Economic News Africa

South Africans prepares for further pain as recession bites

South Africans prepares for further pain as recession bites

The arrival of spring in the southern hemisphere will bring little joy to many South Africans, who are now…

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In a bid to fix ailing economy, President of Sudan dissolves government

In a bid to fix ailing economy, President of Sudan dissolves government

The announcement had told of a reduction in the number of ministries from 31 to 21. As Khartoum aims…

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Despite subdued economy, big 4 banks of SA bring in profits

Despite subdued economy, big 4 banks of SA bring in profits

The study by The PricewaterhouseCoopers (PwC) on the four biggest banks of the country has shown that profits of…

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North Korea uses 70th anniversary to push the economy

North Korea uses 70th anniversary to push the economy

North Korea held a major military parade and revived its iconic mass games to celebrate its 70th anniversary, but…

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Farmers of South Africa play chicken with tariffs slapped by Trump

Farmers of South Africa play chicken with tariffs slapped by Trump

For many years the US and South Africa have argued over the chicken business. Washington has denied the South…

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In spite of Debt Burden, Africa Considers China Is Odds-on-Favorite for Financing

A number of African nations are looking forward to reconstructing their debt with China during the Beijing summit which…

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Alibaba's Ma Yun launches an initiative to help young African entrepreneurs

Alibaba’s Ma Yun launches an initiative to help young African entrepreneurs

Chinese e-commerce giant Alibaba’s Chairman Ma Yun launched on Wednesday here the Netpreneur Prize to support exemplary African business…

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Nigeria to Adopt Chinese Yuan as Reserve Currency

Nigeria is now the most recent country to intensify its efforts to adopt the Chinese Yuan as its reserve…

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London tribunal states Djibouti’s port seizure is illegal

London tribunal states Djibouti’s port seizure is illegal

The London Court of International Arbitration has ruled that the seizure of the control by the Djibouti government of…

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IMF warns South Africa’s economy still faces major risks

IMF warns South Africa’s economy still faces major risks

The International Monetary Fund has warned that South Africa still faces major risks despite a stabled economic growth forecast…

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