25/04 Kenya's economy is likely to
expand by at least 6 percent this year, the country's finance
minister said on Thursday, sticking to rosy government forecasts
despite delayed rains that could hit agriculture, a mainstay. . .
23/04 Tanzania on Tuesday
denied blocking the publication of a critical International
Monetary Fund report that accuses President John Magufuli's
government of undermining economic growth with "unpredictable
and interventionist" policies.. . .
18/04 Angola's President João Lourenço annulled on Thursday the winning tender for the country’s fourth telecoms operating license and ordered it be re-run to ensure "a clean and transparent process," his office. . .
18/04 Nigeria has no intention of removing subsidies on petroleum products, its finance minister said on Wednesday after the International Monetary Fund (IMF) advised the country to eliminate them to protect public. . .
17/04 Angola's crude oil exports will
fall in June to their lowest level in 13 years due to a shutdown
at the Saturno field for maintenance, according to a preliminary
loading programme and an industry. . .
16/04 Higher mineral taxes in Zambia will have a severe effect on Lumwana Mining Company's operations, driving its costs up, the copper miner's country manager, Nathan Chishimba, told journalists on Tuesday.. . .
11/04 Zimbabwe has reached agreement with the International Monetary Fund (IMF) on a programme of economic policies and structural reforms that could pave the way to the crisis-hit country re-engaging with international. . .
09/04 Malawi's maize output increased by just over 24 percent in the 2018/19 farming year so far, boosted by favourable weather conditions and government subsidies, the agriculture minister said on Tuesday.. . .
04/04 Nigerian oil company Oando
said on Thursday it had sold its 25 percent stake in
local gas and power company Axxela to majority investor Helios
Investment partners for $41.5 million as it works on. . .
04/04 Kenya's economy should grow an improved 6.3 percent in 2019, President Uhuru Kenyatta said on Thursday, citing an improved business environment and his government's push to boost manufacturing, food production and. . .
27/03 Uganda's coffee exports dropped 17 percent year-on-year in February, undercut by scant rains in some coffee growing areas, the state-run regulator Uganda Coffee Development Authority (UCDA) said.. . .
26/03 Lawyers representing Nigeria's
attorney general on Tuesday appeared in court to argue that
telecoms company MTN Group did not have grounds to
oppose a $2 billion tax bill, legal teams for both sides said.. . .
20/03 Morocco's OCP, the world's leading phosphate exporter, reported a 19 percent rise in 2018 full-year net profit to 5.4 billion dirhams ($562.79 million) on Wednesday, citing steady demand and higher prices. . .
19/03 Ghana's Cocobod signed a $300
million three-year loan with several international lenders on
Tuesday to refinance central bank-raised cocoa bills and finance
production enhancement programs, one of the lenders said in a
statement.. . .
19/03 Morocco’s Banque Centrale Populaire (BCP), one of the country’s biggest lenders, said on Tuesday its first half net profit attributable to shareholders rose 3.5 percent to 2.9 billion dirhams ($302 million).. . .
19/03 Kenya Reinsurance Corp Ltd,
which offers re-insurance services to firms across Africa and
the Middle East, said on Tuesday it expects its full-year net
earnings to plunge more than 25 percent from previous year.. . .
18/03 Algeria's newly-appointed
Deputy Prime Minister Ramtane Lamamra is expected to visit
several countries including Russia, China, and some EU nations
to explain the crisis in Algeria, a foreign ministry official
said.. . .
15/03 Zimbabwe's inflation rose to a new ten-year high of 59.39 percent year-on-year in February from 56.9 percent in January, pushed by increases in the price of basic goods, the statistics agency. . .
15/03 Kenyan banks' share prices
rose on the Nairobi Securities Exchange on Friday, a day after a
court ruling declared interest rate caps unconstitutional and
gave parliament 12 months to review them, traders said.. . .
15/03 Nigeria's consumer inflation grew 11.31 percent in February from a year earlier, compared to January's 11.37 percent annual growth for January, the National Bureau of Statistics said on Friday.. . .
14/03 The International Monetary Fund (IMF) said on Thursday that Malawi's economy is expected grow about 5 percent in 2019, supported by a recovery in farming and an improvement in electricity generation.. . .
27/02 eSwatini's economy probably contracted in 2018 and is set to continue faltering as the southern African kingdom faces slowing rates of foreign investment and a fast-growing wage bill, Finance Minister Neal. . .
27/02 Defeated Nigerian presidential
candidate Atiku Abubakar said on Wednesday that he rejected the
election results that handed President Muhammadu Buhari a second
term and would challenge the outcome in court.. . .
26/02 Nigeria's main opposition party on
Tuesday demanded an immediate halt to the release of
presidential election results by the electoral commission until
data on voters who took part was made available to all parties
in. . .
25/02 President Muhammadu Buhari took an
early lead on Monday in initial official results from Nigeria's
presidential election but the party of his main challenger
quickly rejected the tallies as "incorrect and unacceptable".. . .
25/02 The head of the European Union's
observer mission to Nigeria's presidential and parliamentary
elections said on Monday that the vote had been hit by
operational shortcomings that made it difficult for voters.. . .
24/02 Sunday Nicholas voted for
Muhammadu Buhari in Nigeria's 2015 presidential election, but
the 32-year-old factory worker in the northern city of Kano was
casting his ballot on Saturday for the president's challenger,
Atiku Abubakar.. . .
23/02 Nigeria began
counting votes in Saturday's closely-fought presidential
election although the electoral commission extended voting in
some places where polling stations opened late or ballot
machines malfunctioned.. . .
23/02 Islamic State on Saturday said it
carried out a morning attack on the northeast Nigerian city of
Maiduguri as the country holds elections, although the army has
denied an attack took place and says. . .
21/02 Libya's National Oil Corporation
(NOC) said on Thursday it was concerned by developments at the
south-western El Feel oilfield after eastern-based forces said
they had taken control of the field.. . .
20/02 A surprise delay in Nigeria's
presidential ballot has served foreign asset managers another
reminder of political risk and volatile investment returns in
Africa's biggest economy - just days after piling into assets in
a bet. . .
20/02 Nigerian fuel suppliers have cut
the price of petrol to encourage people to travel to vote in
presidential elections this Saturday after the poll was delayed
by a week, the information minister said on. . .
20/02 Debt servicing costs are putting pressure on Zambia's central bank reserves, Bank of Zambia Governor Denny Kalyalya said during a monetary policy committee briefing on Wednesday, after announcing it would keep. . .
18/02 Nigeria's main opposition on
Monday said President Muhammadu Buhari's threat to use soldiers
to deal with any attempts to tamper with voting material during
a delayed vote was a "direct call for jungle justice".. . .
16/02 Nigeria's presidential election
was delayed by a week due to delays in transporting electoral
material and was not a result of external pressure, the chairman
of the electoral commission said on Saturday.. . .
16/02 Nigerian opposition
candidate Atiku Abubakar on Saturday appealed to voters to be
patient following the postponement of a presidential election by
a week.. . .
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