17/10 Ghana's economic growth slowed sharply to 5.4 percent year-on-year in the second quarter of 2018, compared to around 11 percent in the same period last year, the statistics office said on Wednesday.
19/10 Panafrican banking group Oragroup plans to raise 56.92 billion CFA francs ($101 million) via the largest ever initial public offering (IPO) on the Abidjan Stock Exchange (BRVM), the company said on. . .
18/10 Nigeria's state oil firm NNPC has
extended its crude-for-product swap contracts, the country's
main avenue to meet the bulk of its fuel needs, until June
2019, sources familiar with the matter said.. . .
15/10 Sixty people were killed after a
fire broke out on Friday on an oil pipeline in the southeast of
Nigeria, a spokesman for the National Emergency Management
Agency (NEMA) said on Monday, up from. . .
14/10 C ongolese migrants and officials said dozens of
people were killed this month in neighbouring Angola in a
crackdown on artisanal diamond mining, an accusation Angolan
security forces strongly denied.. . .
03/10 Libya’s state oil company
National Oil Corp (NOC) said on Wednesday it had postponed a
conference in the eastern city of Benghazi for 15 days following
an attack on its Tripoli headquarters last month.. . .
03/10 Liberia's central bank did not lose more than $100 million in newly printed notes, its governor said on Tuesday, disputing prior government statements that have sparked outrage and a federal investigation.. . .
02/10 Zambia's Finance Minister Margaret Mwanakatwe said on Tuesday she will meet with top International Monetary Fund (IMF) officials next week in Indonesia as Africa's no.2 copper producer tries to address mounting. . .
30/09 A Nigerian umbrella trade union
suspended a nationwide strike on its fourth day on Sunday, after
the government agreed to hold a meeting to discuss increasing
the minimum wage, a union official said.. . .
29/09 The International Monetary Fund on Friday approved the payment of a $245 million loan tranche to Tunisia, the fifth under its loan programme with the North African country, an official source. . .
28/09 Botswana's economy expanded by 2.4 percent in the second quarter of this year from the previous three months after contracting 1.5 percent in the first quarter, data from the statistics office. . .
27/09 Morocco’s Banque Centrale Populaire (BCP), one of the country’s biggest lenders, said on Thursday that its first half net profit rose by 1.8 percent due to improved operating risk management.. . .
26/09 Ghana's cocobod regulator expects the country's annual cocoa output to rise to 1 million tonnes and more in a few years, boosted by enhanced farming methods such as artificial pollination, its. . .
24/09 Nigeria's Stock Exchange
suspended trading in the shares of Skye Bank on
Monday after the central bank withdrew the lender's operating
license and created a bridge bank to take over its assets.. . .
19/09 Fifteen Liberians, including the son of former president Ellen Johnson Sirleaf, are banned from leaving the country while the government investigates the whereabouts of $104 million in missing cash intended for. . .
04/09 Rwanda's Bank of Kigali has sold a 30 percent stake in its general insurance business to Swan General of Mauritius for 860 million francs ($978,116.13), the bank's chief financial officer told. . .
01/09 Kenya's revenue authority
imposed a 16 percent value added tax on all petroleum products
on Saturday, defying lawmakers who had voted earlier this week
to delay the levy for two years due to concerns. . .
30/08 The Kenyan parliament voted on
Thursday to retain the cap on commercial interest rates which
the International Monetary Fund has insisted must be scrapped or
modified in return for a new standby arrangement.. . .
29/08 Cocoa firms
operating in Cameroon have moved staff out of the Anglophone
region of the country and farmers are abandoning their crops in
the area, as violence between separatists and security forces
intensifies, exporters and. . .
24/08 A Kenyan parliamentary committee has proposed that the east African economy retains the upper limit of commercial lending rates at 4 percentage points above central bank rate, as passed into law. . .
22/08 Zambia has raised its 2018 forecast for the country's fiscal deficit to 7.8 percent of gross domestic product from an initial estimate of 6.1 percent, governor Denny Kalyalya said on Wednesday.. . .
20/08 Poor liquidity within Ivory Coast's banking system caused by the collapse of the top cocoa producer's largest domestic exporter risks hindering exports at the start of the upcoming main crop, exporters. . .
15/08 The Sidi Rezine refinery
in the Algerian capital Algiers will come back online at the
beginning of 2019 with an estimated output of 3.6 million tonnes
of refined products, a senior official at state. . .
14/08 Ethiopian Airlines plans to build a new airport with annual capacity of 80 million passengers in Bishoftu, about 48km southeast of the capital Addis Ababa, state-affiliated media said on Tuesday.. . .
10/08 A huge oil refinery being built
in Nigeria by Africa's richest man is unlikely to start
production until 2022, two years later than the target date,
sources with direct knowledge of the matter said.. . .
07/08 A lack of liquidity in Kenya's money markets has sent the overnight interbank lending rate above the three-month Treasury bill yield and curbed demand for government securities at the weekly auction,. . .
31/07 Heavy debt exposure to Ivory Coast's largest domestic cocoa exporter, which was ordered into liquidation this month, risks destabilising the West African nation's banking sector, bank officials said on Tuesday.. . .
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