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Economy

Namibia's mining performance slacks

Dec 19 2014 09:33

Namibia's mining sector has performed weaker during the third quarter of 2014, as production of diamonds, uranium and zinc concentrate decreased.

Economy

Nigerian central bank restricts dollar holdings

Dec 18 2014 15:43

Nigeria's central bank has barred banks from holding their own funds in dollars in order to end speculative pressure on the ailing naira currency.

Economy

Oil prices slash Nigeria GDP growth

Dec 18 2014 13:51

Nigeria's economy will grow 5.5% in 2015, down from an earlier projection of 6.4%, due to lower oil revenues, the budget the finance minister says.

Financial Services

New Zim coins now in circulation

Dec 18 2014 10:23

Zimbabwean banks have already started circulating the Reserve Bank of Zimbabwe’s imported bond coins, expected to ease the country's small change problem.

Financial Services

Banking body welcomes new Zim coins

Dec 14 2014 09:14

The Bankers Association of Zimbabwe says it welcomes the introduction of the new bond coins and that this will not affect change current banking limits.

Africa

Zimbabwe, Zambia get $275m for Kariba repairs

Dec 17 2014 17:18

The World Bank has extended $275m in loans to Zimbabwe and Zambia for urgent repairs to the Kariba Dam on the border between the two countries.

Economy

Weak rand impacts Zimbabwe's inflation

Dec 17 2014 05:00

Zimbabwe’s negative inflation rate follows continued rand weakness and has meant a sustained drop in grocery prices, as much of its food is imported from SA.

Economy

World Bank urges Egypt to make reforms

Dec 16 2014 12:30

A senior World Bank official has called on Egypt to implement promised legal and bureaucratic reforms ahead of an international conference.

Economy

First gold poured at Namibian mine

Dec 16 2014 10:27

The first gold ingot has been poured at Namibia's second gold mine, which is still in the construction phase, ahead of schedule.

Africa

Libya's largest oil export port closed

Dec 14 2014 13:28

Libya's eastern oil export port, the country's biggest, has been shut due to fighting between forces representing competing governments.

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Africa

Namibia keeps repo rate unchanged

Dec 12 2014 17:20

Namibia's Reserve Bank has kept its repo rate unchanged to support domestic economic activities amid concerns that growth in household credit remains high.

Africa

Zim gets $108m for electricity

Dec 10 2014 17:30

Zimbabwe has received a $108m grant from the African Development Bank to improve electricity and water supplies.

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