South African President Aims to Secure $111 Billion in Investments Amid Economic Challenges
In an ambitious bid to bolster South Africa’s struggling economy, President Cyril Ramaphosa has unveiled plans to attract a massive…
Yellen Stresses Need for Zambia to Restructure Debt
US Treasury Secretary Janet Yellen has stressed the need for Zambia to restructure its debt during a visit to the country,…
Zambia Gains Approval For $1.3bn IMF Loan
Zambia has gained approval for a $1.3 billion, 38-month loan program from the International Monetary Fund, a vital step in…
Ghana Hikes Rates by Record-Breaking 300 Basis Points
Ghana’s central bank has delivered its biggest-ever rate hike, increasing its monetary policy rate by 300 basis points to 22%…
Zambia to Cancel Projects Worth More Than $2bn to Reduce Debt Risk
Zambia’s finance ministry has announced plans to cancel projects worth over $2 billion worth as the country seeks to avoid…
Angola on Target to Produce 8.3 Million Carats of Diamonds in 2020
Angola produced 5.3 million carats of diamonds between January and August this year, and is on target to produce 8.3…
GE to consider investing in Nigeria’s ailing oil refineries
January 25, 2017 – General Electric Co has proposed investing in Nigeria’s oil refineries, potentially convening a consortium of companies…