Cameroon’s economic growth rate is expected to slip to 3.7 percent this year, down from an earlier estimate of around 4 percent, due to falling oil production, the International Monetary Fund said on Friday.
The IMF approved a $666 million, three-year extended credit facility in June for Cameroon, which has...
Norwegian fertiliser maker Yara International is considering building a $2 billion plant in Mozambique and may seek partners to share the cost, the chief executive said.
Mozambique awarded Yara a project in January to make ammonia and urea from the country’s gas output, saying the firm could produce up to...
The President of Rwanda, Paul Kagame, is projecting the removal of all continental barriers to allow for free trade in Africa within the next 5 to 10 years.
According to the Rwandan President, the various regional blocs in Africa have done a lot - putting in place the right measures...
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...