A GROUP of European Union parliamentarians has asked the European Commission to open negotiations with Cote d’Ivoire and Ghana to address low cocoa prices, it said in a letter. The two West African countries, which together produce more than 60…
ZIMBABWEAN farmers looking to cash in on a global boom in medicinal cannabis face a litany of costs and regulatory barriers, but growers like Munyaradzi Nyanungo are betting it will boost their fortunes after decades of economic decline. The southern…
THE International Monetary Fund’s executive board on Monday approved a three-year, $456 million extended credit facility arrangement for Mozambique, with about $91 million available for immediate disbursement, the Fund said. The facility is the southeast African nation’s first programme since…
ZIMBABWE’S government on Saturday ordered banks to stop lending with immediate effect in a move Harare said was designed to stop speculation against the Zimbabwean dollar and was part of a raft of measures to arrest its rapid devaluation on…
Nigerians Should Prepare For Worst Fuel Crisis The Independent Petroleum Marketers Association of Nigeria (IPMAN) has asked Nigerians to prepare for the worst fuel crisis unless the Federal Government prevail on the Nigerian Midstream and Downstream Petroleum Regulatory Authority, (NMDPRA)…
TANZANIAN authorities announced on Friday that they have drawn a strategic plan for the construction of an ambitious manufacturing industry by 2025 in the East African nation. A $3bn manufacturing industry investment plan will enable the country to trade in…
ACCORDING to the latest data from the Kenya National Bureau of Statistics (KNBS), the Kenyan economy rebounded from Covid-19-led woes in 2020 to grow by 7.5 percent in 2021. This is the highest rate of growth for the Kenyan economy…
TRAFIGURA Group and Zimbabwe’s government have discussed a deal that would give the commodities trader control over output from some of the nation’s biggest mines as repayment for debts, documents seen by Bloomberg show. Under the agreement, Trafigura will be paid $225.6…
BITCOIN is not a cure-all for Africa’s economic woes, the IMF warned Thursday, after the Central African Republic adopted the cryptocurrency as legal tender. The head of the IMF’s African department, Abebe Aemro Selassie, said that a ‘robust’ payment system…
THE Central African Republic on Wednesday became the first African country to adopt Bitcoin as an official currency, becoming only the second in the world to do so. A bill governing the use of cryptocurrency was adopted unanimously by parliament…
