Economy

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 […]
September 21, 2017

Nigeria Update: Equities rebound, indices up by N124 billion

Equity transactions rebounded after a two-day losing streak yesterday, following heavy price gains recorded by major highly capitalised stocks especially Total and Dangote Cement, as indices […]
September 19, 2017

Africa Update: Kenya central bank holds benchmark lending rate at 10.0%

Kenya’s central bank held its main lending rate at 10.0 percent as expected on Monday, saying food supplies were likely to improve and lower pressure on […]
September 19, 2017

World Update: Norway wealth fund hits ‘milestone’ $1 trillion value

Norway’s sovereign wealth fund, the largest in the world, on Tuesday reached the value of $1 trillion dollars for the first time, the Norwegian central bank, […]