15/08 Kenya has approved its first ever issuance of a green bond, which will raise 5 billion shillings ($48.45 million) for student accommodation, the capital markets regulator CMA said on Thursday.. . .
13/08 The harvest for Ivory Coast's
main cocoa crop could start at the beginning of September, weeks
earlier than last year because of heavy rain over the past
month, farmers told Reuters on Tuesday.. . .
11/08 The Kingdom of eSwatini is looking at cutting cabinet ministers' housing, travel and entertainment allowances as part of attempts to revive the economy of the southern African country formerly known as. . .
08/08 A Kenyan parliamentary committee recommended on Wednesday that the government should reject KCB Group's acquisition of the majority state-owned National Bank of Kenya and instead raise capital by selling additional shares.. . .
07/08 Kenya has sent out invitations to international commercial banks to subscribe to a syndicated loan worth up to 150 billion shillings ($1.45 billion), the Business Daily reported on Wednesday.. . .
06/08 Ivory Coast and Ghana will not
sell cocoa from the 2020-21 crop for less than $2,600 per tonne,
Ivorian President Alassane Ouattara said on Tuesday, affirming
his country's resolve to stick to a deal. . .
06/08 Ghana will raise cocoa farmgate prices by 5.2% for the 2019/20 season, the first increase in four years, following strong sales of export contracts to chocolate makers and cocoa houses, industry. . .
02/08 Zimbabwe's central bank said on Friday its first Treasury Bill auction in seven years, aimed at raising $3.25 million, was oversubscribed more than four times as the government started open market. . .
29/07 Nigeria is backing its commitment to join Africa's recently agreed free trade zone by setting up a committee to implement the agreement, and promising new laws where necessary to enact membership. . .
22/07 The Consolidated Bank of Kenya has extended the maturity of its 2 billion shilling ($19.39 million) medium-term note by three months to allow its biggest shareholder, the government, to inject more. . .
15/07 Zambia's dollar-denominated government bonds jumped on Monday after the country's president sacked Finance Minister Margaret Mwanakatwe and appointed central bank deputy governor Bwalya Ng'andu to replace her.. . .
13/07 Tanzania's central bank on Saturday said it had fined Diamond Trust Bank Tanzania Limited 1 billion Tanzanian shillings ($435,000) for breaching regulatory rules on data and service availability. . . .
11/07 U.N. Secretary General Antonio Guterres on Thursday called on the international community to provide more aid to Mozambique, where two cyclones spurred by climate change killed hundreds and wrought widespread destruction. . .
09/07 Zimbabwe's government on Tuesday offered its workers 180 million Zimbabwe dollars ($21 million) additional pay for the July to December period, which unions rejected as inadequate in the face of soaring. . .
08/07 South Sudan's finance minister unveiled dramatically higher spending for the 2019/20 fiscal year to be partly funded by increased oil revenues, following criticism from the IMF for deep cuts in prior. . .
03/07 Kenya's private sector activity jumped in June, helped by increased local and external demand for goods, a survey showed on Wednesday, but there were concerns about cashflows, partly arising from late. . .
27/06 BMCE Bank, one of Morocco's largest lenders, said it has secured approval from the market regulator to raise 1.9 billion dirhams ($199 million) by issuing new shares and a rights issue on the. . .
20/06 Heavy rainfall and poor sunshine
across Nigeria's cocoa-growing regions raises the likelihood of
black pod disease which would hurt the main crop this season, an
industry body said on Thursday.. . .
20/06 Nigerian President Muhammadu Buhari has appointed a new group managing director of the Nigerian National Petroleum Corporation (NNPC), the state oil firm said on Thursday, one of his first appointments since. . .
20/06 Nigeria will consider the interests of its industries in deciding whether to sign up to a $3 trillion Africa free-trade agreement, President Muhammadu Buhari said in a meeting with local manufacturers. . .
20/06 Malawian President Peter Mutharika has appointed minister of agriculture Joseph Mwanamvekha, an economist and former banker, as finance minister in his new cabinet, the chief secretary to the government said on. . .
13/06 Kenya will more than double its
capital gains tax rate to 12.5% from 5% to bring it in line with
international standards, Finance Minister Henry Rotich said in
budget proposals to parliament on Thursday.. . .
13/06 Bad weather and crop disease have
hampered the cocoa crop in second-largest producer Ghana,
forcing processors there to import beans at rates higher than
usual, sources familiar with the matter told Reuters.. . .
12/06 The South Sudanese president has
appointed a new petroleum minister, removing Ezekiel Lol
Gatkuoth, the presidential spokesman told Reuters on Wednesday,
but the reasons for the move were unclear.. . .
11/06 Ethiopia's economy is projected to grow by 9% in 2019/2020, finance minister Ahmed Shide told lawmakers on Tuesday as he presented plans to raise spending in one of Africa's fastest-growing economies.. . .
10/06 Rwanda said on Monday it would
re-open its busiest border post with Uganda to cargo trucks for
12 days, more than three months after it was closed amid
tensions between the two neighbours triggered. . .
07/06 Ethiopia, Africa's top coffee producer, is expected to export a record-high 4 million 60-kg bags of coffee in 2019/20, the U.S. Department of Agriculture attache in Addis Ababa said, as yields. . .
05/06 Namibia's economy will mildly contract again in 2019 due to poor rains and reduced diamond production but economic growth will return in 2020, the International Monetary Fund said on Wednesday.. . .
01/06 Nigeria's financial watchdog said on Friday it had barred the CEO of oil firm Oando, Wale Tinubu, from directing public companies for five years over financial infractions - though he dismissed. . .
31/05 The CEO of Nigerian oil company
Oando said on Friday he rejected the conclusion of the financial
watchdog which barred him from directing public companies for
five years over a series of financial infractions.. . .
31/05 Bravura Consortium will spend more than $50 million to explore for and mine platinum in Zimbabwe, the Southern African country's mines minister said on Friday, after both parties signed the agreement.. . .
30/05 Lawmakers in Nigeria's upper house of parliament on Thursday approved a 129 billion naira ($422 million) payment to cover debts to local oil firms related to a fuel subsidy programme.. . .
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