Business

Zimbabwe growth to drop by half in 2022: IMF

Zimbabwe's economy has been on a downturn for nearly two decades.

IMF urges policy caution for vulnerable Africa

In a new report, the International Monetary Fund (IMF) said African governments ...

Mozambique calls on energy giants to resume gas works

French oil giant TotalEnergies halted a $20 billion liquefied natural gas (LNG) ...

Govt does not license unlegit labour companies: ministe...

Over 2000 Ugandans stranded in UAE are helpless and Government says they are onl...

From UK to South Africa, countries face huge energy bills

Gas and electricity costs are soaring due to a post-pandemic surge in demand and...

Debt-ridden Zambia secures $1.3 billion in IMF bailout

In 2020, as the Covid-19 pandemic battered Africa, Zambia became the first count...

World Bank signs off $300m grant to Mozambique after sc...

Mozambique's Finance Minister Max Tonela said the money will be used to finance ...

Ethiopian Airlines suspends pilots who missed landing b...

Independent website The Aviation Herald said the pilots fell asleep during the f...

UN ship with grain for Africa leaves Ukraine: ministry

The MV Brave Commander left the Black Sea port of Pivdennyi and will sail to Dji...

Mozambique plans wealth fund to manage gas revenues

Mozambique plans to set up a sovereign wealth fund to manage revenue from the ex...

From coffee to toothpaste, Nigerians buy small as hards...

Consumer brands behind this "sachetisation of the economy" see it as a creative ...

IMF greenlights $1 bn loan to Tanzania

Tanzania is to immediately receive the equivalent of $151.7 million. It had alre...

KCCA ED engages hawkers and vendors leaders on trade order

The Kampala Capital City Authority (KCCA) Executive Director Dorothy Kisaka has ...

Eskom contractors charged with corruption

Two of the arrested, Mohammed Mooidheen and Vernon Pillay, used to work for Esko...

Ghana president defends IMF aid decision

The decision has stoked fierce debate in Ghana, where Akufo-Addo has come under ...

Suez Canal records highest ever annual revenue of $7 bn

The income is over a fifth higher than the previous fiscal year's $5.8 billion i...

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