South Africa to Establish $2 Billion Sovereign Wealth Fund
South Africa has announced that it will use money from the sale of broadband spectrum and mining royalties…
Nigeria posts highest quarterly GDP growth since recession
Nigeria’s economic growth rose to an annual rate of 2.55% in the three months to the end of…
Angola’s Former Leader Ordered $500 million Funds transfer
In a statement that may help the defense of one of his sons who is standing trial for…
Common Customs bond in East Africa will to reduce costs
Importers in East Africa will from July, operate under a common Customs bond, to guarantee uniform import duties…
Nigeria to Review Privatization of Power Assets
Nigeria will review the sale of power assets to private investors after they have been unable to improve…
Coronavirus slows cargo flow at Mombasa port
Cargo volumes at the port of Mombasa are expected to reduce in the next few weeks as the…
Ethiopia approves supplementary budget
Ethiopia’s council of ministers have approved a supplementary budget of $877.87 million for 2019/2020 to finance economic reforms,…
Madagascar Seeks $17 Billion Developmental funds
Madagascar, the world’s biggest producer of vanilla, is seeking about $17 billion in aid and investment to help…
Maroc Telecom reports $620 million profit
Maroc Telecom, Morocco’s largest telecoms operator, has reported an adjusted profit of $620 million in 2019. The result…
Kenya to be in breach of EAC, AfCFTA rules in proposed American trade deal
Kenya’s proposed free trade deal with the U.S. has put it in crosshairs as critics say the planned…