Morocco-UAE’s Joint Communique Hails Bilateral Relations
Rabat – Morocco and the UAE reiterated on Tuesday their commitment and determination to sustain the momentum of their bilateral relationships and strengthen them to...
Category : ECONOMY
Zambia’s Plan to Revamp Its Flailing Economy? Divine Intervention.
When Zambia’s currency dropped to an all-time low last month, earning itself the bottom-ranking slot on Bloomberg’s scale, President Edgar Lungu came up with a...
India-Africa Forum Summit: A New Twist to Modi’s Foreign Policy?
India’s trade with Africa has increased from $39 billion in 2009-10 to $71.4 billion in 2014-15, with the surge in exports. On the other hand,...
Ethiopia is Facing its Worst Drought in 30 years. Can The Government Stop Famine This Time?
Farmers in North Wollo, the most drought-sensitive area of the country, say their crops have failed. Arron Reza MeratGlobalPost NORTH WOLLO, Ethiopia — For decades past, poor...
South Africa’s Rand Slips, Stocks To Open Higher
South Africa’s rand on Friday ended a recent rally after stronger-than-expected U.S. inflation data lifted the dollar, while stocks were expected to open higher. By...
Cairo To Cape Town: New Free Trade ‘Super Bloc’ Huge For African Economy
The following opinion piece was written by Calestous Juma, who is professor of the Practice of International Development at Harvard Kennedy School, and Francis Mangeni, who...
Chinese Investments in Africa Help Revitalize Africa’s Economy
China’s role in helping revitalize infrastructure and financial investment acrossAfrica is gaining momentum ahead of the forthcoming Forum on China-Africa Cooperation(FOCAC) summit set to be...
Revenues From Nigeria Oil Sales Decline Sharpy
Revenues from Nigeria oil sales decline sharpy: official Lagos (AFP) – Revenues from Nigeria’s oil sales declined by over two-thirds between September last year and...
Liberia Struggles To Regain Economic Footing After Ebola
Liberia needs two years to regain its economic footing after it was battered by the Ebola epidemic, as it moves to boost access to electricity...
Good News For US Economy Gives Oil A Lift
Oil prices edged up on Friday, boosted by stronger than expected US economic data, although the longer-term outlook for energy markets remains weak due to...
BRICS Bank Expected To Boost Investment In Africa
African countries are expecting the New Development Bank BRICS (NDB) to offer developing countries a more convenient alternative funding source besides the existing international financial...
Implats Revs Up Refinery Plans After Zim Unit Declines
Zimplats appears to be yielding to demands that it carries out more beneficiation in Zimbabwe. Tawanda Karambo HARARE – Zimbabwe has adopted a mineral beneficiation...
Deri Slams ‘Intelligence Failure’ In Egypt Gas Find
Economy minister criticizes fellow minister Steinitz for leaving Jerusalem in the dark over massive reserves found off neighbor’s coast Economy Minister Aryeh Deri speaks with...
UAE, Somalia Vow To Enhance Bilateral Ties
Somalia’s President Hassan Shaikh Mahmoud visited the United Arab Emirates on Sunday, discussing ways to strengthen bilateral ties, state news agency WAM reported. The Crown...
Five Ways China’s Economic Crisis Will Affect Africa
Signs of an economic slowdown in China have led to fears of a global recession, including Africa, given the close ties it has built...
Africa’s Squandered Commodity Boom Erodes U.S. Trade Promise
A fresh U.S. trade pact could provide relief to African economies buffeted by the commodities slump but a failure to reform during the boom years...
African With Fake US Dollars Drives Into CIQ Complex
An African national, believed to be involved in a black-money scam, took a wrong turn and ended up driving his vehicle containing hundreds of pieces...
Stop Wasting Your Time, Yoweri Museveni Tells Raila Odinga In Sugar Imports Dispute
By YASIIN MUGERWA & LINET WAFULA Ugandan President Yoweri Museveni on Friday told off Cord leader Raila Odinga for opposing the sugar deal with Kenya saying...
Perspectives from Egypt; Here’s hoping el-Sisi has the right idea because the Egyptian People Deserve To Have A Fighting Chance
Editorial President Abdel Fattah el-Sisi hopes to shift the economic reliance from tourism to world trade with the opening of the new canal Time has...
Ethiopia, Nigeria Say Today’s Children Will Be Richer Than Their Parents, Kenya And Tanzania Not So Sure
In many countries, the young are more optimistic than the old – perhaps because the parents did not end up as successful as they had...