19/09 Fifteen Liberians, including the son of former president Ellen Johnson Sirleaf, are banned from leaving the country while the government investigates the whereabouts of $104 million in missing cash intended for. . .
04/09 Rwanda's Bank of Kigali has sold a 30 percent stake in its general insurance business to Swan General of Mauritius for 860 million francs ($978,116.13), the bank's chief financial officer told. . .
01/09 Kenya's revenue authority
imposed a 16 percent value added tax on all petroleum products
on Saturday, defying lawmakers who had voted earlier this week
to delay the levy for two years due to concerns. . .
30/08 The Kenyan parliament voted on
Thursday to retain the cap on commercial interest rates which
the International Monetary Fund has insisted must be scrapped or
modified in return for a new standby arrangement.. . .
29/08 Cocoa firms
operating in Cameroon have moved staff out of the Anglophone
region of the country and farmers are abandoning their crops in
the area, as violence between separatists and security forces
intensifies, exporters and. . .
24/08 A Kenyan parliamentary committee has proposed that the east African economy retains the upper limit of commercial lending rates at 4 percentage points above central bank rate, as passed into law. . .
22/08 Zambia has raised its 2018 forecast for the country's fiscal deficit to 7.8 percent of gross domestic product from an initial estimate of 6.1 percent, governor Denny Kalyalya said on Wednesday.. . .
20/08 Poor liquidity within Ivory Coast's banking system caused by the collapse of the top cocoa producer's largest domestic exporter risks hindering exports at the start of the upcoming main crop, exporters. . .
15/08 The Sidi Rezine refinery
in the Algerian capital Algiers will come back online at the
beginning of 2019 with an estimated output of 3.6 million tonnes
of refined products, a senior official at state. . .
14/08 Ethiopian Airlines plans to build a new airport with annual capacity of 80 million passengers in Bishoftu, about 48km southeast of the capital Addis Ababa, state-affiliated media said on Tuesday.. . .
10/08 A huge oil refinery being built
in Nigeria by Africa's richest man is unlikely to start
production until 2022, two years later than the target date,
sources with direct knowledge of the matter said.. . .
07/08 A lack of liquidity in Kenya's money markets has sent the overnight interbank lending rate above the three-month Treasury bill yield and curbed demand for government securities at the weekly auction,. . .
31/07 Heavy debt exposure to Ivory Coast's largest domestic cocoa exporter, which was ordered into liquidation this month, risks destabilising the West African nation's banking sector, bank officials said on Tuesday.. . .
30/07 Kenya's central bank cut its benchmark lending rate to 9.0 percent on Monday from 9.50 percent, the monetary policy committee said, adding inflation expectations were well anchored within the target range.. . .
27/07 A court in Ivory Coast has ordered the liquidation of SAF-Cacao, the world's top cocoa grower's leading exporter, over debts owed to the Coffee and Cocoa Council marketing board, the company's. . .
24/07 OPEC member Algeria's decision to turn to monetary financing to cut budget deficits could cause higher inflation as its non-oil sector remains weak, the International Monetary Fund (IMF) said.. . .
19/07 Zambia will share data on its planned austerity measures with the International Monetary Fund (IMF) to get the lender's feedback on their appropriateness for macroeconomic sustainability, its minister of finance said. . .
19/07 Kenya's High Court has temporarily suspended a "Robin Hood" tax on bank transfers of over 500,000 shillings ($5,000) imposed at the start of the month, the Kenya Bankers Association (KBA) said. . .
19/07 Namibia secured a $218 million loan from the African Development Bank, the second tranche of a quarter billion dollar facility from the development lender to help the country finance its budget. . .
18/07 Kenya will launch its international financial centre in the capital Nairobi later this year to attract large foreign financial firms and boost capital flows, its finance minister said on Wednesday.. . .
15/07 Kenya Power's Chief
Executive Officer gave himself up to police on Sunday and was in
their custody, police said, a day after the east African country
said it wanted to charge him over alleged. . .
14/07 Kenyan authorities said on
Saturday they had arrested a former chief executive officer of
the state-run distributor Kenya Power on suspicion of
economic crimes and wanted to charge the current chief
executive.. . .
13/07 KCB Group, Kenya's
biggest bank by assets, will look at partnering with a local
bank in Ethiopia, where a potential liberalisation of foreign
investment rules could open up a market of 100 million people.. . .
11/07 Libya's central bank (CBL) said
on Tuesday the country had earned 15.6 billion Libyan dinars
($11.4 billion) in oil revenue in the first six months of the
year, accounting for more than 93 percent. . .
04/07 Nigeria will offer a 12.7 billion
naira ($41.6 million) mining contract to eight companies in
exploration and consultancy, its junior mining minister said on
Wednesday, adding both foreign and local firms were encouraged
to participate.. . .
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