Economy
Breaking and the latest news relating to African Economy.
EU backs Benin’s development ambitions
Beninese President Romuald Wadagni paid a working visit to Brussels on Wednesday, holding talks with senior European Union leaders aimed...
Read moreDetailsKenya signs $1.2 billion airport expansion deal with China Road and Bridge Corp.
Kenya has signed a $1.2 billion deal with China Road and Bridge Corporation to expand Nairobi’s Jomo Kenyatta International Airport,...
Read moreDetailsSenegal finance ministry rejects trade minister’s comments on restructuring
Senegal's ministry of economy, finance and planning on Tuesday issued a statement rejecting comments made two days earlier by Trade Minister Serigne...
Read moreDetailsSenegal trade minister says government ready to restructure if necessary
Senegal's minister of industry and trade, Serigne Gueye Diop, speaking on state TV late on Sunday, signalled that the country...
Read moreDetailsNamibia says it is being removed from financial crime watchdog’s ‘grey list’
Namibia said on Friday that Paris-based financial crime watchdog the Financial Action Task Force (FATF) was removing it from its...
Read moreDetailsAfrican, 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...
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