Economy

Aug 15, 2019
The Nigerian central bank held a treasury auction on Wednesday to try to lure foreign investors, traders said, hours after it was announced that the president told the bank to…
Aug 14, 2019
When Cyril Ramaphosa succeeded Jacob Zuma as South Africa’s president, he promised a “new dawn” after nine years of misrule that hobbled the economy. Eighteen months later, hopes have dissipated…
Aug 13, 2019
Ethiopia has survived several dark epochs in its long history. One of them is known as Zemene Mesafint – the era of princes. This period, between the mid-18th and mid-19th…
Aug 07, 2019
South African President Cyril Ramaphosa is standing his ground in a deepening campaign funding scandal that threatens to scar his reputation and undermine his drive to tackle rampant graft, insisting…
Aug 05, 2019
The latest price hike announced by energy regulators on Saturday is the second last week and comes 48 hours after Zimbabwe Finance Minister Mthuli Ncube increased the excise duty on…
Jul 22, 2019
South African President Cyril Ramaphosa on Sunday said he will seek an urgent judicial review of what he described as an irretrievably flawed report in which the country’s graft watchdog…
Jul 22, 2019
Tanzania’s economy expanded 5.2% in 2018, the World Bank said, the second major report this year from a multilateral financial institution contradicting rosier government figures. Tanzania’s finance minister had told…
Jul 19, 2019
Public Protector Busisiwe Mkhwebane has said that President Cyril Ramaphosa deliberately deceived Parliament with regard to a R500,000 donation from Bosasa to fund his African National Congress election campaign, Eyewitness…
Jul 20, 2019
Ghana has been chosen by the African Union (AU) to host the secretariat of the African Continental Free Trade Area. It beat other competing countries including Egypt, Eswatini, Ethiopia, Kenya,…
Jul 15, 2019
It’s been almost a year since the Commission of Inquiry into allegations of state capture in South Africa began to hear testimony. Also known as the Zondo Commission, it is…
Jul 12, 2019
Government is calling for partnerships between local and foreign investors to set up generic drug manufacturing plants to improve drugs availability and create jobs. Further, Government believes such investments will…
Jul 11, 2019
The tenth edition of Global Corruption Barometer (GCB) – Africa, released on African Anti-Corruption Day by Transparency International in partnership with Afrobarometer, reveals that more than half of all citizens surveyed in 35 African countries think corruption is…
Jul 06, 2019
South Africa is one of the 10 most heavily taxed countries in the world (tax-to-GDP ratio), according to the a report by the International Monetary Fund (IMF). Personal taxes have…
Jul 05, 2019
Eleven people were killed in an attack last week by an Islamist militant armed group in northern Mozambique near its border with Tanzania, Mozambican police said on Wednesday. Several of…
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