Economy

Amid the gloom lie some positives. African economies now have on average 5.7 months of reserves to cover imports, policy frameworks are sounder, government ministries are better st...

The uncertainty about the future of Central Bank Governor Charles Chukwuma Soludo reflects the drift in Nigeria’s policy over the past 18 months. Soludu, who was appointed in May 2...

Bankers in Dar es Salaam last week predicted a catastrophic downturn in African economies unless serious measures were implemented. These would have to include substantial packages...

The financial crisis has had one indisputable effect: it has put the World Bank and the International Monetary Fund back in business in Africa. Suddenly there is no more talk about...

South African Finance Minister Trevor Manuel, despised by African National Congress President Jacob Zuma's bedrock supporters on the party's left and populist wings, is busy making...

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 President Umar...

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 lossmaking Virgin ...

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...

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 stati...