South Africa’s seasonally adjusted Absa Purchasing Managers’ Index (PMI) rose to its best level in five months helped by an increase in new sales orders, a survey showed on Wednesday.
The index, which is compiled by the Bureau for Economic Research and gauges manufacturing activity in Africa’s most industrialised economy,...
The African Development Bank said on Tuesday it could consider an additional $400 million for Nigeria to support its growth and recovery efforts and was in talks with the government on how to help it reinvigorate Africa’s largest economy.
The bank had been in talks with Nigeria for around a...
Nigeria’s Central Bank Governor Godwin Emefiele said last week Friday he expected inflation rates to fall at a faster pace and hit high-single digit rates mid-next year.
“We are very optimistic that food prices will come down, and as they come down it will help to complement the reduction in...
Africa gas market tiny but growing fast
Electricity generation is main growth driver
Unified pricing system tough in undeveloped markets
Africa should develop a gas pricing index based on the cost of electricity set midway between existing global benchmarks to ensure fairer pricing in new export projects on the...
Governments must be held accountable for African countries’ slow progress on global education goals since underperforming schools and teachers are usually victims of a dysfunctional system, the U.N.’s cultural agency UNESCO said last week Wednesday.
Sub-Saharan Africa falls behind other parts of the world by most education standards, with one...
Africa needs 11 million more doctors, nurses and teachers by 2030 to prevent a “social and economic disaster” that could propel millions to migrate, the United Nations said last week Thursday.
It said the 11 million were needed to help the continent cope with a booming population, with the number...
The World Health Organization has revoked the appointment of Zimbabwe's Robert Mugabe as a goodwill ambassador following a widespread outcry.
"I have listened carefully to all who have expressed their concerns," WHO head Tedros Adhanom Ghebreyesus said in a statement.
He had previously praised Zimbabwe for its commitment to public health.
But...
“It is expected to be granted in the second quarter of 2018,” Lindiwe Mekwe, acting CEO of the Petroleum Agency of SA, told Reuters.
France’s Total stopped drilling off South Africa’s southern coast in 2014 after experiencing mechanical problems with its rig in rough sea conditions.
It operates Block 11B/12B, where...
Acacia’s majority owner, Barrick Gold, said on Thursday it had agreed with Tanzania for Acacia to hand over the money and a 16 percent stake in three of its mines and to split the “economic benefits” from those operations].
The agreement appeared to be the first step towards a resolution...
UK financial regulators and the Serious Fraud Office are to review if banks HSBC and Standard Chartered are linked to a South Africa corruption scandal.
It comes after Lord Peter Hain said the banks may "inadvertently have been conduits" for laundered money.
The Labour peer told the House of Lords that...