Kenya announces plans to stabilize currency
Kenyan Finance Minister Henry Rotich promised further steps, including cutting the budget deficit, to stabilise the currency after a 12 percent fall against the dollar […]
Finance
Five Egyptian banks among Top 1000 World Banks
The Banker magazine said five Egyptian banks have entered the top 1,000 world banks, alongside 78 other Arab banks, according to “Tier1Capital.” Egyptian banks that […]
UK launches ‘Tax Transparency Partnership’ with Ghana
The UK government has announced plans to help Ghana step up its efforts to combat tax evasion, to help boost revenue and improve public services […]
Algeria scales up oil output by 32,000 bpd, officials
The Algerian ministry of energy announced Sunday its crude oil production has increased by 32,000 bpd after the start of two other oil fields. Algeria, […]
Somalia’s imports must grow by 25% – IMF
The International Monetary Fund said on Thursday that Somalia’s imports must grow by about a quarter over the next three years to support a recovering […]
Mali: Randgold Resources plans to invest more in the mining sector
Randgold Resources Ltd said on Tuesday it will take over the underground mining at the Yalea and Gara mines at the Loulo project in Mali […]
Kenyan diaspora sends home $754 million in H1
The central bank of Kenya said on Tuesday that Kenyans living abroad sent $754 million back home in remittances during the first half of this […]
West African Development Bank to raise $500m for regional integration
The West African Development Bank (BOAD) plans to raise up to $500 million from the international financial markets in the last quarter of 2015 to […]
Burkina Faso MPs agree to cut 1,200 irregular civil service salaries
The government of Burkina Faso announced Saturday it will cease paying over 1,200 civil service salaries to battle alleged payroll fraud. The government said salaries […]
Zimbambwe: China to build $1.1bn thermal power plant
Zimbambwe signed on Thursday a $1.1 billion agreement with the China State Construction Engineering Corporation (CSCEC) to build a 600-megawatt thermal power plant by 2019 […]