Africa
Africa to lose $8.3bn if Trump cuts aid over UN Jerusalem move
President Donald Trump announced his intention to move the U.S. Embassy in Israel to Jerusalem and that did not really…
South African rand, bank stocks rally on hopes of Ramaphosa victory
South African assets rallied early Monday as investor hopes grew that pro-reform candidate Cyril Ramaphosa was likely to have secured…
South Africa’s retail sales rise 3.2% year-on-year in October
South African retail sales rose by 3.2 percent year-on-year in October, lagging market expectations, after increasing by a revised 5.7…
Zimbabwe to relax black ownership laws, increase tax revenues for economic growth
Zimbabwe will trim spending and relax laws that require black citizens to hold majority stakes in companies as well as…
World Bank cuts down Kenya growth outlook over credit, spending
The World Bank lowered its economic growth forecasts for Kenya as delays in spending cuts, weak credit extension, and political…
End in sight for year-long ‘dry spell’ of cashless economy in Zimbabwe
Some Zimbabweans were able to withdraw U.S. dollars from automated teller machines this week for the first time in about…
