15/08 The Sidi Rezine refinery
in the Algerian capital Algiers will come back online at the
beginning of 2019 with an estimated output of 3.6 million tonnes
of refined products, a senior official at state. . .
14/08 Ethiopian Airlines plans to build a new airport with annual capacity of 80 million passengers in Bishoftu, about 48km southeast of the capital Addis Ababa, state-affiliated media said on Tuesday.. . .
10/08 A huge oil refinery being built
in Nigeria by Africa's richest man is unlikely to start
production until 2022, two years later than the target date,
sources with direct knowledge of the matter said.. . .
07/08 A lack of liquidity in Kenya's money markets has sent the overnight interbank lending rate above the three-month Treasury bill yield and curbed demand for government securities at the weekly auction,. . .
31/07 Heavy debt exposure to Ivory Coast's largest domestic cocoa exporter, which was ordered into liquidation this month, risks destabilising the West African nation's banking sector, bank officials said on Tuesday.. . .
30/07 Kenya's central bank cut its benchmark lending rate to 9.0 percent on Monday from 9.50 percent, the monetary policy committee said, adding inflation expectations were well anchored within the target range.. . .
27/07 A court in Ivory Coast has ordered the liquidation of SAF-Cacao, the world's top cocoa grower's leading exporter, over debts owed to the Coffee and Cocoa Council marketing board, the company's. . .
24/07 OPEC member Algeria's decision to turn to monetary financing to cut budget deficits could cause higher inflation as its non-oil sector remains weak, the International Monetary Fund (IMF) said.. . .
19/07 Zambia will share data on its planned austerity measures with the International Monetary Fund (IMF) to get the lender's feedback on their appropriateness for macroeconomic sustainability, its minister of finance said. . .
19/07 Kenya's High Court has temporarily suspended a "Robin Hood" tax on bank transfers of over 500,000 shillings ($5,000) imposed at the start of the month, the Kenya Bankers Association (KBA) said. . .
19/07 Namibia secured a $218 million loan from the African Development Bank, the second tranche of a quarter billion dollar facility from the development lender to help the country finance its budget. . .
18/07 Kenya will launch its international financial centre in the capital Nairobi later this year to attract large foreign financial firms and boost capital flows, its finance minister said on Wednesday.. . .
15/07 Kenya Power's Chief
Executive Officer gave himself up to police on Sunday and was in
their custody, police said, a day after the east African country
said it wanted to charge him over alleged. . .
14/07 Kenyan authorities said on
Saturday they had arrested a former chief executive officer of
the state-run distributor Kenya Power on suspicion of
economic crimes and wanted to charge the current chief
executive.. . .
13/07 KCB Group, Kenya's
biggest bank by assets, will look at partnering with a local
bank in Ethiopia, where a potential liberalisation of foreign
investment rules could open up a market of 100 million people.. . .
11/07 Libya's central bank (CBL) said
on Tuesday the country had earned 15.6 billion Libyan dinars
($11.4 billion) in oil revenue in the first six months of the
year, accounting for more than 93 percent. . .
04/07 Nigeria will offer a 12.7 billion
naira ($41.6 million) mining contract to eight companies in
exploration and consultancy, its junior mining minister said on
Wednesday, adding both foreign and local firms were encouraged
to participate.. . .
21/06 Zambia plans to introduce
electricity tariffs that reflect the cost of production by the
end of this year, a senior government official said on Thursday,
a move that could increase costs for economically vital. . .
18/06 Kenya's biggest mobile phone
operator Safaricom is opposed to a proposed tax rise
on mobile phone based cash transfers that its chief finance
officer said on Monday would discourage the drive towards modern
payments systems.. . .
14/06 Kenya's Finance Minister Henry
Rotich on Thursday said he would propose repealing a cap on
commercial lending rates, a move cheered by bankers who had said
the ceiling had hurt credit growth and access.. . .
14/06 Kenya's government will
introduce a set of reforms for the financial sector aimed at
boosting private sector credit growth after it was hit by a cap
on commercial interest rates introduced in 2016, the. . .
14/06 Seeking to capitalise on higher oil
prices, Sierra Leone has extended the deadline of a fourth oil
licensing round for five deep water offshore blocks until
September 27, officials told Reuters.. . .
13/06 Kenya's biggest privately owned
bank, CBA, has teamed up with a local financial technology
company to speed up payments for goods or services delivered by
suppliers, its chief executive said on Wednesday.. . .
07/06 Private equity firm Cupric
Canyon will begin construction of its Khoemacau copper project
in Botswana in October, with first sales of the metal expected
in 2021, a company executive said on Thursday.. . .
04/06 Tanzania's economy is
expected to grow by 7.2 percent in 2018, up from around 7.1
percent last year, and the fiscal deficit will increase on the
back of higher infrastructure spending, the finance minister
said. . .
29/05 A boom in lending by financial technology (fintech) firms in Kenya has led to an increase in predatory lending practices, the country's central bank governor said on Tuesday, calling for the. . .
25/05 Ivory Coast will ask donors,
timber firms and cocoa companies to help finance a reforestation
strategy costing 616 billion CFA francs ($1 billion) over 10
years, the country's water and forests minister said on. . .
23/05 Ethiopia's state-run telecoms monopoly has agreed to allow some local firms to provide internet services through its infrastructure, a move seen as spurring competition and expanding the data market, officials said.. . .
21/05 Malawi's maize output declined by 19.4 percent in the 2017/18 farming year to 2.8 million tons due to damage caused by drought and crop-eating armyworms, Agriculture Minister Joseph Mwanamvekha said on. . .
18/05 Zimbabwe will
not require foreign mining companies to list locally as
previously announced and will remove the clause from a mines
amendment bill now before parliament, the mines minister said on
Friday.. . .
18/05 Zimbabwe will not require foreign mining companies to list locally as previously announced and will remove the clause from a mines amendment bill now before parliament, the mines minister said on. . .
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