File photo: Dollars

South Africa's govt to borrow $7 billion as debt rises

Business Jun 25
Finance Minister Tito Mboweni says government will need to borrow US$7 billion from international finance institutions as one of the measures to cover the budget hole brought about by South Africa's response to the COVID-19 pandemic.
Dr. Ngozi Okonjo-Iweala, Nigeria's former Minister of Finance
Dr Ngozi thanks ECOWAS for endorsing her for WTO top post
Business Jun 24
Former Nigeria’s Minister of Finance, Dr. Ngozi Okonjo-Iweala has thanked the Economic Community of West African States (ECOWAS) for endorsing her candidature for the position of Director-General of the World Trade Organisation.
Afreximbank President, Prof. Benedict Oramah
Prof. Benedict Oramah re-appointed as Afreximbank president
Business Jun 23
Shareholders of African Export-Import Bank (Afreximbank) have voted and re-appointed Prof. Benedict Oramah as President of the Pan-African multilateral financial institution for a second 5-year term.
Aliko Dangote, President of Dangote Group
Dangote cement sustains 54,000 jobs in four African countries
Business Jun 23
President of Dangote Group, Aliko Dangote, has said that despite the challenging economic situation in 2019, Dangote Cement was able to sustain 54,000 jobs in four African countries, where the company has its operations. The countries are Nigeria, Ethiopia, Senegal and South Africa.
Kenyan President Uhuru Kenyatta
Kenya's president says talks on trade deal with U.S. delayed
Business Jun 20
Kenya has delayed talks on a trade deal with the United States until a pan-African trade bloc comes into force, President Uhuru Kenyatta said on Thursday, likely holding up what would be Washington’s first such pact in sub-Saharan Africa.
President of China, Xi Jinping
China to cancel interest-free loans to African nations
Business Jun 19
China will cancel interest-free loans to African countries that are due to mature by the end of 2020, President Xi Jinping has announced.
Professor Samuel Kobina Annim, Government Statistician
Ghana’s economy expands 4.9 percent in first quarter 2020
Business Jun 18
Ghana’s economy expanded 4.9 per cent year-on-year in the first quarter of 2020 compared to 6.7 per cent in the same period last year, driven mainly by the services sector, the Ghana Statistical Service (GSS) said on Wednesday