Nigeria: Central Bank to retain forex controls amid slow growth
Nigeria’s central bank plans to retain foreign currency controls because of concerns about slowing growth rate, a senior bank official said on Wednesday as Africa’s […]
Finance
Chad: Boko Haram plunges GDP forecast to 1%
The International Monetary Fund (IMF) said on Friday that Chad’s GDP will contract to 1 percent this year as compared to the 5 percent growth […]
Algeria-EU: Algiers rejects EU’s media project grant
Algerian Minister of Communication rejected Thursday EU’s grants for Algeria’s communication and media reforms. EU’s Foreign Policy Chief Federica Mogherini who was visiting Algeria could […]
Mali: Weakening manufacturing output to slow economy to 4.9 %
Mali’s economic growth is set to slow this year to 4.9 percent, because of weakening manufacturing output, despite a strong harvest, the International Monetary Fund […]
Guinea: China to build $2 bln hydropower dam
Guinea is in talks with China International Water & Electric Corp. to build a $2 billion hydropower dam that would boost the West African country’s […]
Ghana: Central Bank increases benchmark interest rate
The Bank of Ghana increased the policy rate by 1 percentage point, Governor Kofi Wampah told reporters in the capital, Accra after the 66th regular […]
Liberia-IMF: “Stay the course to improve economy,” Lagarde
IMF Managing Director Christine Lagarde arrived in Liberia Thursday to celebrate the resilience of the Liberian people and the leadership of President Johnson Sirleaf in […]
EU to curb African migration with €1.8 Bln fund
The European Commission head Jean-Claude Juncker said on Wednesday that the European Union (EU) is setting up a €1.8 billion trust fund to help curb […]
Zimbabwe: IMF forecasts lower growth after exports dropped
The International Monetary Fund (IMF) on Wednesday lowered Zimbabwe’s growth forecast for this year to 1.5 percent from 2.8 percent, blaming lower commodity exports of […]
Nigeria to fight oil theft with drones – NNPC boss
Nigeria’s state oil company NNPC is set to deploy drones to check the movements of ships in the country’s waters in a bid to free […]