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South Africa slipped into technical recession for the first time since 2009 after the economy contracted in the first quarter, led by weak manufacturing and trade sectors, Statistics South Africa said on Tuesday.
Africa’s most developed economy contracted by 0.7 …
Continue readingIn a plea to U.S. businesses to invest in Africa’s biggest market, Nigeria’s trade minister says that corruption is part of “yesterday’s story” in the West African country.
Nigeria, a country with the world’s seventh-largest population at over 180 million, …
Continue readingThe sky rocketing food prices and the electioneering environment that Kenyans find themselves in present an opportunity to have an important national debate that has been ignore for quite awhile, the role of government in the economy.
Last week the …
Continue readingThe many campaign promises by all the major parties notwithstanding, the 2016 elections were fought principally over only a few critical issues, and of these issues austerity (cost of living) and corruption/waste stood out.
Because austerity and the macroeconomic challenges …
Continue readingThe G7 is a forum for dialogue and consensus building at the highest level attended by the leaders of the world’s most important industrially advanced democracies. Italy currently holds the Presidency of the G7. Ahead of the meeting of Heads …
Continue readingEgypt has allocated 145 billion Egyptian pounds ($8 billion)for fuel subsidies and 80 billion pounds for electricity subsidies in its budget for the 2017-18 fiscal year beginning in July, a cabinet statement said on Monday.
Egypt in November signed a …
Continue readingThe Acting President, Yemi Osinbajo, has signed into law two bills that will ultimately facilitate access to more affordable credit for Nigerians. The bills were earlier passed by the National Assembly and were part of efforts of the Buhari administration …
Continue readingAt around NGN400/$, the naira currently offers a 5% discount to our estimated fair value (this discount will likely disappear due to inflation over 2017), while we think equities and naira bonds are cheap.
After spending most of the past …
Continue readingSenegal’s former president Abdoulaye Wade, aged 91, will head a list of opposition candidates for parliament in an election to take place on July 30, according to aides.
The announcement was made on Monday night after a broad opposition coalition …
Continue readingThe federal government Wednesday handed over the letter of award appointing General Electric (GE) as the concessionaire for two narrow gauge rail lines in the country, after the company’s emergence as the preferred bidder for concessions.
The concession will see …
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