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Kenya’s economy records slowest growth in five years

Kenya’s economy grew by 4.9 per cent in 2017, recording the slowest margin in five years amid prolonged electoral process and adverse weather. That pace of growth falls far below the 5.9 per cent recorded in 2016, data released today by the Kenya National Bureau of Statistics (KNBS) indicate. The last time Kenya recorded growth […]

Tunisia – Marouane Abbassi tackles the deficit of the trade balance

The new governor of the Central Bank of Tunisia, Marouane Abassi, has begun to put the groundbreaking in the huge construction site that awaits. It began with the fight against the trade deficit, in an attempt to reduce the cost of the opening required by the old governments, on the all-out importation of necessary or […]

Chinese Oil And Gas Company Addax Petroleum Plans To Leave Gabon

The Chinese oil and gas group that owns Addax Petroleum is considering leaving Gabon and Nigeria to concentrate its African activities exclusively in Cameroon, where its financial health is better and its reputation still intact. Addax Petroleum in Gabon is soon over. Its owner Sinopec would consider selling its onshore and offshore assets, as well […]

Gambia Set To Remove Ex-leader’s Face On Banknotes

Gambia’s reserve bank announced it will be printing new bank notes that will see the country’s ex-authoritarian ruler’s face taken off the West African nation’s currency. Yahya Jammeh printed his face on the Gambian dalasis in 2015 after criticizing the country’s first post-colonial leader, Sir Dawda Jawara for printing his face on banknotes when it […]

Eritrea Becomes The 45th African Country To Join Afrexim Bank

Eritrea becomes the 48th African country to join the African Export-Import Bank as a participating state and/or shareholder. The East African country of Eritrea has joined the membership of the African Export-Import Bank (Afreximbank), becoming the 48th African country to become a participating state or a shareholder in the continental multilateral trade finance institution. In […]

Dollar Slips On Fears Over U.s. Tax Reform Delay

LONDON (Reuters) – The dollar slipped against most major currencies on Wednesday, weighed down by worries over possible delays to Donald Trump’s tax reform plan and evidence of the U.S. president’s waning popularity. FILE PHOTO – A U.S. Dollar note is seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration/File Photo The greenback had […]

Hundreds Of Iphone X Stolen From Ups Truck

Apple Senior Vice President of Worldwide Marketing, Phil Schiller, introduces the iPhone X during a launch event in Cupertino, California, U.S. September 12, 2017. REUTERS/Stephen Lam – HP1ED9C1I90DE Today is iPhone X launch day, and as is typical of a new iPhone launch it has seen people lining up hours in advance outside Apple Stores […]

FOREX-Dollar steady above 1-week low; eyes on U.S. jobs data

SINGAPORE, Nov 3 (Reuters) – The dollar held steady versus a basket of currencies on Friday, as focus shifted to U.S. jobs data, with President Donald Trump’s nomination of Federal Reserve Governor Jerome Powell to be the next Fed chair coming as no surprise. Markets unfazed by Jerome Powell as Fed Chair pick Dollar index […]

South African Economy In Bad Shape As Political Stakes Rise

South Africa’s finance minister received some faint praise last week ,not for the economy’s performance,Picture: Supplied South Africa’s finance minister received some faint praise last week ,not for the economy’s performance, but for admitting the country is in a dire position that is set to get worse. Malusi Gigaba delivered a mid-term budget that laid […]