Category : ECONOMY

Harare, Zimbabwe  Zimbabwe’s President, Emmerson Mnangagwa, has promised to take decisive measures to halt the ongoing depreciation of the Zimbabwean dollar, which has been plaguing...

Addis Ababa, Ethiopia  Ethiopia’s $1 billion bond restructuring plans have hit a major setback as bondholders rejected the government’s proposed outline, demanding more favorable terms...

In a move aimed at improving foreign exchange accessibility, Ethiopia’s Central Bank has granted operational licenses to five non-bank foreign exchange (forex) bureaus. This decision...

The South African rand faced renewed pressure on October 1, retreating after a two-week rally that had seen it strengthen amid improving investor sentiment. The...

 In response to persistent drought conditions that have ravaged much of Kenya, farmers in the arid and semi-arid regions are increasingly turning to camels as...

Dodoma, Tanzania In a bid to strengthen its financial standing and expand its national reserves, Tanzania has officially launched a new domestic gold-buying program. The...

Ethiopia has embarked on a daring economic journey, supported by a $3.4 billion Extended Credit Facility from the International Monetary Fund. The four-year program, initiated...

The statistics are stark: 54 governments, of which 25 are African, are spending least 10% of their revenues on servicing their debts; 48 countries, home...

In recent talks between Angola’s President João Manuel Lourenço and African Development Bank Group head Dr Akinwumi Adesina, the two leaders discussed a wide range...

In the verdant highlands of Naivasha, Kenya, where the morning mist rises over acres of greenhouses, thousands of workers bend over rows of vibrant roses,...

Top exporter Saudi Arabia giving up its crude oil price target in preparation for expanded production weighed on the market. Brent crude futures were down...

Russia has entered into a satellite technology agreement with several West African military-led governments, strengthening its influence in the region and signaling a new era...

In a bold move signaling deepening political rifts, Burkina Faso, Mali, and Niger have announced their decision to distance themselves from the Economic Community of...

Instagram has introduced a significant change to its platform by making teen accounts private by default as part of its ongoing efforts to enhance the...