Somalia's giant economic strides, secures $1.4 bn debt cancellation
The Paris Club of creditor countries have agreed to restructure Somalia’s external public debt with an immediate cancellation of 1.4 billion U.S. dollars. Somalia … source
IMF says talks with Zambia still on hold
Status quo in negotiations between the International Monetary Fund( IMF) and Zambia* In order to lend $1.3 billion to Africa’s second largest copper producer, … source
Ghana economy: IMF checks to stay in place after bailout package
Ghana does not intend to completely sever its relations with the IMF. Finance Minister Ken Ofori-Atta said Ghana will continue to subject its public finances to … source
Kenya hopes to boost exports to China- Kenyatta
Kenya is hoping to boost its economic growth by strengthening cooperation with China. President Uhuru Kenyatta said he’s looking at opportunities for more … source
South Africa launches notes and coins for 100th anniversary of Mandela’s birth
South Africa on Friday launched a set of limited edition bank notes and gold coins to mark the 100th anniversary on July 18 of the birth of Nelson Mandela. source
Zambia lifts fuel prices as local currency weakens
Zambia’s energy regulator has said fuel prices will increase from midnight on Monday due to rising international oil prices and the depreciation of the local … source
Rwanda becomes third country to ratify A.U. free trade pact
Rwanda has become the third African country to ratify the African Continental Free Trade Area (AfCFTA) deal. Kigali submitted ratification instruments to the … source
Africa-United States’ AGOA trade review talks end in deadlock
Talks between African and U.S. officials to review the African Growth and Opportunity Act (AGOA) free trade deal ended on Thursday with no decision and a … source
South African economy projected to grow in 2018
South African gross domestic product shrank 2.2 percent in the first quarter, led by a slowdown in agriculture and mining, after expanding 3.1 percent in the final … source
Congo joins OPEC
The Ministry of Hydrocarbons for the Republic of the Congo has announced that the country has become the fifteenth member of the Organization for Petroleum … source