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…
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…
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…
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…
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…
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…
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…
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…
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,…
Congo joins OPEC
The Ministry of Hydrocarbons for the Republic of the Congo has announced that the country has become the fifteenth member…
Ethiopian Airlines to take delivery of record 100th aircraft in June
Ethiopian Airlines has announced that it will take delivery of its 100th aircraft in the first week of June. It…
Togo protests continues as business owners worry about economic impact
It seems like business as usual in Togo’s capital, Lome despite growing tension and ongoing protests calling for an end…
Liberia president reduces import taxes on over 2,000 commodities
Liberian President George Weah on Wednesday decided to reduce import taxes on more than 2000 commodities to combat rising inflation.…
African leaders urged to embrace industrialisation at Dubai business forum
A new generation of leaders is playing a key role in driving change and economic growth in Africa , Vice…
Congo appoints new head for debt-ridden state oil company
Congo Republic has appointed a new head for the state-run oil company. President Denis Sassou Nguesso named Maixent Raoul Ominga…
Africa mining sector on the move amid price comeback
Investors and mining firms gathered on Monday at Africa’s biggest industry conference amid a newfound optimism that the uptick in…
Coffee production threatened in Eastern Ethiopia
For generations, farmers planted the lush earth of Awedai and nearby areas in eastern Ethiopia with coffee trees, earning a…
South Africa: Finance minister in hot water, rand tumbles
The South African Rand has fallen to a three-week low as investors and the international market closely monitor news that…
UAE deposits $1.4 billion to Sudan Central bank to ease forex crisis
As Sudan struggles to tackle an acute foreign exchange crisis, the United Arab Emirates has stepped in and offered $1.4…
Gabon unveils $ 300 million port harbour
Gabon on Saturday officially inaugurated a new port harbour. The project is part of a plan to modernize the existing…
Forty-four countries sign historic Africa Union free trade agreement
Forty-four African countries have signed up to a historic trade agreement aimed at paving the way for a liberalized market…
DR Congo’s Kabila to meet companies over mining code revision
Democratic Republic of Congo President, Joseph Kabila will meet mining company representatives on Tuesday to discuss a mining code revision…
Business for Africa forum kicks off in Egypt
Entrepreneurship is hailed as a key driver for economic growth in Africa and creating an enabling environment for businesses to…
Eq. Guinea: Africa Economic Congress 2017 kicks off in Malabo
Growth and production should go hand in hand, but countries in the continent are struggling to make that a reality.…
Tanzania seeks Turkish loan for railway
Tanzania on Monday asked for a loan from state-owned Export Credit Bank of Turkey (Eximbank) to help finance a stretch…
Manufacturing is key to Africa’s economic potential
It has been said time and again for African economies to reach full potential, building a strong manufacturing base is…
World Bank lowers 2016 growth projections for Sub-Saharan Africa
The World Bank has lowered its 2016 sub-Saharan African growth forecast to 3.3 percent from a previous forecast of 4.4…
Mozambique turns to China for financial aid
After western powers, the International Monetary Fund (IMF) and World Bank recently suspended financial aid to Mozambique, the country has…
Development of e-commerce in Cameroon
Buying goods on the internet has become a habit for Ndoma Vanessa. She is part of the generation of young…
Improving Africa’s debt market
Access to accurate information and data on African debt markets remains one of the major challenges facing investors. Africa’s debt…
Ethiopia tourism revenue rebounds after 2016 dip
Ethiopia’s tourism sector generated over $3.32 billion in revenue with more than 886800 tourists visiting the East African country during…
Oil prices to remain low – IEA
The International Energy Agency, IEA, has warned oil prices could fall further in 2016. In its forecast report released on…
“African Mona Lisa” fetches $1.6m at London auction
A long-lost Nigerian masterpiece that had been missing for decades has sold for a record £1.2 million pounds ($1.68 million)…
Ivory Coast sets cocoa sets cocoa farmers pay at 700 CFA francs per kilo
Ivory Coast, the world’s top cocoa grower, set its minimum rate for farmers at 700 CFA francs ($1.23 ) per…
Kenya Airways expects improved profits with lower fuel cost and slim fleet
Kenya Airways has adopted other cost cutting measures as the company’s management seeks to improve operational profits and narrow losses…
Ghana’s government “inherits” budget deficit of about 10 percent
Ghana’s budget deficit could be twice as big as previously forecast. Finance minister Ken Ofori- Atta said on Wednesday that…
Row over Kenyan oil revenues threatens to delay production
Residents of Turkana, Kenya say they expect to see at least a third of oil revenues injected into development projects…