Economy – Page 6 – Medafrica Times

Algeria scales up oil output by 32,000 bpd, officials

August 4, 2015 Khalid Al Mouahidi 0

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

July 31, 2015 Geraldine Boechat 0

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 […]

Tunisia suffers Tourism exodus as Britain and others recall citizens

July 11, 2015 Khalid Al Mouahidi 0

European holiday makers are leaving Tunisia in droves after their governments warned of imminent attacks on tourists and touristic sites. Authorities in Tunisia are bothered […]

WB provides Angola $650 million to stabilize its economy

July 3, 2015 Geraldine Boechat 0

The World Bank agreed to give Angola $650 million in financial support to help stabilize an economy that’s reeling from a plunge in oil prices. […]

UN: “There is no way that Zimbabwe could introduce the local currency”

July 1, 2015 Khalid Al Mouahidi 0

The United Nations says Zimbabwe is unlikely to have its own currency in the next five years, after it dumped its inflationary ravaged dollar in […]

Ghana: Investors are losing confidence (Opposition)

June 29, 2015 Khalid Al Mouahidi 0

The New Patriotic Party (NPP), an opposition party in Ghana said at a fund raising program this weekend in London that investors are fast losing […]

Atlas Mara Ltd. to Buy Finance Bank Zambia

June 24, 2015 Khalid Al Mouahidi 0

Atlas Mara Ltd. is in talks to buy the troubled Finance Bank of Zambia Limited (FBZL) from its majority shareholder, Rajan Mahtani, according to a […]

Ethiopia: Africa’s fastest growing economy prepares first dollar bond

November 26, 2014 Steven Addamah 0

A source has revealed that Ethiopia is preparing to follow the footsteps of Ghana, Kenya Senegal and Ivory Coast by selling its first dollar bond. […]