Zimbabwe is negotiating a $1.5 billion guarantee with Afreximbank to ensure foreign investors’ funds are protected, central bank Governor John Mangudya said on Wednesday.
Under new President Emmerson Mnangagwa, who rose to power following a defacto military coup that forced Robert Mugabe to resign in November, the government is trying...
MTN Nigeria is discussing its planned listing in Lagos and its business plan at a board meeting on Wednesday, a company source told Reuters.
Africa’s biggest mobile phone operator had planned to list its Nigerian unit in 2017, as part of an agreement with the Nigerian government, but it delayed...
Africa cannot depend on others to finance education on the continent when it has the wherewithal to do so, President Nana Addo Dankwa Akufo-Addo has said.
He said Africa has the resources and capacity to finance access to quality education of its citizens, and also promote the continent’s interests.
"If we...
Botswana’s economy is projected to expand at a faster pace this year compared to last year as the mining sector benefits from a recovery in the global economy, Finance Minister Kenneth Matambo said on Monday.
Presenting the 2018 budget to parliament, Matambo said GDP growth was projected at 5.3 percent...
Nigeria will consider raising $2.5 billion through Eurobonds in the first quarter to refinance a portion of its domestic treasury bill portfolio at lower cost, the head of the Debt Management Office told Reuters last week Thursday.
Patience Oniha said the country will also try to get back into the...
Ouided Bouchamaoui, the 2015 Nobel Peace Prize Co-Laureate, has warned that Africa’s growing youth population could be a plus for Africa or a political time-bomb. This, according to her, depends on how leaders anticipate the future.
In remarks she made at the African Development Bank’s Eminent Speaker Series seminar on...
Kenya’s central bank governor said on Tuesday the country’s interest rate cap was holding back the economy, but still forecast that growth would speed up to 6.2 per cent in 2018.
Patrick Njoroge told reporters in Nairobi that the forecast could go higher in the event of a supportive fiscal...
Egypt’s economy will grow 4.2 percent in the fiscal year that began in July, well below government projections of 5.3-5.5 percent, economists said in a Reuters poll published on Tuesday.
The economy has struggled since the 2011 uprising against Hosni Mubarak drove tourists and foreign investors away, but sweeping reforms...
Recent developments
Growth in Sub-Saharan Africa is estimated to have rebounded to 2.4 percent in 2017, after slowing sharply to 1.3 percent in 2016. The rise reflects a modest recovery in Angola, Nigeria, and South Africa—the region’s largest economies—supported by an improvement in commodity prices, favorable global financing conditions, and...
Algeria has temporarily banned the import of 900 products including cell phones, household appliances and vegetables in a bid to cut a ballooning import bill following a fall in energy earnings, according to an official document seen by Reuters.
The OPEC member has been trying to cut spending since crude...