Finance
Djibouti, IDB ink $75 mln fuel imports deal
Djibouti energy minister on Tuesday said the Horn of Africa nation has inked a $75 million financing agreement with the International Islamic Trade Finance Corporation […]
Ghana’s oil exploration under threat –Think Tank
Policy Think Tank, the African Centre for Energy Policy (ACEP) on Friday said Ghana’s oil sector is under threat ahead of November general elections in […]
Nigeria Central Bank Takes over Board of Skye Bank
The Central Bank of Nigeria (CBN) has taken over a local bank, Skye Bank, citing ‘‘persistent failure of the bank to meet minimum thresholds in […]
Ghana: US Grants $10 million to Support Agriculture
The United States is investing $10 million in Ghana to help the west-African nation meet international standards and guidelines for its agricultural produce. The grant […]
IMF Extends Loan Program to Drought-Hit Malawi
The International Monetary Fund (IMF) on Monday said it would increase loans to Malawi by $76.8 million, as the southern African country declared a state […]
Nigeria: IMF Welcomes New Forex Policy
The International Monetary Fund on Thursday welcomed the decision by Nigeria government to abandon its currency peg and adopt a flexible exchange rate policy. The […]
Algeria: Bouteflika Reshuffles Cabinet to Revamp Ailing Economy
Algerian President Abdelaziz Bouteflika this weekend conducted a cabinet reshuffle by changing six portfolios, including finance and energy ministers. It is the fifth reshuffle under […]
Botswana’s Economy to Return to Growth in 2016 – CB
Botswana’s economy will return to growth this year as water and electricity supply stabilizes, the central bank said on Monday. Consumer prices in the southern […]
Nigeria: President Buhari Calls for Economy Restructuring
The Nigerian President Muhammadu Buhari on Wednesday said there was no better time to diversify the West African nation’s economy than now. The Nigerian leader […]