Africa

Tanzania fires mining minister

President John Magufuli of Tanzania on Wednesday fired the mining minister and the chief of the state-run mineral audit agency.…

Kenya’s current account deficit widens to 7.7 percent in February

Kenya's current account deficit widened to 7.7 percent of GDP in February from 5.9 percent the same time a year…

Egypt budget deficit down to 8 percent of GDP in first nine months of 2016-17

Egypt's budget deficit for the first nine months of the 2016-17 fiscal year ending in June dipped to 8 percent…

Zambian Central Bank cuts key rate as food prices set to fall

Benchmark policy rate is now at lowest level since 2015 Inflation was unchanged at 6.7% in April, lowest since 2013…

NPA, Dangote, Flour Mills to raise N4.5bn for access roads reconstruction at Apapa

The Nigerian Ports Authority (NPA) has indicated that it plans to raise N4.3 billion, in conjunction with Dangote and Flour…

Banks depict South African Rand probe as vague, embarrassing

Some of the banks accused of manipulating trades in the rand are objecting to the complaint by South Africa’s Competition…