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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South Sudan: Team of Rebels In Juba To Prepare For New Gov’t
23/12/2015A team of rebel officials landed in South Sudan’s capital Juba on Monday to prepare for the return of the rebel leader next month and the formation of a transitional.
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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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Egypt’s Central Bank Tightens Import Controls to Boost Local Production
23/12/2015In a bid to support local manufacturing and better preserve its dwindling foreign currency reserves, the central bank of Egypt has in a statement said that it will tighten import.
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Nigeria Expects 2016 Budget Deficit to Double To $11 Billion – President
23/12/2015Nigerian President Muhammadu Buhari has recently said that the country expects its budget deficit to double to 2.2 trillion naira ($11 billion) in 2016 as the government plans to revive.
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Benin Republic: Pm Zinsou Confirms To Run For President in 2016 Polls
22/12/2015Benin’s Prime Minister Lionel Zinsouhas recently said he would run for president on behalf of the ruling party in an election next year, burying fears that President BoniYayi will defy.
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Rwanda: President Kagame Thanks Nation after Referendum Favouring Him
22/12/2015Rwanda’s president Paul Kagame thanked the nation on Monday for voting in a referendum last week of which 98 percent overwhelmingly backed constitutional changes allowing him seek re-election for another.
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AfDB to Fund Construction Of Power Project In Sierra Leone
22/12/2015As part of African Development Bank’s (AfDB) efforts to improve power availability in Africa, its Board of Directors has recently in Abidjanapproved a senior loan of up to USD 20.
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