ARTICLES RELATING TO AFRICAN ECONOMY

OPINION: African countries are behind on progress towards poverty reduction goals

2019-10-29 20:35

If trends continue, 87% of the world's poorest people will live in sub-Saharan Africa by 2030, says Zuhumnan Dapel.

OPINION: We need to produce what Africa consumes

2018-05-27 10:43

While Africans do not own the technologies they need for their own development, they will forever be glorified hewers of wood and drawers of water, writes Muzi Kuzwayo.

Standard Bank eyes West Africa growth

2018-04-11 05:15

Standard Bank is seeking a banking license in Senegal after opening in Ivory Coast as the lender expands in West Africa’s French-speaking countries.

Africa's richest woman prepares new deals after losing oil post

2017-12-11 15:01

Less than a month after being fired as head of Angola’s state-owned oil company, Isabel dos Santos, says she is studying new deals, including an opportunity in South Africa.

Mozambique sinks deeper into default after missing loan payment

2017-03-22 14:18

Mozambique has missed a $119m payment due on a loan Credit Suisse Group arranged, the second debt repayment the government failed to make in as many months.

Economic plan could be make or break for Nigeria

2017-02-08 18:35

With discontent mounting and Nigeria seeking to raise international debt, lenders and investors are waiting for President Muhammadu Buhari to announce a plan.

African stocks experience worst start to the year

2016-02-01 19:31

Stock market investors across the African continent have experienced one of the worst starts to a year after most stocks recorded heavy losses in January.

Africa's squandered commodity boom erodes US trade promise

2015-08-26 07:49

A fresh US trade pact could provide relief to African economies, but a failure to reform has left countries unable to profit from tariff-free access to the world's largest market.

SABMiller's Delta beer sales down on weak economy

2015-07-17 11:30

SABMiller's Zimbabwean unit Delta says its quarterly lager sales were down 8% compared with the same period a year ago, while sorghum and beer volumes declined.

Africa’s richest man courts private equity to boost Nigerian gas

2015-04-28 08:36

Africa’s richest man, Aliko Dangote plans to quadruple the supply of gas to Nigeria by building pipelines that may be backed by Carlyle Group and Blackstone Group.

 

Nigeria keen to join Africa free trade zone, trade minister says

2019-05-22 05:02

Nigeria will sign the Africa Continental Free Trade Agreement as soon as President Muhammadu Buhari approves an impact-assessment report he asked for, the country’s trade minister has said.

Why you need an Africa strategy

2018-04-23 13:28

It is estimated that by 2050, Africa will account for over half the world’s population. What does this mean for companies who want to do business with its growing number of youthful consumers?

African leaders sign major free-trade deal

2018-03-22 07:54

'This is an opportunity that is going to yield great benefits for all countries on the continent," President Cyril Ramaphosa has said.

The ‘Africa rising story’ was based on faulty logic – here’s how to fix it

2017-10-31 13:47

The GDPs of many African states are indeed rising at impressive rates, but what does this actually mean for the well-being of the continent’s people?

Foreign investment in Ethiopia slumps after business attacks

2017-02-15 08:58

Foreign direct investment in Ethiopia has dropped by a fifth in the first half of the country’s fiscal year after violent anti-government protests in which foreign-owned businesses were targeted.

Africa watches as Kenya prepares to test Eurobond waters

2016-04-03 14:15

Kenya could become the first African country to tap global debt markets this year as it begins a bond roadshow.

Nigeria planning $25bn infrastructure fund - official

2015-10-30 08:41

Nigeria is planning to set up a $25bn infrastructure fund to invest in the transport and energy sectors in Africa's most populous nation, a spokesperson says.

Kenyan millionaire numbers surge at global pace

2015-07-17 11:33

The number of US-dollar millionaires in Kenya will grow at more than double the global rate over the next decade as the economy expands, source.

African leaders to unveil new common market bloc

2015-06-10 08:34

The leaders of 26 African countries have gathered in Egypt to sign a new trade pact to create a common market across half the continent.

Fuel shortages hit Nigeria

2015-03-03 18:06

Nigeria's main cities are facing acute gasoline shortages as importers feel the pinch of a plummeting currency, tighter credit lines and unpaid government subsidies.

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