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South African rand’s rise fueled by ‘Ramaphosa rally’

  South Africa’s rand extended recent gains early on Friday, a day after Cyril Ramaphosa was sworn in as the country’s president. Many financial analysts hope Ramaphosa's rise to the presidency helps bring an end...

Citigroup targets rapid Africa, Middle East growth in 2018

Citigroup expects 2018 to be its best year for investment banking in the Africa and the Middle East in at least a decade, a senior executive at the U.S. bank said. Nigeria and Egypt will...

IMF approves $44.5 million credit for Madagascar

The International Monetary Fund (IMF) said it has approved a further $44.5 million credit for Madagascar, as part of a drive to support the country’s economic recovery. The IMF and other international organization resumed ties...

Rwanda opens first methane electricity plant

Rwanda has formally opened a unique methane power, which it is hoped will one day provide 60% of the country's electricity, according to its operator. The generation station on Lake Kivu in Rwanda's west will...

Brazilian economy: Slowdown seen as major cause of impeachment

The impeachment process against Brazil's first female president - Dilma Rousseff, is moving ahead. The country's senate voted late Wednesday to suspend Rousseff's presidency. Analysts have always believed that Brazil's slowdown has been a major...

Ghana benefiting from a joint aviation venture with China

To our special series on Rediscovering Africa.  The aviation market has been booming on the continent. Ghana's Africa World Airlines is a joint venture between Chinese and Ghanaian. For many people in Ghana, travelling by...

Zimbabwe Outlook optimistic despite slowing growth to 1.5%

  In boardrooms all over the country executives are gathering to take stock of the year that has been. It's been a difficult one for many with the familiar challenges no liquidity, expensive money and...

Mixed fortunes for Egyptian economy in 2015

Two major events gave a much needed boost to Egypt's economy in 2015; first, was the Sharm el Sheikh economic summit, in March. Attended by world leaders, it attracted over 100 billion dollars in signed...

Government has lost 80 billion US dollars since 2011 as widespread graft plagues Egypt

For years the spread of Corruption in state institutions has been a complaint among many Egyptians. In 2014 the country ranked 94th in the world's corruption index, according to transparency international. This weekend the Central Audit...

Use of straw helps curb deforestation & carbon emissions in Senegal

An alternative to timber cutting now exists in Senegal. It is the use of green charcoal. The method involves unused agricultural residues or renewable biomass which would otherwise go to waste, and transforming them...