Africa's billionaires see decline in fortunes

2016-08-22 14:41

Africa has 41 of the world's 2 473 billionaires who between them hold $98bn of a total of $7.7trn in assets, down from $115bn in 2014, according to a survey.

Chris Duncan: Hero Lager – the shape of things to come in Nigeria?

2016-08-16 14:31

Chris Duncan reflects on SA's successful municipal poll, Nigeria's cancelled election and the country’s ills including a weakening naira, militants and more.

Drought ravages Lesotho as water exported to SA

2016-08-14 16:43

For farmer Mohlakoane Molise, the view of the enormous Katse dam from his smallholding high in the mountains of Lesotho taunts him daily.

Egypt asks IMF for loan to help economy

2016-07-27 21:00

The Egyptian government says it is finalising talks with the International Monetary Fund on a three-year loan programme.

Decade’s peak inflation deepens dilemma for Nigeria

2016-07-26 11:15

Caught between the highest inflation rate in more than a decade and an economy set to contract, Nigeria’s central bank may opt to do nothing.

Zim pressing for more disclosure by listed firms

2016-07-20 15:39

Zimbabwe is pressing for more transparency by listed companies and will start requiring more detailed and lengthy financial statements, executives say.

IMF downgrades sub-Saharan growth rates

2016-07-19 16:34

The IMF has downgraded the 2016 economic growth rates in sub-Saharan Africa by 1.4 percentage points to 1.6%, according to a report.

Chinamasa says sanctions to blame for Zim's cash crunch

2016-07-17 16:00

Zimbabwe's finance minister has blamed sanctions for a cash crunch that has forced the government to delay paying wages and as Robert Mugabe faces popular protests.

CHART: SA closing gap on Nigeria as Africa's biggest economy

2016-07-17 11:45

South Africa, which has regained second place after overtaking Egypt, is closing the gap on Nigeria as Africa’s number one economy.

Startling revelation: IMF not in funding talks with Zim

2016-07-15 16:47

Contrary to what the Zimbabwean authorities have been telling anyone who cared to listen, the IMF says it is not discussing a funding programme with Zimbabwe.


Level of intra-Africa trade scandalous - Jeff Radebe

2016-08-21 10:08

Countries in the South African Development Community region need to come together to bargain for better inter- and intra-Africa trade, says minister Jeff Radebe.

What it means for SA to be Africa's largest economy

2016-08-14 19:00

The rankings of Africa's largest economies do not mean much to the people making economic policy and investment decisions, cautions an expert.

PnP Zim partner's client count up on import curbs

2016-08-12 15:33

Retail outlets in Zimbabwe, among them those carrying the Pick n Pay brand, are seeing increased customer counts after import restrictions were implemented.

Trade-restrictive measures on the increase - WTO

2016-07-27 19:23

The World Trade Organisation has urged member countries to resist protectionism and get trade moving again.

Uganda’s economy shrinks 1.3% in third quarter

2016-07-21 12:08

Uganda's economy has contracted by 1.3% in the third quarter of the financial year ended last month from a growth of 1.7% in the previous quarter.

IMF says Nigeria heading into recession

2016-07-19 20:02

The IMF has slashed its growth forecast for the Nigerian economy this year, saying a combination of plunging oil revenues and weakened investor confidence will push it into recession.

SA accounts for 82% of sub-Saharan overseas acquisitions

2016-07-18 20:00

SA’s overseas acquisitions accounted for 82% of sub-Saharan African outbound mergers and acquisitions activity in the first half of 2016, says Thomson Reuters.

Africa Union step closer to cut reliance on donors

2016-07-17 14:07

The Africa Union has adopted a new funding formula that will help the bloc generate $1.2bn from next year and cut reliance on donors.

Africa 'must grab construction opportunities now'

2016-07-15 17:29

The future of Africa will be unbuilt without the right transformation and if the general attitude does not change, says a construction expert.

Gordhan: Illicit flows rob Africa of jobs, critical services

2016-07-14 11:58

Illicit financial flows threaten Africa's development agenda and reduce resources for investing in jobs and critical social services, says Finance Minister Pravin Gordhan.

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