$500m unexplained Mozambique govt spending: prosecutor

2017-06-24 19:59

Mozambican officials have launched an investigation after an audit raised questions over $500 million of secret government loans, the country's prosecutor's office has said.

Zim bond notes have helped but won't address underlying issues - World Bank

2017-06-21 18:03

Zimbabwe's bond notes have eased liquidity shortages but can't address macroeconomic imbalances, while further issuance of the currency will inflame inflationary pressures, says the World Bank.

C Africa sapped by decades of strife and misrule

2017-06-19 21:35

The government of the Central African Republic has signed an "immediate ceasefire" deal with rebel groups aimed at ending violence in the strife-torn country.

West African girls show the way in Senegal tech battle

2017-05-22 18:59

West African schoolgirls, some not yet teenagers, have taken a starring role at an engineering competition in Senegal, busting stereotypes with robotics expertise and innovative projects for their communities.

Nigeria seeks $5.2bn from World Bank for power industry

2017-05-09 08:59

Nigeria is seeking $5.2bn from the World Bank to expand electricity generation and help the economy recover from its first contraction in 25 years.

Subdued growth for sub-Sahara Africa in 2017 - IMF, World Bank

2017-04-21 18:47

Subdued GDP growth and a heavy debt burden weigh heavy on prospects for sub-Saharan countries to escape the growth trap.

Why did World Bank ignore all the Net1 info and invest R1.6bn?

2017-03-24 07:50

As the main SA investor in Net1, Allan Gray has been under the spotlight over the social grants payment controversy, while a bigger investor - the World Bank - has not, says Erin Torkelson.

Recession-hit Nigeria details economic recovery plan

2017-03-09 19:32

Nigeria's government this week launched a master plan to lift it out of recession, hoping to hit 7.0% growth by 2020, but economists believe the programme sets the bar too high.

How radical will Zuma really be?

2017-02-12 06:00

In his state of the nation address, President Jacob Zuma said government would embark on ‘radical socioeconomic transformation’ to bring fundamental change to patterns of ownership.

Lourenco: Ex-general poised to be Angola's next leader

2017-02-03 19:26

Since then, the 62-year-old Lourenco has convinced key regime players and analysts he is the right man to succeed President Jose Eduardo dos Santos, who has ruled the oil-rich southwest African nation for 37 years.


Egypt census workers detect another baby boom

2017-06-22 16:01

Egypt census workers going door to door discover that more than 20 million people were born in the last decade alone.

World Bank speaks on Zim's cash crisis

2017-06-21 16:31

Fiscal imbalances combined with a large volume of domestic debt are at the core of Zimbabwe’s ongoing cash shortages, according to the World Bank.

Global economy to grow 2.7% this year - World Bank

2017-06-05 07:17

The world economy will pick up speed this year and next, helped by steadier commodity prices and a pickup in global trade, the World Bank says.

‘Leaders have lost interest in what’s good for SA’

2017-05-14 07:03

A former FirstRand CEO has halted some of his business ventures following the Cabinet reshuffle and the two credit rating downgrades.

Malikane's attendance at US trip raises flags - DA

2017-04-23 12:18

Professor Chris Malikane’s attendance at the IMF/World Bank Spring Meeting, alongside Finance Minister Malusi Gigaba may send the wrong message to investors, says the DA.

World Bank cuts sub-Saharan Africa's 2017 growth forecast

2017-04-19 18:56

The World Bank cut its growth projection for sub-Saharan Africa this year because of weak expansion in the region’s three biggest economies.

We need to change how we use water - World Bank

2017-03-22 16:29

The world needs to transform the way it manages its water, Professor Patrick Verkooijen of the World Bank has said.

Sub-Saharan Africa lags in sustainable energy policies: report

2017-02-15 17:02

A new World Bank report says, Sub-Saharan Africa, where more than a half billion people live without electricity, trails the world in government policies that promote sustainable energy.

Strong metal price growth seen, but SA poses risk to platinum

2017-02-05 19:33

The price of metals is projected to increase by 11% in 2017 due to tightening markets, especially those facing imminent resource constraints, a World Bank report says.

Use tax incentives to create more jobs – World Bank

2017-01-22 07:56

Investment in capital such as machinery and equipment has been progressively replacing jobs in agriculture, mining, manufacturing and construction, a World Bank report claims.

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