By Peter DOYLE Exiting a longstanding currency union – as Burkina Faso, Mali, and Niger propose to do by leaving the CFA franc zone, comprised of West African states that use the French-backed currency pegged to the euro – is not a decision to be taken lightly. For the departing...
Customs and border controls in many African countries remain a governance challenge and that more is needed to achieve free movement of people and goods on the continent, Vera Songwe, Executive Secretary of the Economic Commission for Africa (ECA) has said. Ms. Songwe, speaking at the 2017 Africa Economic Conference...
South Africa will consider partially privatising struggling state-owned companies as part of wide-ranging reforms set in motion by President Cyril Ramaphosa since he came to power last month, the head of the National Treasury said on Saturday. Dondo Mogajane said South Africa was at the end of a credit downgrade...
Zimbabwe's President Robert Mugabe has resigned, parliament speaker Jacob Mudenda has said. A letter from Mr Mugabe said that the decision was voluntary and that he had made it to allow a smooth transfer of power, the Reuters news agency reports. The surprise announcement halted an impeachment hearing that had begun...
During the 36th Ordinary Session of the African Union Assembly, the Department of Health, Humanitarian Affairs and Social Development in partnership with the World Health Organisation (WHO) seeks to work towards the reduction of communicable diseases including HIV/AIDS in Africa. It was noted that the pandemic was raging worldwide...
The African Development Bank and the Coalition for Dialogue on Africa (CoDA) have officially launched a three-year support project to improve regional coherent and coordinated response to illicit financial flows. The project will help African stakeholders actively engaged in stemming such flows to improve domestic revenue mobilisation in African...
BetKing, Africa's leading sports and digital entertainment company, has officially announced its entry into the Ghanaian market with a high-level stakeholder event. During the launch, BetKing conveyed its commitments and plans to be the entertainment and betting platform of choice in the country by providing customers with trusted products, incredible...
On the eve of the U.S.-Africa Leaders’ Summit planned for December 13-15 in Washington, the Corporate Council, in partnership with the African Union and the U.S. State Department, hosted a discussion which was a combination of online and offline, with a number of experts from the United States and...
Tanzania has begun negotiations with creditors over a G20 nations initiative over debt relief, the finance minister said last week Thursday, part of efforts to mitigate negative economic effects sparked by the coronavirus outbreak. The initiative is geared towards delaying debt repayments beginning in May to December 2020, freeing up...
A number of African countries have recently been contesting decisions by credit rating agencies. Some have raised objections that the rating agencies lack understanding of their economic environment. Others have challenged the correctness of their ratings on the basis that the agencies had not discussed them with the country’s...