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South Africa’s economy grew at fastest pace in 14 years in...

South Africa’s economy expanded at its fastest pace in 14 years in 2021. South Africa’s gross domestic product (GDP) increased by 4.9 percent in 2021, rising significantly...

Ghana’s first oil exploration licensing round attracts big global interest

Sixteen oil and gas firms submitted applications for one or more of five Ghanaian offshore blocks in the West African country's first exploration licensing...

World Bank provides $750 million to spur Kenya’s post-pandemic growth

The World Bank has approved 85.77 billion shillings (about 750 million U.S. dollars) to help accelerate Kenya's ongoing inclusive and resilient recovery from the...

Nigeria hopes new visa policy attracts trade, boosts economy

Nigeria has relaxed its immigration regulations in a new visa policy unveiled by the president, interior minister and other top technocrats at the presidency...

Tanzania looks to boost textile sector at China Int’l Import Expo

Tanzanian authorities said the east African country was looking forward to promoting trade at the second China International Import Expo (CIIE) which is being...

IMF approves financing plan of debt relief to Sudan

The International Monetary Fund (IMF) executive board approved on Monday a financing plan to help mobilize resources needed for the fund to cover its...

GSK to switch to third-party distribution of medicines in Kenya, no...

British pharmaceutical giant, GlaxoSmithKline (GSK) is ceasing commercial operations in Kenya but wants consumers to know that it will continue supplying medicines and vaccines...

Ethiopia allows almost 1 million refugees to leave camps and work

Ethiopian lawmakers on Thursday voted overwhelmingly to approve a law giving almost 1 million refugees the right to work and live outside of camps....

Kenya Airways records more than KSH 36 billion loss in 2020

Kenya Airways recorded a pretax loss of Ksh36.57 billion in 2020, nearly triple the previous year's loss of Ksh12.9 billion. The airline announced on Tuesday...

Botswana economy forecast to grow 8.8 pct in 2021

Botswana's economy is forecast to grow by 8.8 percent in 2021, an official said Tuesday. The improvement is premised on conducive financing conditions associated with...