Economy
Breaking and the latest news relating to African Economy.
African, Caribbean states back slavery reparations plan at Ghana meeting
African and Caribbean nations on Friday demanded formal apologies from countries that benefited from transatlantic slavery, as well as debt...
Read moreDetailsChina’s African tariff removals, trade surge spur yuan adoption
Surging Chinese trade with Africa and lifting of tariffs for most countries on the continent look set to boost yuan...
Read moreDetailsAs IMF visits Senegal, more investors view default as inevitable
Despite investors' growing conviction that Senegal will default on its debts, the country's leaders remain reluctant to restructure, two people...
Read moreDetailsMiddle east fuel crisis keeps Mozambique fishermen ashore
Rising fuel prices linked to tensions in the Middle East are forcing many fishermen in Mozambique's capital to keep their...
Read moreDetailsZambia gets near-unanimous backing for landmark debt-for-energy deal
Zambia's government said on Wednesday it had received near-unanimous backing from bondholders for an innovative $1.36 billion debt buyback deal...
Read moreDetailsMozambique tightens grip on mining with 15% state stake rule, local processing
Mozambique's President Daniel Chapo has signed a new law requiring 15% state ownership in all mining ventures and local processing...
Read moreDetailsGhana, UK sign growth partnership deal to address education and job creation
Ghana and the United Kingdom signed on Monday the landmark UK-Ghana Partnership, which is to help transform the economy and...
Read moreDetailsNigeria’s Tinubu says reforms stabilising economy despite hardship
Nigerian President Bola Ahmed Tinubu said on Friday his economic reforms stabilised the country and revived investor confidence, despite a...
Read moreDetailsDangote raises planned investment in Ethiopia fertiliser project to over $4 billion
Nigerian billionaire Aliko Dangote's group of companies has increased planned investment in a fertiliser plant in Ethiopia to more than...
Read moreDetailsGhana seeks to buy 30% of gold from miners to boost reserves, central bank
Ghana has asked large-scale gold miners to sell 30% of annual output to the central bank as part of a...
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