Economy

South Africa’s rand was little changed on Friday, holding on to most of the gains made in the previous session after the central bank announced its biggest rise to the …

Amid uncertainties in the global economy and rising insecurity in the country, the nation’s stock market continued its bullish run, giving hope to patient investors who endured long periods of downturn …

Zimbabwe’s central bank has banned third country foreign payments, except for fuel, in measures to facilitate critical transactions to keep the economy going smoothly and encourage remittance of export proceeds back …

Egyptian Prime Minister Mostafa Madbouli has announced a series of planned privatizations of state-owned companies, as the country struggles with an economic crisis and inflation at almost 15% in April. …

Traders, transporters and hotels lament the impacts of the sit-at-home order of the Indigenous People of Biafra (IPOB) on their businesses in Nigeria’s South-east. When the outlawed indigenous People of Biafra …

Niger, the poorest country in the world according to the benchmark of the UN’s Human Development Index (HDI), is struggling with a reputation for corruption and volatility. Nigerien non-governmental organizations …

Naira hit a four month low on Thursday, depreciating 0.30 per cent against the U.S. dollar at the official market. The currency which opened trading at N416.50 closed at N420.00 to …

The National Union of Metalworkers of South Africa (Numsa) has served ArcelorMittal SA with a 48-hour notice of a strike on Monday evening after reaching a deadlock with the employer …

Nigeria requires about $750m funding within the transportation and retailing infrastructure for Liquefied Petroleum Gasoline, popularly referred to as cooking fuel, to realize the goal of 5 million metric tonnes …

World Bank has said that  Nigeria’s efforts at reducing poverty might hit rocks if certain economic issues are not addressed. These issues include: low  human capital, labor market weaknesses and exposure …