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Egypt pound rebounds from flotation slide

Feb 20 2017 19:30

The Egyptian pound has strengthened against the US dollar, regaining ground after record lows which followed the central bank's decision to float the currency in November.


Ex-boss of Nigerian oil firm in $10m cash probe

Feb 19 2017 14:31

A former head of Nigeria's state-run oil company is under investigation after almost $10m in cash was found at a property he owns.


IMF expects Egypt inflation to ease after reform impact wears off

Feb 15 2017 17:52

The IMF expects Egypt’s inflation, which surged to almost 30% in January, to ease once the impact of measures including the floating of the currency wears off.


Foreign investment in Ethiopia slumps after business attacks

Feb 15 2017 08:58

Foreign direct investment in Ethiopia has dropped by a fifth in the first half of the country’s fiscal year after violent anti-government protests in which foreign-owned businesses were targeted.


UN meeting warns of 'huge' armyworm threat

Feb 14 2017 18:37

The fall armyworm has a potential to cause a serious food security problem in sub-Saharan Africa, says an expert at emergency UN talks in Harare.

Financial Services

Newly formed Arise makes two African banking investments

Feb 14 2017 17:35

Newly formed investment company Arise has recently made two investments into Africa's banking sector, one in Ghana and one in Uganda.


Economic plan could be make or break for Nigeria

Feb 08 2017 18:35

With discontent mounting and Nigeria seeking to raise international debt, lenders and investors are waiting for President Muhammadu Buhari to announce a plan.

Mining Indaba

Commodities boom may prolong Zim's economic crisis - report

Feb 08 2017 15:12

Rising commodity prices will allow a continuation of policy decisions that will only prolong long-term economic stagnation in Zimbabwe, says a report by a research house.


Zim farms still reeling from drought, now battered by rain

Feb 01 2017 17:53

Farmers in Zimbabwe, emerging from the worst drought in two decades, are threatened with a second year of losses as heavy rains damage corn and tobacco crops.


Ghana finds a $1.6bn hole in budget, bonds tumple

Feb 01 2017 14:14

Ghana’s three-week-old government has said it found a $1.6bn hole in the budget, a disclosure that sent its bonds tumbling.



IDC to look for opportunities beyond renewables

Jan 31 2017 18:16

While Eskom’s battle with proponents of renewable energy continues, stakeholder the Industrial Development Corporation will be looking at other opportunities in the energy sector.

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