Blocked funds increasing problem for airlines in Africa - Iata

2018-01-19 17:29

In nine African countries international carriers are unable to repatriate foreign currency earnings, while locally-based airlines experience difficulties too.

Zim has high hopes as Mnangagwa heads to Davos

2018-01-18 18:48

There is an air of renewed hope and optimism in Zimbabwe as President Emmerson Mnangagwa - the first Zimbabwean president to attend the World Economic Forum in Davos - readies for the meeting.

Egypt urban inflation rate drops as currency float shock eases

2018-01-10 10:35

Egypt’s monthly urban inflation rate has fallen for the first time in more than two years as the impact of lifting currency controls eased.

Settling the land compensation issue is vital for Zimbabwe’s economy

2018-01-08 07:35

New Zimbabwe President Emmerson Mnangagwa has to tackle land reform if he's serious about getting the country's economy back on track, writes Ian Scoones.

Lagos set to overtake Johannesburg as 2nd largest African city by GDP

2017-12-24 13:47

Lagos is set to overtake Johannesburg as Africa’s second largest city by gross domestic product by 2035, according to a report by Oxford Economics.

Zim inflation jumps as Mnangagwa sparks revival hopes

2017-12-18 10:23

Zimbabwe’s November inflation has increased to 2.97%, according to data from the Zimbabwe National Statistics Agency.

Export diversification will boost Africa's GDP growth - Lagarde

2017-12-12 20:01

IMF chief Christine Lagarde has extolled the benefits of diversified economies for African countries, saying even minor increases in export diversification could boost GDP growth rates.

Can Zim ride the optimism wave and leapfrog to Economy 4.0?

2017-12-07 06:55

The shift in Zimbabwe has paved the way for reform that could boost the entire SADC region, but this window of opportunity is likely to be short, say Tim London and Sean Gossel.

Mugabe said to have quit over fear of being Zimbabwe's Gaddafi

2017-11-27 17:34

An emotional Robert Mugabe finally agreed to end his 37-rule in Zimbabwe when army generals who’d seized power told him they wouldn’t prevent protesters from storming his home unless he relented, sources have said.

Mugabe leaves behind an economy in tatters

2017-11-21 20:42

Zimbabwe's Robert Mugabe, who has resigned as president, leaves behind an economy in tatters, with an estimated 95% of the workforce unemployed, public infrastructure crumbling and widespread shortages of cash and food.


World, we need you - Mnangagwa's message to Davos

2018-01-19 11:01

Zimbabwean President Emmerson Mnangagwa has made history by responding to questions from ordinary citizens at the #RoadtoDavos meeting, ahead of his trip to the World Economic Forum.

Zim inflation gains 3.46%

2018-01-16 16:30

Inflation in Zimbabwe rose to 3.46% in December, according to data from the Zimbabwe National Statistics Agency.

Tsvangirai: Zim could be on verge of exciting year

2018-01-09 09:41

Zimbabwe’s main opposition leader Morgan Tsvangirai says economic challenges remain a cancer in the body politic, and the onus is on the new administration to inspire hope and confidence.

Zim surpasses 2017 tax collection target

2018-01-05 19:15

The Zimbabwe Revenue Authority says it exceeded its 2017 gross annual revenue targets by 17% on the back of robust strategies to enhance revenue collection.

Fuel shortage in Angola tests new president

2017-12-24 11:34

Angola has suffered fuel shortages, an irony for one of Africa's leading oil producers, and a hardship that some people blame on opponents of the president.

Nigeria takes $1bn from oil savings to fight militants

2017-12-15 12:39

Nigeria will take $1bn from a special account for oil-revenue savings to boost its war against Boko Haram Islamist militants in the country’s northeast.

Chinamasa hailed for tough talk on Zim economy

2017-12-08 11:36

Zimbabwe’s Finance Minister Patrick Chinamasa has presented a National Budget for 2018 that is seen by many as the right step towards the country’s economic recovery.

Bring back the money, says Mnangagwa

2017-11-29 11:00

Zimbabwe's new leader, Emmerson Mnangagwa, is targeting funds and assets externalised during President Robert Mugabe's reign.

How Africa can leapfrog to new competitiveness

2017-11-22 06:01

With the right leadership and foresight, the African continent can sustain and replicate its successes, learn from others and leapfrog to new competitiveness, writes Mills Soko.

CHARTS: How the Mugabe economy highlights challenges for Zimbabwe

2017-11-17 19:01

Zimbabwe’s economy has fallen to the 20th biggest in sub-Saharan Africa from 10th when President Robert Mugabe came into power almost four decades ago.

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