Economy
Breaking and the latest news relating to African Economy.
Senegal has sovereign right to decide how to tackle debt, IMF says
The International Monetary Fund said on Tuesday it has discussed various options with Senegal to address the country's "significant debt...
Read moreDetailsCongo, Rwanda initial economic pact in Washington as part of peace process
Democratic Republic of Congo and Rwanda said in a statement on Friday that they had agreed an economic pact in...
Read moreDetailsUS President Trump says he’ll skip G20 summit, calls for South Africa’s removal
US President Donald Trump has announced he will not attend the upcoming G20 summit in Johannesburg, saying South Africa no...
Read moreDetailsKenya, IMF continue talks for new bailout deal
Talks between Kenya and the International Monetary Fund (IMF) for a new lending program are at a stalemate, the country's...
Read moreDetailsNigeria launches $2.25 billion Eurobond sale as it shrugs off US military threat
Nigeria launched the sale of $2.25 billion of Eurobonds on Wednesday, the bookrunner said, after markets largely shrugged off threats from U.S....
Read moreDetailsSouth Sudan president sacks finance minister after only two months in post
South Sudan's President Salva Kiir has fired the country's finance minister just over two months after appointing him, extending a...
Read moreDetailsWorld Bank’s investment arm to boost local-currency lending in Africa
The International Finance Corporation, the World Bank's private investment arm, is expanding its local-currency lending and direct investments into companies...
Read moreDetailsGhana orders first major audit of mining firms in a decade
Ghana, Africa’s top gold producer, has launched its most aggressive mining audit in a decade, targeting top miners to recover...
Read moreDetailsAU urges unconditional lifting of sanctions against Zimbabwe
African Union Commission Chairperson Mahmoud Ali Youssouf has renewed calls for the swift and unconditional removal of all unilateral Western...
Read moreDetailsFormer commerce minister Billon concedes defeat to Ouattara in Ivory Coast election
Former Ivory Coast commerce minister Jean-Louis Billon on Sunday conceded defeat to incumbent Alassane Ouattara in the presidential election, he...
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