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South Africa’s ruling African National Congress has re-triggered market concern about the independence of the Reserve Bank after reports it had agreed at its policy conference on Wednesday that the central bank should be nationalised.
Two party sources said a …
Continue readingStudents For Liberty Leader Linda Kavuka will be speaking at the Great Lakes Trade Summit, on the shores of Lake Victoria in Kampala. She sits on the Executive Board of African Students for Liberty, Kenya.
The summit is held from …
Continue readingThe French government has said that it has set aside about one billion euros to be invested in the Nigeria Oil and Gas industry, stating that Nigeria remains her first economic trading partner in Africa.
France Ambassador to Nigeria, His …
Continue readingThe National Council on Privatisation (NCP) has since inception in 2000 successfully concluded the privatisation and reform of over 142 public enterprises, the Acting President, Professor Yemi Osinbajo, said during the inauguration of the fifth council on privatisation yesterday.
He …
Continue readingThe World Bank has announced the approval of $961 million to support the Federal Government of Nigeria and the Kaduna State Economic Transformation Program in order to achieve the nation’s Economic Recovery and Growth Plan 2017-2020.
The bank, in a …
Continue readingCollapsed state-owned Botswanan copper and nickel producer BCL Limited will be sold off piecemeal after the company failed to find a buyer, its liquidator said on Friday.
BCL was placed under provisional liquidation in October after the government said it …
Continue readingKenyan lawmakers on Thursday approved a government proposal to guarantee $750 million worth of debt owed by Kenya Airways, part of a broader financial restructuring, parliament said in a statement.
The loss-making airline, in which Air France KLM and the …
Continue readingNigeria incurred subsidies for petrol and kerosene estimated at $65 billion between 2011 and 2015, Minister of State for Petroleum Resources Dr. Ibe Kachikwu said on Thursday.
The minister said this in a presentation at a 2-day African modular refinery …
Continue readingNigeria’s former president, Goodluck Jonathan, was voted out of office two years ago, but fresh revelations continue to emerge on the widespread corruption that characterized his five-year reign. The latest revelation as contained in a memo seen by online news …
Continue readingThe International Monetary Fund said Ghana remains at a high risk of debt distress as the West African nation plans to clear arrears owed by energy utilities through the sale of a 10 billion cedi ($2.3 billion) local-currency bond.
Ghana …
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