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.. . .
15/02 Zimbabwe's inflation accelerated to a new 10-year high of 56.9 percent year-on-year in January, from 42.09 percent in December, propelled by increases in the price of basic goods and beer, the. . .
15/02 Uganda's economy is expected to grow 6.3 percent in the 2018/19 (Jul-Jun) fiscal year, slightly higher than the 2018 rate, helped by robust activity in sectors including manufacturing and construction, the. . .
12/02 Nigerians vote on Feb. 16 to choose a president to lead
Africa's biggest oil producing nation.
Here are selected stories on the election:
> Economy haunts Nigerian president at ballot box
> The men who. . .
11/02 Tanzania's economy is forecast to grow at 7.3 percent in 2019, from an estimated 7.2 percent last year, helped by public infrastructure investments and favourable weather, a central bank report said.. . .
07/02 The chairman of Libya's LIA
sovereign wealth fund, Ali Mahmoud Hassan Mohamed, was detained
on Wednesday for an investigation into alleged "corruption and
exploitation of (his) position," an official in the attorney
general's office said.. . .
01/02 Zambia has fired Pius Kasolo, the chief executive of state mining investment arm Zambia Consolidated Copper Mines Investment Holding (ZCCM-IH), Mines Minister Richard Musukwa said on Friday, without giving a reason.. . .
31/01 Kenya's NIC will merge with the country's biggest privately owned bank, Commercial Bank of Africa (CBA), to create the third-biggest bank in the region, the chairman of NIC said on Thursday.. . .
23/01 Kenya's finance ministry has sought proposals from banks and firms to provide lead manager services for the issuance of a new Eurobond, it said on Wednesday, confirming an earlier source-based report. . .
18/01 Economic growth in Guinea-Bissau
slumped to 3.8 percent last year from an average of about 6
percent in the previous three years, due largely to a 25 percent
drop in cashew exports, the International. . .
17/01 Africa's anticipated healthy
annual economic growth of about 4 percent in coming years will
still be too slow to create enough jobs for its fast-expanding
labour force, a regional loan body said on Thursday.. . .
17/01 Sudan must implement radical
reforms or seek a bailout from friendly nations to pull its
economy out of the downward spiral that helped trigger the
nationwide protests now rocking the country, economists and
bankers say.. . .
17/01 Rail, bus and air traffic stopped
in Tunisia and street protests drew thousands on Thursday as the
huge UGTT union staged a one-day nationwide strike to challenge
the government's refusal to raise the salaries. . .
17/01 Zimbabwe's inflation hit a fresh 10-year high of 42.09 percent year-on-year in December, from 31.01 percent in November, driven by increases in the price of basic goods, the statistical agency Zimstats. . .
16/01 Tunisia's state-owned airline Tunisair expects major disruptions to its flights schedule on Thursday due to a planned nationwide strike and urged customers to change bookings, it said on Wednesday.. . .
08/01 Kenya's Nairobi Securities Exchange said on Tuesday it had stopped trading of shares just before noon due to an unspecified technical hitch, adding it expected the issue to be resolved in. . .
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