The 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.
Stephane 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.
American investors have recently advised Zimbabwe to take advantage of its mineral resources and introduce a gold-backed currency, which could help attract international capital.
The 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.
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.
