Angola Finds Offshore Oil, Gas Reserves
15/04/2016Angola’s state oil company Sonangol said it has found oil and gas reserves in the Kwanza basin that could total 2.2 billion barrels of oil equivalent, including in a block.
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Tunisia: New Law to Shield Central bank from Political Interference
14/04/2016Tunisia’s parliament has recently approved a law to strengthen the central bank autonomy to shield its board from political interference, one of the key economic reforms sought by the country’s.
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Nigeria Non-oil Income Boost to Offset Oil Slump
13/04/2016Nigeria expects its non-oil revenues to nearly double this year as Africa’s top oil producer seeks to offset a slump in oil revenues.
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Nigeria: FG Sets Key Plans for Economic Growth, Job Creation
12/04/2016Nigerian Finance Minister, Mrs. Kemi Adeosun, has recently set out the government’s plan to reset the nation’s economy at a special programme organized by the Lagos Business School.
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Nigeria to Get $200 Million from Oil Majors
11/04/2016The Group Managing Director of state-owned oil firm NNPC Ibe Kachikwu, has recently said that Nigeria will get $200 million in hard currency from oil majors to pay for fuel.
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South Sudan Introduces New Bank Notes
10/04/2016South Sudan has recently introduced new bank notes to deal with the confusion caused by some denominations whose notes look alike, a senior official has said.
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AfDB President Pledges to Increase Financial Support to Mozambique
07/04/2016The President of the African Development Bank Group (AfDB), Akinwumi Adesina, has recently reaffirmed the commitment of the Bank to continue to support the growing Mozambican economy.
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Orange to Invest in Nigerian E-commerce Group
06/04/2016Stephane Richard, Chairman and CEO Orange French Telecommunications Company, Orange, is to invest 75 million euro ($85 million) in Nigerian e-commerce group, Africa Internet Group (AIG) and become a shareholder.
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Zimbabwe: Introduce Gold-backed currency-U.S. investors
05/04/2016American investors have recently advised Zimbabwe to take advantage of its mineral resources and introduce a gold-backed currency, which could help attract international capital.
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IMF Tasks Nigeria to Increase Non Oil Revenues to Boost GDP
04/04/2016The International Monetary Fund (IMF) has recently emphasized the critical need for Nigeria to raise non oil revenues to ensure fiscal sustainability while maintaining infrastructure and social spending.
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