Economy

September 22, 2017

Africa Update: S.African c.bank defies expectations by keeping rates at 6.75%

South Africa’s central bank kept its benchmark repo rate at 6.75 percent on Thursday, defying expectations of a cut based on easing inflation pressures and a […]
September 22, 2017

Africa Update: “Africa will become the food basket of the world” – Dangote

Nigerian business leader Aliko Dangote told investors “Agriculture, agriculture, agriculture. Africa will become the food basket of the world.” In a packed room at the headquarters […]
September 21, 2017

World Update: Dollar extends yen gains in Asia as Fed, BoJ diverge

The dollar built on gains against the yen Thursday after the Federal Reserve unveiled plans to wind down its crisis-era stimulus and hinted at another interest […]
September 21, 2017

Africa Update: Zimbabwe to pay $1.8BN in foreign arrears only when economy is stronger: finance minister

Zimbabwe’s Finance Minister on Wednesday said the southern African nation would not be able pay $1.8 billion in arrears to the World Bank and African Development […]