MTN Experiences First Annual Loss in 20yrs after Nigeria Fine
02/03/2017Africa’s mobile phone operator MTN Group swung to its first annual loss in two decades on Thursday, hit by a regulatory fine in Nigeria and unfavourable currency moves but.
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Nigeria’s Economy Contracted By 1.5% in 2016 on Lower Oil Prices
28/02/2017Nigeria’s gross domestic product fell by 1.5 percent in 2016 due to lower oil revenues, the National Bureau of Statistics said on Tuesday, for its first annual.
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Tunisia to Accelerate Reforms as IMF Freezes Loan: Minister
27/02/2017Tunisia is likely to sell stakes in three state-owned banks this year and cut up to 10,000 public sector jobs as part of reforms demanded by the International Monetary Fund.
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Risk of Nigeria Devaluing Naira Rising, But It Won’t Float Freely
24/02/2017Nigeria’s authorities may soon devalue the naira but won’t fully relinquish control over it, instead taking steps to narrow the gap between the official and black market rates to boost.
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Barclays to Pay $988Mln to Split from African Business
23/02/2017Barclays has agreed to pay Barclays Africa nearly $1 billion to fund investments needed for it to split from its African business, paving the way for the British bank to.
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Tunisia Growth Slows To 1 Pct in 2016: Official Data
22/02/2017Tunisia’s economic growth slowed to 1 percent in 2016 compared with 1.1 percent in the previous year, official figures showed on Tuesday. The state statistics institute said the.
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Nigeria Tests Waters for Possible Broad Naira Devaluation
21/02/2017Nigeria effectively devalued the naira for private individuals on Monday, paving the way for a possible broader move despite stiff resistance from President Muhammadu Buhari. With Buhari abroad for medical.
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World Bank Sees Zambia Economic Growth at 4 Percent in 2017
20/02/2017Zambia’s economic growth is seen rising to 4 percent in 2017 and 4.2 percent in 2018, the World Bank said on Monday, predicting a jump in copper prices and improved.
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African capital markets decline in 2016 says PwC report
17/02/2017Barnabas Thondhlana The year 2016 marked a challenging year for African equity markets in the wake of lower economic growth and political upheaval around the globe, largely as a result.
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Zimbabwe Banks Holding $120 Million in Cash: Central Bank
16/02/2017Zimbabwean banks are holding $120 million in cash and double that in offshore accounts, the central bank said in a statement on Wednesday, as the country struggles with a persistent.
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