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Economy

Zim bond notes have helped but won't address underlying issues - World Bank

Jun 21 2017 18:03

Zimbabwe's bond notes have eased liquidity shortages but can't address macroeconomic imbalances, while further issuance of the currency will inflame inflationary pressures, says the World Bank.

Economy

World Bank speaks on Zim's cash crisis

Jun 21 2017 16:31

Fiscal imbalances combined with a large volume of domestic debt are at the core of Zimbabwe’s ongoing cash shortages, according to the World Bank.

Economy

Free mapping: Plotting development in Africa

Jun 18 2017 14:00

In Benin's economic capital of Cotonou, as in many other African cities, finding a house, office or restaurant is often like a treasure hunt.

Economy

Call for more electric fences to stop elephants destroying Gabon crops

Jun 18 2017 14:30

For several months, electric fences have been put up in Gabon as part of a new programme to stop the country's 40 000 forest elephants from destroying crops.

Economy

Protesters agree to end blockade of Tunisia oil plant

Jun 18 2017 15:00

Protesters agreed to end a blockade of a Tunisian oil and gas plant that saw bloody clashes with police last month after the government met many of their demands.

Economy

Ghana at risk of debt distress as bond planned - IMF

Jun 15 2017 09:37

The International Monetary Fund says Ghana remains at a high risk of debt distress as the West African nation plans to clear arrears owed by energy utilities.

Industrial

Understanding change catalysts in Africa’s oil and gas sector

Jun 13 2017 19:26

Africa’s oil and gas industry remains poised for expansion, mainly to the energy appetites of many developed and developing countries across the globe, says an expert.

Economy

Employee confidence in Zim very low

Jun 13 2017 17:00

Employee confidence is very low in Zimbabwe and the outlook also remains bleak, a survey polling a small group of people has found.

Financial Services

Zim reserve bank will not reverse Barclays Zim sale

Jun 12 2017 17:31

Zimbabwe's central bank will not bow down to pressure from Zanu PF and other campaigners seeking to have the sale of Barclays Zimbabwe to FMB reversed.

Travel & Leisure

Hotel development in Africa still on the rise

Jun 12 2017 16:44

Hotel development activity in Africa is still rising in the face of the continent’s economic problems, according to an annual survey by W Hospitality Group.

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Africa

Egypt sees about $1bn foreign inflows since rate boost

May 29 2017 14:10

Egypt has received about $1bn in foreign inflows since the central bank raised interest rates by 200 basis points last week to curb inflation.

Africa

Kenya sets subsidies as food prices become election issue

May 17 2017 20:01

Kenya has announced steps to rein in food prices that are rising at the fastest pace in five years and hurting the pockets of consumers.

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