Zimbabwe to Raise First T-Bills in Seven Years
01/08/2019Zimbabwe’s central bank on Wednesday sought to raise 30 million Zimbabwe dollars ($3.27 million) at its first public auction of treasury bills since 2012. Between 2013 and last year, the.
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Economy
SA Rand steady; Focus on Unemployment
30/07/2019South Africa’s rand steadied against the dollar in early trade on Monday, but the currency hovered near a 4-week low hit last week after rating agencies Fitch and Moody’s warned.
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Economy
Nigeria Plots Course to Membership of Africa’s Planned Free Trade Zone
30/07/2019Nigeria is backing its commitment to join Africa’s recently agreed free trade zone by setting up a committee to implement the agreement, and promising new laws where necessary to enact.
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Economy
Zambian Economy to Grow by 2.5%
25/07/2019Zambia’s economy is projected to grow by around 2.5% this year, down from an initial projection of almost 4%, Finance Minister Bwalya Ng’andu said. Africa’s second-largest copper producer has encountered.
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Economy
Nigeria, Siemens Agree Road Map to Increase Power – Buhari
22/07/2019According to President Muhammadu Buhari, Nigeria and German company Siemens have agreed a road map to increase Nigeria’s “reliable” power supply to 11 000 MW by 2023. The president of.
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Economy
Nigeria’s Inflation Rate Drops to 12-month Lowest
16/07/2019The National Bureau of Statistics on Monday said the Consumer Price Index (CPI) which measures inflation rate dropped to 11.22 per cent in June 2019. It is the lowest inflation.
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Economy
TCN Declares $1.61 Billion Donor Fund
12/07/2019The Transmission Company of Nigeria (TCN) says it has received 1.661 billion dollars from multi-lateral donors to boost power supply in the country. Mr Usman Mohammed, the Managing Director of.
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Economy
Egypt Arrears to Foreign Companies Declines By 25%
12/07/2019Egypt’s arrears to foreign oil companies declined to $900 million at the end of June from $1.2 billion a year ago, the petroleum minister said on Thursday, adding that the.
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Economy
Egypt Annual Headline Inflation Slows to 9.4% in June
10/07/2019Egypt’s annual urban consumer price inflation eased to 9.4% in June from 14.1% in May, official statistics agency CAPMAS said on Wednesday, a sharper decline than many analysts had expected.
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Economy
Morocco Adjusts Tax Incentives
08/07/2019Morocco’s finance and business hub Casablanca Finance City (CFC) will from 2020 tax companies’ export activities the same as their local ones after pressure from the European Union to adjust.
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