AFRICA

news on african economy

UN Launches Africa’s High-Level Migration Panel

The UN Economic Commission for Africa (ECA) has established a High-Level Panel to help forge a political consensus to address the challenges of migration and save lives on the African continent. Abdalla Hamdok, the Acting...
South African Parliament To Debate Zuma’s Impeachment Motion On Tuesday

Economic recession hits South Africa

South Africa has entered recession for the first time in eight years, data from Statistics South Africa showed on Tuesday. Data from Statistics South Africa in Pretoria showed the first quarter contraction was led by...

ECOWAS approves Morocco’s membership application

The Economic Community of West African States, ECOWAS, has in principle, approved Morocco’s membership application. despite the country being in North Africa. But Ecowas leaders meeting in Liberia said the implications of its membership still...

African corruption: Read how much Yahya Jammeh stole

The Gambia’s former president, Yahya Jammeh stole “at least” $50m from the state before he left the country in January. According to the justice minister, Jammeh withdrew the money via a state telecoms company. The BBC...

Yahaya Jammeh, Former Gambia President finally lands in trouble

The exiled former President of the Gambia, Mr. Yahya Jammeh, is in trouble following the seizure of his assets. The personal assets of Jammeh been frozen included bank accounts and local companies in his name. Justice...
President Mugabe To Censor Internet Usage In Zimbabwe

Beware of excessive spending – IMF warns Zimbabwe

The International Monetary Fund (IMF) has warned Zimbabwe against excessive spending as this may worsen cash shortages and ultimately fuel inflation. The IMF said this in a statement after a two-week mission to the southern...
Nigeria’s inflation projected to cross 12% threshold

Ghana inflation rises to 13.0% in April in higher transport costs

Higher transport costs helped drive Ghana’s annual inflation rate higher to 13.0 per cent in April from 12.8 per cent the previous month, the statistics office said on Wednesday. The government of President Nana Akufo-Addo...
Sierra Leone GDP to recover to 4.3 pct as Ebola shock subsides -IMF

Sub-Saharan Africa economy to recover slightly in 2017 –IMF

Economic growth in sub-Saharan Africa should recover slightly to 2.6 per cent this year after a more than two-decade low in 2016 as commodity exporters face lower prices, the International Monetary Fund said on...
Afreximbank Disburses $20bn Loan To African Airlines

Afreximbank offers Egypt $300m industrialisation grant

  - Afreximbank offers Egypt $300m industrialisation grant The African Export-Import Bank (Afreximbank) has granted a $300-million financing facility to the National Bank of Egypt (NBE) to support Egypt’s industrialisation efforts. President of Afreximbank, Dr. Benedict...
Governor of Ghana’s central bank, Abdul-Nashiru Issahaku

Ghana Central Bank Governor Resigns

The Governor of Ghana’s central bank, Abdul-Nashiru Issahaku has resigned. This was made known to journalists by anonymous source. According to the AFP, sources within the central bank, said the governor who officially started his...

Ex Egyptian President Mubarak to be released from detention

Hosni Mubarak, who was overthrown as president of Egypt in an uprising in 2011, will be released from detention in a military hospital, the public prosecutor ruled on Monday, his lawyers and judicial sources...
South African Parliament To Debate Zuma’s Impeachment Motion On Tuesday

South Africa revokes withdrawal from ICC

The South African government has revoked its intended withdrawal from the International Criminal Court. The decision came weeks after the Gauteng High Court in Johannesburg ruled that the country’s move was unconstitutional and invalid, The country’s...

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