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IMF approves Morocco’s $2.97B precautionary loan

The International Monetary Fund (IMF) has approved a $2.97 billion precautionary and liquidity line (PLL) facility to help Morocco ward off external economic shocks. The...

SA’s Naspers leads $540m investment in Indian tech startup

Naspers and Canada’s state pension fund have invested $540 million in Indian educational technology startup Byju’s. Bengaluru-based Byju’s launched a learning app in 2015 that...

Zimbabwe inflation climbs to 10-year-high of 31 percent

Zimbabwe’s inflation soared to a fresh 10-year high of 31.01 percent year-on-year in November from 20.85 percent in October after prices of basic goods...

Nigeria launches $1.1bn lawsuit against Shell, Eni

The Nigerian government is taking oil giants Shell and Eni to court in London, requesting the return of $1.1 billion as part of a...

South Africa president seeks debt swap alternatives for Eskom

The South African government is looking at alternative options to pull out state run power company Eskom out of its financial doldrums. This as President...

EAC bloc pledges to ease trade through reforms

Five East African countries have pledged at a Ministerial meeting on Thursday to implement trade facilitation reforms to boost economic integration in the region. Representatives...

Tanzania to sign deal this week for $3 billion power plant

Tanzania will sign a deal this week for the construction of a $3 billion hydroelectric power plant, the president said in remarks broadcast on...

Zambia’s chamber of mines anticipates 21,000 job cuts with planned taxes

Zambia’s mining sector could shed up to 21,000 jobs over the next three years, if proposals by the government to introduce higher taxes take...

Kenya calls for joint efforts to curb cybercrime, mobile money fraud

Kenyan financial institutions and banks have been challenged to collaborate in efforts to clamp down on increasing cases of mobile money fraud and cybercrime. According...

South African stock market poised for a rally in 2019

It’s been a rough year for South African stocks, but signals are emerging that they’re set for a rebound in 2019. Cheap valuations, flows into...

Recent

Sierra Leone’s doctors end nationwide strike

4 hours ago
Doctors in Sierra Leone have ended a 13-day strike pushing for better pay and working conditions that had paralyzed the country’s hospitals. The health ministry...

Kenya allocates $50.7M to promote balanced economic growth

4 hours ago
Kenya has allocated 5.2 billion Kenya shillings (about $50.7 million) to promote balanced economic growth in the current financial year, officials said on Tuesday. The...

FIFA bans former Gambia football head for corruption

5 hours ago
World football governing body FIFA has banned former president of the Gambia Football Federation Seedy Kinteh from all football activities for four years. This after...

IMF approves Morocco’s $2.97B precautionary loan

5 hours ago
The International Monetary Fund (IMF) has approved a $2.97 billion precautionary and liquidity line (PLL) facility to help Morocco ward off external economic shocks. The...

Opinion

CGTN Africa

Opinion: Strong, fair trade with China critical to Africa’s development

1 month ago
by Dr. David Monyae The Africa-China relationship can best be described as comprehensive and strategic at this stage. This is primarily due to multiple agreements...
CGTN Africa

Opinion: Through CIIE, China projects bold new vision of the future

1 month ago
  by Ken Gichinga A new economic vision for China was unveiled during the launch of the world’s first International Import Expo in Shanghai. In his...
CGTN Africa

Opinion: China International Import Expo, A New Approach to Global Trade

1 month ago
By Edward Kusewa  The China International Import Expo (CIIE) is being dubbed by some experts as the newest approach in global trade. In describing this...
CGTN Africa