ARTICLES RELATING TO AFRICA ECONOMY

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.

FDI flows into SA hit 10-year low - report

2016-07-13 16:27

Foreign direct investment into South Africa has dropped by 69% to $1.8bn, its lowest level in 10 years, according to a United Nations report.

It's not SA's place to protest Zim restrictions - minister

2016-07-12 09:38

The Zimbabwean government says SA businesses should not demonstrate against its import restrictions, adding that the measures will stay in place for now.

Angola said to discuss $500m loan with Gemcorp

2016-07-08 14:29

Gemcorp Capital is negotiating with Angola about providing Africa’s biggest oil producer with a loan of about $500m even as the IMF said the country called off talks over financial support.

 

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.

Zim platinum output up 43% in first quarter

2016-07-13 09:07

Zimbabwean platinum miners have ignored policy uncertainties in the country and continued to ramp up production, according to the Reserve Bank of Zimbabwe.

Billion euro investment for Cameroon hydroelectric plant

2016-07-10 13:00

French energy giant EDF and the World Bank are to join the government of Cameroon in funding a $1.2bn hydroelectric plant.

Businesses shut down as protests darken Harare

2016-07-07 07:05

Darkness hung over Harare's central business district after Pick n Pay, OK Zimbabwe, Chicken Inn and Nando's outlets shut their doors ahead of closing time.

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