Kenya to Cut External, fiscal deficits
18/01/2016In a bid to steady the economy which is expected to grow 6.1 percent in 2016, Kenya’s Finance Minister has recently announced that the government wants to trim ballooning budget.
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Ghana: IMF approves additional $114.6 million disbursement
14/01/2016The International Monetary Fund (IMF) has concluded the second review of Ghana’s economic performance, leading to additional approval of $114.6 million to boost growth, jobs and stability. This brings total.
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Africa
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Egyptian Pound Steady at Forex sale and on Black Market
11/01/2016Egypt’s central bank kept the pound steady against the dollar at its official foreign currency auction on Sunday, and the currency held steady on the black market as well.
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South Africa’s Rand Gains with Economic Risks
11/01/2016South Africa’s rand has recently recovered against the dollar after hitting record lows in the previous session, but remained vulnerable to concerns about the local economy and that of China..
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Kenyan Telecoms Regulator Seek Independent Powers
07/01/2016Francis Wangusi, Director General, Communications Authority of Kenya Kenya’s telecom’s regulator has recently asked for the opportunity to take on regulatory functions independently while condemning the government for curbing the.
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Nigeria: IMF Head In Talks With President Over Economy
05/01/2016The Nigerian President Muhammadu Buhari, has recently held talks with the International Monetary Fund as the country seeks better ways of tackling economic challenges fuelled by plunging oil prices. The.
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Africa
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Kenyan Shilling Holds Steady in the New Year
05/01/2016In the light of the New Year, the Kenyan shilling was steady on Monday as traders say they expect the currency to trade in a narrow range in the coming.
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Zambian President Reverses Decision to Hike Electricity Tariffs
05/01/2016The Zambian President has recently reversed a sharp increase in electricity tariffs aimed at generating revenue for investment in additional supply, saying the hike had ended up hurting the poor..
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Africa
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Ethiopia, Nigeria See New Partnership In Commodities Marketing
23/12/2015As part of efforts to boost productivity and marketing opportunities for farmers, Nigeria and Ethiopia are in the process of entering into a technical partnership for joint trading of commodities.
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Zambia to Bring In Variable Tax on Mining Royalties
23/12/2015Zambia, Africa’s second largest copper producer, has recently announced that it will introduce a variable tax on mineral royalties that will be adjusted according to metal prices. Government spokesman Amos.
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