Ghana's new government plans to review its $918 million programme with the International Monetary Fund because it may need more money for its spending plans, a minister-designate said on Friday.
South Africa's economy will get a boost from perkier commodity prices, a benign inflation outlook and better rains for the agriculture sector this year, a Reuters poll found on Thursday.
Zimbabwe's tax agency ZIMRA said on Thursday it failed to meet its 2016 revenue target by 4 percent, as the economy stalled and weak global commodity prices hit mineral royalties.
Africa's richest man Aliko Dangote has partnered with China's heavy duty truck group Sinotruck to set up a $100 million plant to assemble trucks and cars in Nigeria for local use and export, the executive director of Dangote group said.
Nigeria's efforts to secure funds from international lenders to help haul it out of recession have stalled because it has not submitted the required economic reform plans, according to one of the banks and sources close to the matter.
Africa's biggest wind power scheme, the Lake Turkana Wind Power project in Kenya, should be fully connected to the national electricity grid and producing power by the end of June, a director at the consortium building the project said on Wednesday.
South Africa's automotive sector, the country's largest manufacturing industry, expects a slight increase in new vehicles sales this year as economic growth gains pace thanks to commodity price rises and a recovery in farming.
- Tanzania seeks $200m World Bank loan to clear arrears of state utility
- Nigeria's NNPC proposes changes to increase deepwater oil revenues
- South Africa examines Barclays Africa over apartheid-era bailout
- Zimbabwe telecoms hike draws charges of social media crackdown
- Carbon deposit in Congo swamp equal to 20 years of US gas emissions
- Nigeria to sell diaspora bonds in March after eurobond issue: source
- Uganda and Tanzania award crude pipeline design contract to US firm