13/09 Zambia has cut its 2019 economic growth forecast, President Edgar Lungu said on Friday, citing adverse weather conditions that have affected crop production and electricity generation at hydropower plants.
11/09 Mozambique will continue to
negotiate debt restructuring with creditors, despite a court
ruling that a government-guaranteed $850 million Eurobond issued
by the state fishing company Ematum SA in 2013 was illegal, the
finance minister said. . .
09/09 Creditors holding 99.5% of
Mozambique's Eurobond support its debt restructuring proposal,
the country's government said in a statement on Monday, paving
the way for an overhaul of part of its heavy debt burden.. . .
09/09 Malawi forecast gross domestic
product (GDP) will expand by 5% in 2019 and by 7% in 2020 as the
return of rainfall after severe drought boosts agricultural
production, Finance Minister Joseph Mwanamvekha said on. . .
04/09 Morocco's trade deficit widened by 4.3% to 122.8 billion dirhams ($12.7 billion) in the first seven months of 2019 compared with the same period last year, the country's foreign exchange regulator. . .
25/08 Tanzania's central bank has given banks and financial institutions three months to establish data centres in the East African nation, saying it will impose hefty fines on lenders that fail to. . .
22/08 South Sudan has made a small oil
discovery in Northern Upper Nile State, its first since
independence in 2011 when exploration was interrupted by war and
instability, the oil minister said on Thursday.. . .
22/08 Phelekezela Mphoko, a former deputy to ousted Zimbabwe president Robert Mugabe, was charged on Wednesday with criminal abuse of office, his lawyer said, in the latest move by the new anti-corruption. . .
21/08 Zimbabwe's month-on-month inflation rate fell to 21.04% in July compared to 32.96% the previous month as prices of basic goods increased at a slower pace, statistical agency ZIMSTATS said on Wednesday.. . .
15/08 Kenya has approved its first ever issuance of a green bond, which will raise 5 billion shillings ($48.45 million) for student accommodation, the capital markets regulator CMA said on Thursday.. . .
13/08 The harvest for Ivory Coast's
main cocoa crop could start at the beginning of September, weeks
earlier than last year because of heavy rain over the past
month, farmers told Reuters on Tuesday.. . .
11/08 The Kingdom of eSwatini is looking at cutting cabinet ministers' housing, travel and entertainment allowances as part of attempts to revive the economy of the southern African country formerly known as. . .
08/08 A Kenyan parliamentary committee recommended on Wednesday that the government should reject KCB Group's acquisition of the majority state-owned National Bank of Kenya and instead raise capital by selling additional shares.. . .
07/08 Kenya has sent out invitations to international commercial banks to subscribe to a syndicated loan worth up to 150 billion shillings ($1.45 billion), the Business Daily reported on Wednesday.. . .
06/08 Ivory Coast and Ghana will not
sell cocoa from the 2020-21 crop for less than $2,600 per tonne,
Ivorian President Alassane Ouattara said on Tuesday, affirming
his country's resolve to stick to a deal. . .
06/08 Ghana will raise cocoa farmgate prices by 5.2% for the 2019/20 season, the first increase in four years, following strong sales of export contracts to chocolate makers and cocoa houses, industry. . .
02/08 Zimbabwe's central bank said on Friday its first Treasury Bill auction in seven years, aimed at raising $3.25 million, was oversubscribed more than four times as the government started open market. . .
01/08 Nigerian stocks fell to their lowest level in more than two years on Thursday after shares in the banking sector and Dangote Cement declined.. . .
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