Economy
Breaking and the latest news relating to African Economy.
Ethiopia official creditors to extend deadline for IMF deal, source says
Ethiopia's official international creditors will give the East African nation until the end of June to wrap up talks on...
Read moreDetailsUN assembly adopts resolution backing ongoing efforts to eliminate ‘blood diamonds’ trade
The UN general assembly adopted Wednesday (Apr. 03) a resolution on the role of diamonds in fuelling conflict and expressing...
Read moreDetailsIvory Coast to increase official farmgate cocoa price
Ivory Coast, the world's largest exporter of cocoa is exected to increase the official cocoa farmgate price to 1,500 CFA...
Read moreDetailsUS talks often with Congo’s Gecamines on cobalt and copper, official says
The United States speaks regularly with the Democratic Republic of Congo's state miner Gecamines, a senior State Department official told...
Read moreDetailsNigeria to grant mining licences only to companies that process locally
Nigeria will only grant new mining licences to companies that present a plan on how minerals would be processed locally,...
Read moreDetailsKenya, Uganda to end oil import feud over licensing
The Kenyan government has said it will license the Uganda National Oil Company (Unoc), a move expected to bring to...
Read moreDetailsSenegal’s youth want jobs from Faye, investors wary of radical ideas
Senegal's President-elect Bassirou Diomaye Faye rode to victory in Sunday's poll on a wave of protest votes against the West African country's...
Read moreDetailsEthiopia’s biggest bank says it has recouped most of the cash lost during a system glitch
Ethiopia's biggest bank says it has recouped nearly 80% of the cash it lost during what it says was a...
Read moreDetailsGhana finance minister: we want to fast-track debt restructuring talks
Ghana's Finance Minister Mohammed Amin Adam said on Tuesday that the government wanted to fast-track debt restructuring negotiations. The West...
Read moreDetailsBritain agrees $100 mln trade finance to boost Africa food security
Development lender British International Investment said on Monday it had agreed a $100 million finance facility with the Eastern and...
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