By Chijioke Ohuocha ABUJA (Reuters) – Nigeria’s economy is likely to shrink 1.3 percent in 2016, the National Bureau of Statistics executive said on Wednesday, a sharp downward revision of.
South African President Jacob Zuma wants government to negotiate a compromise with mining firms over black equity ownership quotas, in an effort to avoid court hearings, deputy mines Minister.
Economic growth in sub-Saharan Africa is likely to slip to 1.6 percent this year, from 3 percent in 2015, due to continuing woes in the continent’s largest economies South Africa.
South African telecoms giant MTN on Wednesday denied an allegation that it had illegally repatriated $13.92 billion from Nigeria, saying the claim was without merit. Lawmakers in the upper house.
By Lin Noueihed Egypt hopes to attract $10 billion in foreign direct investment (FDI) next year and will automate the process of establishing a company, its investment chief said, highlighting.
Mr Zandere Campos, the Chairman and Chief Executive Officer of ABO Capital, an international investment firm headquartered in Angola, in this exclusive interview with Eruke Ojuederie of the African.
By Aaron Maasho South Korea’s Kia Motors Corp signed a deal with a local company on Thursday to start assembling cars in Ethiopia and is thinking of similar operations elsewhere.
More than $1 billion in debt and financing commitments from U.S. agencies and private investors is set to be announced on Wednesday for U.S. President Barack Obama’s signature Africa.
African governments in the grip of Eurobond fever should look closer to home to secure financing vital to their economic development as borrowing costs on international debt markets rise, the.
By Chijioke Ohuocha and Alexis Akwagyiram LAGOS (Reuters) – Nigeria’s central bank should lower interest rates so that the government can borrow domestically to boost the economy, which is stuck.
