Ghana: Cocoa Board debt reaches $2.2 billion
Ghana’s cocoa board this weekend said it has accumulated $2.2 billion in debt after the nation missed its production target in the previous season. The […]
African Development Bank
Gabon: Government to create 30,000 jobs by 2019
Gabonese authorities on Monday unveiled plan to create about 30,000 jobs in various fields over the period 2017-2019 under the Economic Recovery Plan (ERP), local […]
Africa’s economy to grow by 3.4 % in 2017 – Report
Africa’s economy will grow by 3.4 percent in 2017, and 4.3 percent in 2018. The modest recovery from the worst performance in more than two […]
AfDB releases $750 million loan to support Namibia
African Development Bank on Friday released $750 million loan to finance budget deficit and infrastructure projects in Namibia, Finance Minister Calle Schlettwein said. According to […]
AfDB questions Africa’s annual $35bn food importation
African Development Bank’s president, Akinwumi Adesina on Thursday lamented the negative effects that huge food imports had on the African continent. Speaking at the Center […]
Zimbabwe Misses 2016 Revenue Target
Zimbabwe’s tax agency ZIMRA on Thursday said it missed the 2016 revenue target by 4 percent as weak global commodity prices hit mineral royalties 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 […]
Cameroon inks deal to extend optic fiber network
Cameroon’s state-owned telecoms provider Camtel on Monday, signed a finance arrangement with U.S. lender William F Clark & Co. LLP to extend the central African […]
Africa Power Vision to Electrify Continent by 2063
A joint venture called Africa Power Vision (APV) is planning to electrify the African continent with reliable and affordable energy sources by 2063. The development […]
Zimbabwe: $10bn Compensation for Evicted White Farmers Considered
Zimbabwe’s Finance Minister on Friday said the government plans to compensate white farmers for land seized and has begun evaluating the properties. Farmers may be […]