ARTICLES RELATING TO AFRICA ECONOMY

Ghana reaches agreement with IMF on $1bn aid

2015-02-26 16:00

Ghana has reached an agreement with the IMF for a three-year aid deal worth around $1bn aimed at restoring fiscal stability to the West African state, a source says.

BAT toughening it out in Zim

2015-02-23 17:36

British American Tobacco has posted net profit of $13.45m despite depressed consumer spending, rising unemployment and a continued rise in sin tax.

Zim living conditions worsen - survey

2015-02-18 12:12

Living conditions for most Zimbabweans have taken a turn for the worst, according to a survey which shows 44% of Zimbabweans skip a meal.

Algeria aims to double diesel, petrol output

2015-02-17 12:00

Algeria plans to double its petrol and diesel output when three new oil refineries start production in 2018, says the head of refining department at Sonatrach.

Russian firm wins tender to build Uganda refinery

2015-02-17 11:30

A consortium led by Russian firm RT Global Resources has won the deal to build and operate Uganda's $2.5bn crude oil refinery, according to a report.

No uranium spill after mine blaze

2015-02-15 15:20

A fire that broke out at the product recovery plant of the Rio Tinto-owned Rossing Uranium mine in Namibia has not caused a uranium spill.

Zim calls for wage freeze as union conflict looms

2015-02-12 09:48

Zimbabwe's central bank chief says the economy is too depressed to allow for salary hikes, setting the stage for a bitter conflict with trade unions.

SA-owned Zim mine on course for platinum refinery

2015-02-04 20:15

Impala Platinum-owned Zimplats is on course to operationalise its base metal refinery by June next year, according to chief executive Alex Mhembere.

Libya tries to overcome flour shortages

2015-02-04 19:45

Libya's internationally recognised government says it has started tapping into its strategic wheat reserves to ensure bread supplies.

Mugabe: African Union kow-tows to West

2015-01-30 08:20

President Robert Mugabe believes African Union policies aim to please the West, and says he will make the body a global leader if he becomes its chairperson.

 

Nigeria will call emergency Opec meeting

2015-02-24 11:10

Nigeria will call an extraordinary meeting of Opec if crude oil prices slip any further, in a sign of growing alarm over the impact of oil's collapse on oil

Mine expansion plans in Zim under threat

2015-02-18 18:35

Mine expansion plans for companies in Zimbabwe and the growth of the crucial industry is now under threat because of continued depressed metal prices.

Plan to boost trade between SA and Kenya

2015-02-17 12:00

Businesspeople in SA and Kenya need to work on the synergies that would give life to political commitments, says the dti.

Zim inflation in the negative

2015-02-17 11:38

Zimbabwe’s inflation is in the negative again after shedding 0.48% to end the month of January 2015 at -1.28%, against the December rate of -0.80%.

Zim receives EU aid after decade of sanctions

2015-02-16 15:48

The EU has given Zimbabwe $267m, the first time the bloc has given financial aid to the southern African nation's government since imposing sanctions in 2002.

Namibia's CPI slows in January

2015-02-12 11:35

Namibia's consumer inflation has slowed slightly year-on-year in January, says the statistics office.

Anatomy of Nigeria’s $20bn “leak”

2015-02-07 07:00

In 2013, Nigeria's then central bank governor wrote to President Goodluck Jonathan claiming that the state oil company has failed to remit billions of oil revenues.

Nigeria slashes 2015 budget as oil price slumps

2015-02-04 20:15

Nigeria has more than halved capital expenditure to less than 10% of 2015 spending, axing badly needed infrastructure investment due to the collapse in the price of oil.

Testing times for Africa

2015-02-02 07:52

African economies need to adjust if they are to sustain prosperity, says Daniel Silke.

Mining and tourism pivotal to Zim economy

2015-01-29 20:26

Zimbabwe is to focus more on mining, tourism and agriculture to offset its economic decline as experts say recurrent spend is leaving infrastructure funding gaps.

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