Business

Thu,11Feb2016

Business

Ghana: Finance minister sees economic recovery after IMF deal

Ghana's finance minister Seth TerkperGhana's finance minister says the country's economic indicators point to a positive trend, given vast improvement in fiscal and current account balances in addition to a surge in real gross domestic product and calm inflationary pressures.

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Zambia sees higher economic growth on improved power supply

Zambia's economy is expected to expand by 3.7 percent this year, largely stable from last year but could grow more than four percent in 2017, the deputy finance minister said on Wednesday.

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Mining: AngloGold's Ghana mine partner, Randgold requires investment deal for Obuasi

Africa's top gold producer AngloGold Ashanti said on Wednesday that it would not look for a new joint venture partner for its Obuasi mine in Ghana until it had an investment agreement with the government.

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Nigeria: Parliament delays vote on revised 2016 budget

Nigeria's parliament has postponed voting on the 2016 budget from Feb. 25 because ministers cannot agree on revised public spending plans, lawmakers said on Tuesday.

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Zimbabwe central bank governor decries diamond industry secrecy

John Mangudya, Governor Reserve Bank of ZimbabweZimbabwe's central bank governor has bemoaned the secrecy surrounding the country's diamond industry saying it was difficult to track income from the sector.

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Ghana: Harsh weather to affect Ghana cocoa output

File photo©ReutersGhana could lose as much as 25 percent of its projected cocoa output this season as harsh winds and a lack of rain confound efforts to boost yields in the world's second-largest producer, a government source said.

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Mining: Randgold checks electric storm blackouts at DRC mine

Mark Bristow, Chief Executive - Randgold ResourcesMining in Democratic Republic of Congo has many challenges and as Randgold Resources developed its Kibali gold mine in the north-east of the central African nation, it came across an unexpected one: the weather.

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