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Saturday, December 14, 2019

Economy

Macroeconomic management weakens, while social inclusion improve slightly in Africa

Debt sustainability concerns on the rise Africa's poorest countries saw little to no progress on average in improving the quality of their policy and institutional frameworks in 2018, according to the World Bank's annual Country Policy and Institutional Assessment (CPIA)...

Africa inches toward historic free trade era

The African Union launches the "operational phase" this weekend of a long-awaited trade accord, but analysts say the continent faces an uphill task to transform the pact into reality.The 55-nation AU, gathering...

Growth in sub-Saharan Africa remains below 3%, 3 yrs after crisis – World Bank

Growth in Sub-Saharan Africa has been downgraded to 2.3 percent for 2018, down from 2.5 percent in 2017, according to the April 2019 issue of Africa's Pulse, the World Bank's bi-annual analysis of the state of African...

South Africa’s FDI inflows hits 5-year high in 2018

South Africa’s foreign direct investment (FDI) inflows rose to a five-year high of 70.7 billion rand ($4.9 billion) in 2018 from 26.8 billion rand the prior year, the central bank said on Wednesday, despite outflows in...

Growth in sub-sahara Africa is slower than expected – World bank

Sub-Sahara African economies are still recovering from the slowdown in 2015-16, but growth is slower than expected, according to the October 2018 issue of Africa's Pulse, the bi-annual analysis of the state of African economies by...

IMF warns of Africa rising debt despite economic growth

Sub-Saharan African nations are at growing risk of debt distress because of heavy borrowing and gaping deficits, despite an overall uptick in economic growth, the International Monetary Fund warned on Tuesday. The sober assessment comes as African countries continue to...

S. Africa Reserve Bank says growth recovery at risk for lack of policy clarity

South Africa’s recent economic growth turnaround is unlikely to last as 2017’s boom fades and the outlook for reform remains murky, the central bank said on Tuesday. The South African economy expanded by a surprising 1 percent in 2017 as...

IMF says Namibia’s economy to end 2017 in negative

Namibia's economic growth is expected to enter negative territory in 2017 compared to a growth of 1.1 percent last year, the International Monetary Fund (IMF) said on Tuesday at the end of its mission to the Southern African country. The...

Report show Libyans now swap jewelry for medicals

In a square behind Libya’s central bank, black market dealers, some of them armed, carry small plastic bags filled with dollars and larger ones with dinars in and out of one of many informal exchanges. Traders buy food and other...

Tanzania to nationalize diamond seized from Petra Diamonds

Tanzania said it planned to nationalize diamonds whose value it put at $29.5 million belonging to a mine majority owned by London-listed Petra Diamonds after it accused the miner of under-declaring its mineral exports. The diamonds were seized at the...
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Latest News

Six killed in rebel attack on eastern DR Congo

Rebels again attacked a city at the center of the Ebola outbreak in eastern Congo, killing at least six...
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Court jails Sudan’s Omar al Bashir for corruption

A court in Sudan convicted former President Omar al-Bashir of money laundering and corruption on Saturday, sentencing him to two years in a rehabilitation...

Twins who married same man for 9 years now divorced, waiting for one man to love them both

Meet Owami and Olwethu Siko, the twins from Gauteng, South Africa who were once married to the same man, TV director Mzukiseni Mzazi when...

Bosnia to release table tennis players to Nigeria

Bosnian authorities have told the BBC that two Nigerian students who were wrongfully deported to Bosnia from Croatia will soon be sent home, but...

UN expert report unmasks Libya arms embargo violations

From buying an Irish navy boat re-registered as a "pleasure yacht" to enlisting a Canadian firm to recruit Sudanese fighters -- Libya's warring parties...