Category : ECONOMY

African governments are failing to prioritise their spending on necessities that could boost the fight against extreme poverty. According to ONE, public spending by African...

AMCON has announced Skye Bank PLC as the preferred bidder for the acquisition of the entire of the Mainstreet Bank Limited. AMCON announces preferred bidders...

  By: Farhaanah Mahomed   This is according to the International Monetary Fund (IMF) who led a staff mission to the island for its first...

Y. KIT WU John Dramani Mahama, president of the Republic of Ghana, gives a public address at the Institute of Politics on Friday afternoon. Speaking...

The minister of Homeland Veterans of the Republic of Namibia, Nickey Iyambo, who heads a delegation from his country, arrived on Tuesday, in Luanda, for...

Ethiopia, Egypt and Sudan held the first meeting of the Tripartite National Committee meeting over the weekend starting Saturday (September 20) and concluding on Tuesday...

Last April, the world woke up to learn that Nigeria’s economic growth had surpassed those of other African states. Accordingly, her economy increased by 89...

Tangiers Petroleum (LON:TPET, ASX:TPT) is to raise $1.2mln to bolster working capital and support the company as it assesses new ventures. It will place 200mln new...

The South African Reserve Bank kept its benchmark interest rateunchanged as concerns about slowing economic growth outweigh inflation worries. The repurchase rate was kept at 5.75...

Egypt has entered into a $500 million loan with the World Bank to provide natural gas to households in Egypt. According to Najla Ahwani, Minister...

Cabinet has approved a package to close the funding gap at Eskom, the National Treasury said on Sunday. The package, approved at a special Cabinet...

Athens – Greece’s top privatisation project, the long-awaited development of the former Athens airport, is facing new delays after a court found procedural problems in...

                            The Bank of Baroda emerged the most profitable bank for the...

By ADRIENNE KLASA South Africa, Africa’s second largest economy, has narrowly avoided slipping into recession after second quarter growth figures rebounded by 0.6 percent. The economy...

The European Union (EU) through the European Development Fund (EDF 11) has allocated the East African Community 85 million Euros for 2016 to 2020 period....

  MEP Paul MURPHY (GUE/NGL, IE) and MEP Marie-Christine VERGIAT (GUE/NGL, FR) The International Monetary Fund said on Friday it had completed a review of its loan programme...

By Nigel Wilson Algeria’s president Bouteflika walks with nephews after casting ballot during parliamentary elections in Algiers(Reuters) Algeria has announced a new investment plan to be...

The Governor of Nigeria’s apex bank, the Central Bank of Nigeria, Mr. Godwin Emefiele, has described Nigeria’s first Mobile Money Super Agent Network, Glo Xchange,...

New fighting has broken out in South Sudan, forcing aid workers to take cover in a city where more than 40,000 civilians are huddled in...