Business

Sun,22Jan2017

Business

Ghana's new government says will review $918 million IMF deal

Woman help each other as they collect water from the Dikunani dam in Savelugu, Ghana, in this 2007 file photo. Photo: OLIVIER ASSELIN/AP/SIPAGhana'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.

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South Africa economy poised for growth, stable repo rate in 2017

Johannesburg's skyline. Photo: Themba Hadebe/AP/SIPASouth 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.

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Zimbabwe tax agency says misses 2016 revenue target due to weak economy

Zimbabwean President Robert Mugabe addresses people at an event before the closure of his party's 16th Annual Peoples Conference in Masvingo, Zimbabwe, December, 2016. Photo: Tsvangirayi Mukwazhi/AP/SIPAZimbabwe'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.

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Dangote, China's Sinotruck set up $100 mln truck plant in Nigeria

Nigerian billionaire businessman Aliko Dangote, speaks during the World economic forum on Africa in Abuja, Nigeria, 8 May, 2014. Photo: Sunday Alamba/AP/SIPAAfrica'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.

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Nigeria's efforts to secure international loans hit deadlock

Motorcycle taxi riders in Ilorin, Nigeria. Photo: George Osodi/AP/SIPANigeria'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.

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Kenya's Lake Turkana wind power scheme readying for production by July

The Lake Turkana wind power project. Photo via FlickrAfrica'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.

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South Africa carmakers see sales growth in 2017 after years of decline

Photo via Toyota South AfricaSouth 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.

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