Economy

October 11, 2017

Africa Update: Ethiopia Devalues its Currency

In the midst of a Forex currency crisis, the National Bank of Ethiopia (NBE) has devalued Birr by 15pc and raised the interest rate by two […]
October 11, 2017

Nigeria Update: Depressed disposable income shifting consumer spending to foods

Although latest indicators showed that the nation’s inflation rate is easing, local manufacturers like PZ Cussons Nigeria Plc have attributed the shifting spending on food and […]
October 9, 2017

Nigeria Update: CBN, stakeholders harp on sustainable development via agric

The Central Bank of Nigeria (CBN) and stakeholders in the renewed drive for economic diversification through agriculture have reiterated that agriculture presents the major opportunity of […]
October 9, 2017

Africa Update: South Africa’s rand steadies, stocks set to open flat

South Africa’s rand steadied against the dollar early on Monday, but hovered near six-month lows as prospects of higher U.S. interest rates dented appetite for emerging […]