Kenya’s economic growth is expected to accelerate both this year and next, helped by low oil prices, improved agricultural output, a supportive monetary policy and infrastructure investments, the World Bank.
A Ghanaian firm, Energy Ghana, a subsidiary of Energy Media Group has recently launched a fuel rating app that will enable consumers to compare fuel prices charged by different supplies.
South Africa’s Gold Fields Ltd has finalized a tax and royalties agreement with the government of Ghana which could safeguard its Damang mine, where around 2,000 jobs would be at.
The United States has recently said that it would press Nigeria in talks this week to adopt a more flexible foreign exchange rate to boost growth and investment in Africa’s.
Lagos and Kebbi State Governments have recently signed a memorandum of understanding (MoU) which they said would culminate in the production of 70 per cent of Nigeria’s rice requirements annually.
Nigeria’s parliament has recently approved record spending for 2016 in a budget that gave few clues about how Africa’s top oil producer can find the money with energy prices still.
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Nigeria’s Finance Minister, Kemi Adeosun, has recently revealed that the government will pump 350 billion naira ($1.76 billion) in the next quarter, in order to revive the county’s economy.
The Kenyan and Ugandan presidents held talks on Monday about which route to choose for an oil export pipeline that Kenya wants to go through its territory rather than neighbouring.
Mining and oil firms in the Democratic Republic of Congo have recently being asked to pay taxes and import duties in U.S. dollars rather than in the national currency.
