Economy
Breaking and the latest news relating to African Economy.
Kenya to pay back $300 mln of $2 bln bond in December – President Ruto
Kenya will in December pay back $300 million of a $2 billion Eurobond that falls due next June, President William...
Read moreDetailsAngola to scrap fuel subsidy by end-2025, says finance minister
Angola will push ahead with removing all fuel subsidies by the end of 2025, which should enable state oil company...
Read moreDetailsUS Senate Democrat says AGOA should be extended through 2041,
A trade program that grants exports from qualifying African countries duty-free access to the U.S. market should be extended by...
Read moreDetailsRussia is interested in Equatorial Guinea’s minerals – President Putin
President Vladimir Putin says that Russian companies have a "serious" interest in extracting mineral resources in Equatorial Guinea. He held...
Read moreDetailsSA leader says US investment could help Africa industrialise
US investment could help African countries make the most of its critical minerals and industrialise their economies, South Africa's President...
Read moreDetailsNigeria, French Foreign Affairs ministers talk regional issues, UN Security council seat
Nigeria's Foreign affairs minister Yusuf Tuggar hosted his French counterpart in Abuja on Friday (Nov. 03). The officials discussed ECOWAS...
Read moreDetailsUganda moves to end oil import deal with Kenya
Uganda's cabinet has approved a bill allowing the state-owned oil company Uganda National Oil Company (Unoc) to source and supply...
Read moreDetailsSomalia, IMF reach preliminary deal on $100 mln in new funding
International Monetary Fund (IMF) staff on Wednesday reached a preliminary agreement with Somalia that will allow for the release of...
Read moreDetailsUganda denounces U.S. plan to exclude it from duty-free trade programme
Uganda on Wednesday criticised a U.S. move to eject it and other African countries from accessing a tariff-free trade programme,...
Read moreDetailsIMF and Gambia agree new $100 mln support package
The International Monetary Fund and Gambian authorities have reached a staff-level agreement on a new three-year support package of around...
Read moreDetails