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.

Uganda backs electric vehicle project it says can lead Africa

2018-04-12 11:37

Uganda’s cabinet has approved a plan to commercially produce electric vehicles, a project it describes as putting it at the forefront of African innovation in the industry.

Zimbabwe to compel mining firms to list on local exchange

2018-04-05 13:24

Zimbabwe wants miners operating in the country to list the majority of their shares on the local exchange as it seeks to boost investment.

Africa needs to extract more value from mining

2018-04-01 08:35

Africa’s heavy reliance on extractive mining is bad news for development as it does not play a part in the prices of the minerals it extracts.

Moti doubles Zim investments as economy seen opening up

2018-03-20 22:00

Moti Group is preparing to double its investments in Zimbabwe to $500m after the removal of Robert Mugabe as president saw the government adopt a more open approach to foreign companies.

Zim changes empowerment laws, opens up economic participation

2018-03-19 13:56

Zimbabwe has sought to open up participation to the country’s economic sectors by legally making changes to the country’s controversial empowerment laws.

Nigerian inflation slows for 13th consecutive month in Feb

2018-03-14 12:00

Nigeria’s inflation has slowed for a 13th consecutive month in February, but may still be too high for the central bank to start cutting rates from a record.

Zim to get forex boost from tobacco sales despite poor quality crops

2018-03-08 10:41

Zimbabwe is expecting a foreign currency boost from tobacco sales, with the 2018 auctioning season starting on March 21.

Nigeria's sticky inflation threatens to curb rate-cut hopes

2018-03-05 13:15

Nigeria’s long-awaited interest rate-cutting cycle risks being short-lived, if it starts at all.

SA could score $4bn chunk of Africa's huge banking potential

2018-03-02 07:16

There is huge room for growth in meeting unmet needs in Africa and if banks can tap into this, there will be massive revenue increase prospects, according to a new study by McKinsey.


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.

BAT loses big as Zim stocks experience weak first quarter

2018-04-05 17:04

Investors on the Zimbabwe Stock Exchange have continued on a downward trend, with all four indices closing the first quarter of 2018 in the red.

Failed bank buyout deal shows perils of investing in Nigeria

2018-04-04 17:53

It looked like a done deal between a Nigerian bank in need of funding and a US private-equity firm keen to stump up the cash. But after documents were signed, it fell apart.

As commodities roar, Africa wants bigger slice of the mining pie

2018-03-22 09:44

One by one, the biggest names in African mining are getting squeezed. The message is clear: the countries where they operate want a bigger share of the proceeds.

How SA, other Africa central banks could move on rates

2018-03-19 15:14

Central banks in five major sub-Saharan African economies are scheduled to announce their interest-rate decisions in the next three weeks, possibly Nigeria too.

IMF extends Kenya's $1.5bn standby loan for six months

2018-03-14 14:41

The International Monetary Fund has approved Kenya’s request for a six-month extension to a $1.5bn standby facility to allow the nation time to complete reviews of the lender-supported program.

Ghana to shake up tax collections as IMF warns over revenue

2018-03-09 11:00

Ghana wants to shake up the way it collects tax with the International Monetary Fund telling the government that it’s not raising sufficient income.

Ghana needs more revenue, fewer spend cuts for goal - IMF

2018-03-06 12:00

Ghana needs to improve revenue collection and can’t keep reducing spending on capital items to achieve its fiscal targets, says the International Monetary Fund.

No sacred cows in fight against corruption, vows Mnangagwa

2018-03-02 14:03

President Emmerson Mnangagwa says he will step up the fight against corruption, amid the expiry of the grace period extended to "looters" who took money out of Zimbabwe illegally.

Fast-growing Ghana economy is even bigger than it seems

2018-02-13 11:08

Ghana plans to publish overhauled economic data that will show its gross domestic product is bigger than currently estimated.

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