AFRICA

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World Bank approves $455 million loan for Tanzania power projects

The World Bank has approved a $455 million loan to Tanzania under its International Development Assistance (IDA) programme to support financing of power projects...

South Africa’s current account deficit widens in Q1 as exports slump

South Africa’s current account deficit widened more than expected in the first quarter to register its largest shortfall in two years as the trade...

Africa’s leaders seek more from mining assets

For nearly six hours senior mining executives met privately with President Joseph Kabila in Kinshasa to debate the controversial mining code proposed for...

Kenya banks slow down on acquisitions and mergers

Commercial banks in Kenya have slowed down acquisitions and consolidation in 2018, having found ways to navigate the tough business environment brought about by...

Nigeria’s Buhari to sign off 2018 budget on Tuesday

Nigerian President Muhammadu Buhari is expected to sign the government’s long-delayed budget into law on Tuesday. This is according to Information Minister Lai Mohammed...

Kenya considering adoption of Chinese yuan as reserve currency

Kenya is considering the adoption of the Chinese yuan as a reserve currency, its central bank governor said on Tuesday. Patrick Njoroge, the Governor of...

Bitcoin sinks to two-month low

Bitcoin fell to a two-month low on Tuesday, sliding in three of the last four sessions on nagging regulatory and security concerns after the...

Zimbabwe, China closer to $1 billion deal to build steel plant...

Zimbabwe and China on Monday signed a 1-billion-U.S.-dollar Memorandum of understanding (MoU) for establishing a steel plant that can produce up to 2 million...

Somali govt to print new currency

Somalia’s Finance minister has announced that the government will print new currency notes to replace the old ones currently in use. Mr Abdirahman Dualeh Beileh...

South Sudan to introduce higher denomination banknote amid soaring inflation

South Sudan government announced the introduction of a new 500-pound banknote in view of the value of 100 note being eroded by inflation. The East African...

Recent

IGAD leaders say Riek Machar is not welcome in their countries

1 hour ago
East Africa’s leaders say South Sudan opposition leader Riek Machar is not welcome in their countries except to join peace talks on his country’s...

UN: Ghana economy is booming but few are benefiting

2 hours ago
A United Nations report finds millions of people in Ghana are not benefiting from the country’s booming economy, but remain mired in poverty. The...

U.S. to send FBI experts to investigate Ethiopia bomb blast

2 hours ago
The United States will send experts from the Federal Bureau of Investigation to Ethiopia to investigate a bomb blast that took place during a...

EU has ‘frank talk’ but doesn’t have solution to migrant crisis

3 hours ago
The leaders of 16 countries survived the “frank talk” of an emergency meeting on immigration and emerged with a veneer of common purpose Sunday...

Opinion

Deji Badmus

NIGERIA: BUHARI’S ANTI-CORRUPTION WAR

There is something about corruption in Nigeria that is, for me, a huge contradiction. Everyone in the country knows it is about the biggest...

How did Zimbabwe get here?

In 2013 a resounding electoral victory handed back full control of Zimbabwe’s Government to ZANU- PF, ending an uncomfortable coalition with the opposition. The four-year...
Robert Kagiri

What China’s ‘New Era’ means for Africa

The curtain finally came down on the Communist Party of China’s (CPC) 19th Congress held between October 18-24, 2017 at the Great Hall of...
CGTN Africa
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