The World Bank raised its forecasts for the South African economy on Tuesday but warned that growth potential would remain weak without concerted efforts to reduce inequality and stimulate competition.
The World Bank now sees gross domestic product growing by 1.4 percent this year, up from its September forecast of...
Nigerian President Muhammadu Buhari will be seeking a second term in office in elections due next year, his office has said.
It ends months of speculation about whether the 74-year-old leader plans to run for re-election.
His first term has been beset by poor health, which saw him spend months in...
Zambia’s economy is expected to grow by more than 4 percent this year helped by the mining, agriculture and construction sectors, Finance Minister Margaret Mwanakatwe said.
Economic growth in Africa’s second-largest copper producer rose to 4.1 percent last year, helped in part by higher commodity prices.
Officials had initially targeted at...
The African Development Bank (AfDB) has advised that it is time to process cocoa and produce chocolate in Africa, and to end the continent being at the bottom of global value chains.
AfDB said there is huge opportunity for Africa, the largest producer of cocoa in the world, to rake...
South African President Cyril Ramaphosa has ordered the country’s Special Investigating Unit (SIU) to probe allegations of maladministration at state run-power utility Eskom and logistics group Transnet, the government said on Friday.
Ramaphosa, who replaced former president Jacob Zuma in February, has made the fight against corruption a key plank...
Zimbabwe wants mining firms to list on the local bourse as part of efforts under new president Emmerson Mnangagwa to boost investment and local ownership of its vast mineral resources, a new bill before parliament showed.
Mnangagwa, who took power in November when the military ousted Robert Mugabe after nearly...
The economy of Mauritius is expected to grow by 3.9 percent this year, down from a previous forecast of 4.0 percent in December, due to an expected slowdown in agriculture and fishing activities, the statistics office said on Friday.
The Indian Ocean island economy expanded by 3.8 percent in 2017,...
South Africa will speed up visa processes and lure major conferences in an effort to boost foreign arrivals by 40 percent by 2021, its tourism minister said on Friday.
The new measures are part of a goal to attract five million additional travellers – four million international tourists and one...
The sixth edition of the Africa CEO Forum opened on Monday 26 March under the banner of "African champions: it's transformation time".Â
This major meeting of Africa's private sector, organised by Jeune Afrique Media Group and Rainbow Unlimited, brought together three African presidents, namely Alassane Ouattara of Côte d'Ivoire and...
