Category : ECONOMY

Finance Minister Seth Terkper says Ghana faces a potential fall in revenue this year mainly from the fall in global crude oil prices. The Minister also warns...

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By PAUL REDFERN IN SUMMARY After revising their economies recently to incorporate new sectors, the GDP figures for East African countries are now higher. New statistics...

Algeria’s minister of energy says the country could boost oil production to compensate for the dramatic drop in oil prices. Youcef Yousfi told the parliament...

By Justin Yifu Lin (China Daily) The core of the “One Belt and One Road” initiative, the creation of a Silk Road Economic Belt and...

This was as the primary sectors in particular struggled. Analysts were hoping for a stronger growth number during the fourth quarter. The World Bank’s Global...

  BY ELIAS BIRYABAREMA Kenya: Expectations that Uganda will spend more than planned ahead of an election due in early 2016, pose risks for investors...

Egypt says importing gas from Israel is a possibility as the country is plagued with its worst energy crisis in decades, Press TV reported. Answering...

Chinese Foreign Minister Wang Yi said Tuesday that China is seeking a win-win cooperation with Cameroon on the basis of the African country’s development need....

Eskom forked out billions of rand to buy diesel to boost the grid(SABC Eskom has dismissed having any knowledge of reports that it is broke....

Chinese Ambassador to Zambia Yang Youming said on Friday that Chinese firms operating in Zambia will not halt their operations following the change of the...

The year 2014 for Sub-Saharan Africa did not have a particularly good year. There were internal conflicts in South Sudan, and Central African Republic. Nigeria’s...

Zimbabwe’s President Robert Mugabe is seen with Vice Presidents Phelekezela Mphoko (R) and newly-sworn in Emmerson Mnangagwa (L) at the State House in Harare,  China...

Workers at the Merkato in Addis Ababa, Ethiopia. The Merkato is one of the largest open-air markets in Africa.Ilia Torlin / Shutterstock.com   Written by...

The good news for Egypt: Inexpensive oil means the government needs to spend less on its fuel subsidies for its energy-hungry population of 86 million...

The sharp decline in world petroleum prices – hailed as a bonanza to millions of motorists in the United States – is threatening to undermine...

THE Reserve Bank of Zimbabwe on December 5 unveiled a set of new bonded coins worth $10 million, which as started circulating on December 18,...

Following the restructuring of its plants in Britain and Kenya, Tata Chemicals Limited (TCL) is hoping to generate profits from its plants in Kenya this...

Egypt will pass laws next week related to mining and the allocation of industrial land as it pursues reforms to attract foreign investors deterred by...

Pura Vida Energy has secured a better shot at making a 1.4 billion barrel oil strike in its Mazagan permit off the coast of Morocco...