Business

Wed,21Feb2018

Business

IMF says it stopped Kenya's access to $1.5 bln standby credit

The International Monetary Fund (IMF) is seen in Washington, Tuesday, June 28, 2011. Photo: Alex Brandon/AP/SIPAThe International Monetary Fund stopped Kenya's access to a $1.5 billion standby credit facility last June after failing to agree with the government on a reduction of the fiscal deficit, the fund said on Tuesday.

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Somali traders protest tax hikes by shutting down Mogadishu's main market

A Somali worker carries mattresses on his head in Bakara market, Somalia, Thursday May 26, 2011. Photo: Farah Abdi Warsameh/AP/SIPASomali traders boycotted business on Sunday (February 18) to protest tax hikes imposed by the government. Stalls in Mogadishu's sprawling Bakara market - a lifeline for the city and surrounding areas, remained closed for the day.

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South African budget to set out "tough" measures to repair post-Zuma economy

Finance minister Malusi Gigaba, speaks to journalists at the presidential guest house in Pretoria, South Africa, March 31, 2017. Photo: Themba Hadebe/AP/SIPASouth Africa's finance ministry is set to spell out "tough decisions" in its 2018 budget on Wednesday to plug a revenue gap and narrow the deficit, providing an early look at how new President Cyril Ramaphosa plans to repair the ailing economy.

 

 

 

 

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Nigeria's tech pioneer: 'The future is not to rely on US accelerators'

Bosun Tijani, Chief executive and co-founder of Co-Creation Hub, Nigeria - Martyn Hicks Photography/Indigo Trust

A key pioneer of the Nigerian tech start-up scene, Tijani is adamant that only local ecosystems can sustain the sector and prevent an exodus of talent to the West

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New Tunisian central bank chief promises "extraordinary measures"

Marouane El-Abassi, the new chief of the Tunisian central bank attends a meeting at the Tunisian parliament, Thursday, Feb.15, 2018 in Tunis. Photo: Hassene Dridi/AP/SIPAFormer World Bank official and economics professor Marouane el Abassi was confirmed by Tunisia's parliament as the new central bank governor on Thursday, promising "extraordinary measures" to lift the country's economy.

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South Africa declares drought a national disaster

14022018SouthAfricaSouth Africa has declared a national disaster over the drought afflicting southern and western regions including Cape Town, though the city pushed back its "Day Zero", the day the city's taps will run dry.

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Central Asia Metals looks to enter Africa in search of copper project

Sept. 20, 2016: Zambia's President Edgar Lungu speaks during the 71st session of the United Nations General Assembly, at U.N. headquarters. Photo: Frank Franklin II/AP/SIPABase metals miner Central Asia Metals (CAML) is on the hunt for a new copper project in Southern Africa for up to $400 million in what would be its first foray into the continent, its chief executive said.

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