Zimbabwe Got Loan From Afreximbank Using Platinum Collateral
Zimbabwe secured a $500 million loan from the African Export-Import Bank to try and stabilize its currency market by offering platinum production as collateral, a person familiar with the details of the agreement said.
The...
How Booming Population Is Challenging Africa
The world’s developed economies are facing a decline in fertility so pronounced that some will see their populations -- and economies -- shrink in years ahead. Sub-Saharan Africa faces the opposite situation: Its population...
Al-Shabaab Demands $1.5 M to Free Abducted Cuban Doctors
Somalia-based Al-Shabaab militant group has demanded a ransom of $1.5 million to release two Cuban doctors, who were kidnapped in Kenya last month, local media reported.
A group of elders from the Kenyan Somali community...
Countries Dependent on Commodities Hit 20-Year High
The number of countries that depend on commodities has reached its highest level in 20 years, says a new UNCTAD report.
UNCTAD defines a country as dependent on commodities when these account for more than...
Moody’s Says Angolan Economy to Return to Growth in 2019
Angola’s economy is likely to emerge from recession this year, growing at 0.3% after three years of contraction, and the debt-to-GDP ratio will fall to around 70%, Moody’s Investors Service said.
The debt burden remains...
Ghana Keen on Crashing ‘Western Togoland’ Separatist Dream
Ghana’s security forces say they are not taking any chances as they deal with a a revolutionary separatist movement seeking to forge a new West African nation.
A joint police and military operation cracked down...
Sudan Crisis: Military and Opposition Agree Three Year Transition
Sudan's military leaders have announced an agreement with the opposition alliance for a three-year transition period to a civilian administration.
The Transitional Military Council (TMC) said the alliance would have two-thirds of the seats on...
Why Are Africa’s Small Countries More Democratic?
While Africa presently remains one of the least democratic continents in the world, the five small African island states with less than 1,5 million inhabitants form a striking exception to this pattern. Mauritius is...
Africa’s Top 250 Companies
South African firms still dominate our ranking of Africa’s top 250 companies by market capitalisation, but firms from the continent’s faster growing economies have increased their presence in the 2019 ranking, as Tom Minney...
Why Tech Giants like Google and Microsoft are investing in Africa
Now approaching 226 million, the number of smartphone connections across Africa has doubled over the last two years, according to a report published by GSMA on Africa's mobile economy.
This leap coupled with the growing...
