Kenya’s Economy Grew by 5.6% in 2015
Kenya’s economy grew by 5.6 percent in 2015 up from 5.3 recorded in 2014, the statistics office said on Tuesday. Agriculture, which contributes nearly a […]
Finance
Egypt, Bahrain Sign 11 MoUs to Boost Trade
Bahrain and Egypt have signed eleven Memorandums of Understanding in various fields during a joint business forum held in Cairo with both parties hoping to […]
Algeria GDP Growth Stood at 3.9% in 2015
Algeria’s economy grew by 3.9 percent in 2015, up from a 3.8 percent the previous year, the government said on Monday. In 2015, the North […]
Kenya: Parliament to Raise Deposit Guarantee after Bank Closures
Lawmakers in Kenya are considering a proposal to raise the amount of bank deposits guaranteed in case of a collapse by 20 times to $19,800 […]
Ghanaian Economist Gets Senior World Bank Job
The World Bank Group this weekend appointed Ghanaian economist Victoria Kwakwa as the new Regional Vice-President for the bank’s East Asia and Pacific region. According […]
Nigeria Has not Applied for IMF Assistance, Finance Minister
Nigeria’s Finance Minister, Kemi Adeosun said over the weekend that the West African nation has not applied for financial assistance from the International Monetary Fund […]
Ghana: New Central Bank Governor to Tackle Inflation, Revamp Growth
Ghana’s new Central bank Governor, Dr Nasiru Issahaku said his top priority is to tackle inflation in the West African nation and pursue new fiscal […]
South Africa: Ford to invest $170m, Create 1,200 Jobs
The American giant Ford Motors said it is investing $170 million to expand operations in South Africa in a move that will bring more of […]
Angola Seeks IMF Help to Address Economic Challenges
Angola, Africa’s second largest crude producer, on Wednesday said it plans to start talks with the International Monetary Fund about a loan to help its […]
Mozambique Ailing Economy Gets Support from AfDB
The African Development Bank (AfDB) on Monday said it will disburse $1.7 billion to assist Mozambique, hard hit by the slump in commodity prices. The […]