Egypt has reached a staff-level agreement with the International Monetary Fund for an instalment of about $2 billion more from a three-year, $12 billion loan programme, the IMF said in a statement on Friday.
The payment, which is still subject to IMF executive board approval, will bring total disbursements under...
The UK Ghana Chamber of Commerce (UKGCC) has donated a cash amount of US$2,000 towards the 2017 British High Commission’s Remembrance Day celebrations in Accra.
The event, organized annually in honour of Ghanaian Veterans is to acknowledge Ghanaian Veteran Soldiers who devoted their time and sacrificed their lives for their...
US President Donald Trump has said he does not blame China for the "unfair" trade relationship between the countries, despite long railing against the economic imbalance.
Speaking in Beijing, he gave China "credit" for working to benefit its citizens by taking advantage of the US.
He spoke alongside China's president Xi...
Nigeria was among the 10 economies showing the most notable improvement in the World Bank’s Ease of Doing Business list published on Tuesday.
It rose 24 places in the ranking of countries to 145th place. Nigeria this year introduced initiatives aimed at improving the business environment, such as new systems...
There has been a call for Dubai to avail itself to support the development of Africa’s entrepreneurial eco-system, by helping the continent’s business leaders and entrepreneurs leapfrog developmental challenges.
This was the view of a panel of entrepreneurs who spoke during first day of the 4th Global Business Forum on...
US employers added 261,000 jobs in October, a solid gain that nevertheless fell short of expectations.
Analysts had expected a sharp increase in hiring, after hurricanes Irma and Harvey depressed payroll growth in September.
Wage growth was also slower than expected, while the number of people not in the labour force...
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...
Apple shares have risen to a record high as the tech giant's iPhone X hit shelves around the world.
The launch coincided with strong results for Apple, with sales increasing by 12% to $52.6bn (£40bn) for the three months to September.
The tenth anniversary iPhone, which retails for £999, is Apple's...
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...