Nigeria 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.
Zambia’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.
Barnabas 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.
Zimbabwean 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.
The International Monetary Fund (IMF) may consider extending its three-year aid deal with Ghana if the new government requests an extension, the Washington-based lender said on Wednesday. The West African.
South Africa’s unemployment rate in the fourth quarter of last year retreated from its highest in 13 years as key sectors hired more workers, a further sign of recovery in.
Egypt is making good progress in its $12 billion loan programme with the International Monetary Fund and its currency may be stabilising after plunging to record lows, IMF Managing Director.
South Africa’s automotive sector capital expenditure is projected to rise to 8.2 billion rand ($615 million) this year from 6.4 billion rand in 2016, the auto industry body said in.
New discoveries by mining companies have increased Mali’s estimated gold reserves to 822 tonnes, or around 16 years of output at current production levels, the West African nation’s mines ministry.
Nigeria’s parliament has approved the government’s request to sell a $1 billion Eurobond on the international debt market to help finance its budget deficit, the senate spokesman said on Wednesday..
