Economy
Breaking and the latest news relating to African Economy.
Zambia concerned by ‘financial strain’ of new US visa bond
Zambia's government voiced concern on Friday about the "unnecessary financial strain" that would be caused by a new rule requiring...
Read moreDetailsSouth Africa’s Ramaphosa speaks to Trump, trade teams to talk further
South African President Cyril Ramaphosa held a telephone call with U.S. President Donald Trump on bilateral trade and the two...
Read moreDetailsAngola gets back $200 million collateral from JPMorgan after bond rebound
Angola got back $200 million of collateral in May that it had to post to JPMorgan earlier in the year,...
Read moreDetailsGhana declares three-day period of national mourning following deadly crash; finance minister made acting defence minister
Ghana has opened investigations into the crash of a military helicopter that killed all eight people aboard, including the West...
Read moreDetailsMalawi and Zambia tourists among first to face $15,000 US visa bonds
The State Department is proposing requiring applicants for business and tourist visas to post a bond of up to $15,000...
Read moreDetailsNigeria enacts sweeping reforms to insurance sector
Nigeria's President Bola Tinubu signed into law sweeping reforms to the insurance sector under the Insurance Industry Reform Act (NIIRA)...
Read moreDetailsKenya’s private sector activity contracts in July at steepest rate in a year
Kenya's private sector contracted at the fastest pace in a year in July as input prices rose and protests disrupted...
Read moreDetailsOil slips as OPEC+ output hikes counter Russia disruption concerns
Oil slipped over 1% on Tuesday as rising OPEC+ supply and worries of weaker global demand countered concern about U.S....
Read moreDetailsNigeria, Benin endorse framework to boost bilateral trade, regional integration
Nigeria and the Republic of Benin have taken a step toward strengthening economic ties by endorsing a Framework for Enhanced...
Read moreDetailsSouth Africa outlines support measures in response to US tariffs
South Africa on Monday outlined support measures for local companies that will be hit by a 30% U.S. tariff this...
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