SA, other Africa central banks set to shift gear on rates as turmoil takes toll

2018-09-19 06:45

Central banks around Africa - poised to reveal their first response to the emerging-market turmoil of the past month - are likely to usher in an end to the continent’s easing cycle.

WATCH: Surviving in Zimbabwe's cashless economy

2018-07-27 13:47

One of the most pressing issues ahead of Zimbabwe's election is a severe lack of US dollars - forcing many to adopt parallels methods of paying for their daily needs.

Cities to play increasingly important part in Africa’s development

2018-06-14 17:17

Africa’s burgeoning big cities will play an increasingly central role in the continent’s growth and development, driven largely by Africa’s rapid urbanisation.

Zim gets $1bn Chinese loan for power generation

2018-06-02 12:00

Zimbabwe has concluded a $1.4bn agreement with the Export–Import Bank of China to expand power generation and help alleviate the country's perennial electricity shortages.

Consumers queue for fridges amid price hikes as Zim economy falters

2018-05-28 20:46

Despite the pledge of Emmerson Mnangagwa's administration to end cash shortages and right the economy, the desperation shown by companies and consumers in Zimbabwe point to a different reality.

Senegal's economy almost a third bigger after data overhaul

2018-05-24 13:06

Senegal’s economy is almost a third bigger than previously estimated, after the West African nation’s statistical agency changed its base for measuring GDP.

African nations want to recover stolen assets

2018-05-20 16:12

The Commonwealth secretary says Africa is losing billions of dollars annually to corruption, urging the anti-graft tsars to "fight against this tsunami".

Why nuclear power for African countries doesn't make sense

2018-05-16 07:55

Many countries, including Egypt and Kenya, enjoy ample sunshine, making them ideal for solar power generation. With the right incentives, these could drive an African energy generation boom, says Prof Hartmut Winkler.

IMF urges Nigeria to expand tax base, streamline currency policy

2018-05-08 14:27

Nigeria should widen its tax revenue base to finance growth-enhancing upgrades to infrastructure and social programmes, says an IMF official.

Zimbabwe's ex-finance boss Tendai Biti sees potential $100bn economy

2018-04-20 11:22

Zimbabwe’s opposition could expand the size of the economy more than fivefold to $100bn within eight years if it wins this year’s elections, says a former finance minister.

 

Secure ownership rights critical for successful wealth creation - report

2018-09-17 21:11

Safety and security as well as strong ownership rights are among the top factors needed to encourage growth in wealth in African countries, research shows.

Ghana growth targets at risk as banks pull brakes on lending

2018-07-12 16:29

A reluctance by banks in Ghana to lend is threatening to stall one of Africa’s fastest expanding economies.

Zimbabwe opposition wants to join the rand

2018-06-08 06:15

Zimbabwe's coalition of opposition parties, the MDC Alliance, says it will join the Southern African Customs Union and the Multilateral Monetary Area if elected at the polls in July.

Zim parly talks tough after second Mugabe no-show amid missing diamond billions

2018-05-29 21:21

Zimbabwe's parliament says it will write ex-president Robert Mugabe a final letter to give evidence about the diamond sector in which $15bn went missing, after he ignored a summons for the second time.

Over 50% of companies in Africa victims of financial crime - report

2018-05-25 09:20

Africa has a higher percentage of companies affected by financial crimes than the global average, according a Thomson Reuters survey.

Zanu PF aims to move Zim from pariah to global partner

2018-05-22 06:32

Zimbabwe's ruling Zanu PF says that if it is re-elected in the forthcoming elections, it will focus on opening the country for business, fighting corruption and making land productive again.

Zim gets first UK funding in 20 years

2018-05-18 10:44

The UK government, in partnership with Standard Chartered Bank, will provide $100m to be loaned to the private sector in Zimbabwe.

Zimbabweans livid as beer taps running dry

2018-05-09 16:15

Social media is abuzz in Zimbabwe after its biggest brewer Delta Corporation said it is running out of ingredients for alcoholic beverages and soft drinks owing to difficulties in paying foreign suppliers.

Brighter outlook for anglophone West Africa - Ecobank

2018-05-07 14:59

The economic forecast for Anglophone West Africa is looking brighter according to analysis by Ecobank’s research team.

Zimbabwe elections critical for economic growth, says Biti

2018-04-19 12:19

Zimbabwe’s elections scheduled to take place this year will be the most important in a generation and critical to restoring democracy and economic growth, says opposition politician Tendai Biti.

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