Economy

Watching oil prices fall from US$147 a barrel to $57 over the past month and listening to endless media speculation about his health must have been disconcerting for...

Britain’s Virgin Atlantic has lost the first round in its battle with Nigeria’s government and is expected to sell all but 7% of its 49% stake in the...

Soaring food and fuel prices dominated the African Development Bank's Annual Meeting in Maputo on 14-15 May, in contrast to last year's optimistic, Asia-oriented summit in Shanghai. With...

High oil prices are slowing down Sierra Leone's electrification plans, says President Ernest Bai Koroma. Many countries face the same problem. Rising costs at oil-fired power stations reinforce...

It is universally accepted that a Malawian government's legitimacy is determined by the latest maize harvest. 'Chimango ndi moyo' (Maize is life) is an expression often heard and...

So-called 'vulture funds' threaten the highly indebted countries that the International Monetary Fund is trying to rescue from the burden of debts they cannot pay. Many of the...

World Bank President Robert Zoellick, followed closely by United States President George Bush and French President Nicolas Sarkozy, led the procession of Western leaders on their pilgrimages to...

The rich world's economies are sick and the looming recession in the United States has already triggered days of panic selling in Western and now Asian markets. Africa...

Fund managers are keeping one eye on the global market twitches and another on some of Africa’s rockier political systems as they try to assess news risk in...

The European Union’s Africa policy is in a shambles after the diplomatic disaster of the Economic Partnership Agreements, the multilateral trade accords which so many African states have...

If Asia's economic growth has offered African exporters a fast-growing and lucrative market and its hyper-economies - China and India - have become important sources of investment capital, then this time...

Chaos in Western-dominated capital and money markets has spared Africa so far. Many economists believe that Africa might be largely insulated from the first wave of damage from...