Economy

July 25, 2018

Africa Update: Why BRICS bank is loaning South Africa and China $300 million each

JOHANNESBURG (Reuters) – The New Development Bank, set up by the BRICS group of emerging economies, has approved loans of $300 million for energy projects in […]
July 25, 2018

Africa Update: China plans to invest $14.7 billion in South Africa

PRETORIA (Reuters) – China would invest $14.7 billion in South Africa President Cyril Ramaphosa said on Tuesday after talks between the two countries, news that sent […]
July 25, 2018

Nigeria Update: Risk to economy soars as 2019 politics takes stage

Analyst’s project that Nigeria’s political uncertainty will negatively affect its economy, from the markets to the purchasing power of its citizens. After months of intrigues, suspense, […]
July 25, 2018

Nigeria Update: CBN holds monetary rates steady for two years

Foe the 12th consecutive time in two years, the Central Bank of Nigeria (CBN) has retained all the monetary policy rates for the country. The decision […]