Economy

Cape Town News

Economy 07 Aug, 2007

Fuel industry workers have ended their eight-day strike after employers and unions bowed to public opinion and the government and reached a compromise deal over disputed pay. However, the fuel shortag...

Cairo News

Malay car manufacturer to open assembly plant in Egypt.

Economy 07 Aug, 2007

Malaysia

Addis Ababa News

Actis looking to invest in Ethiopia.

Economy 31 Jul, 2007

The UK-based private equity company Actis is looking for investment opportunities in Ethiopia as part of efforts to expand its presence in East Africa. Founded three years ago on the back of British g...

Nairobi News

Top salaries for top managers in Kenya.

Economy 31 Jul, 2007

Top managers in Kenya have more disposable income than their counterparts in many industrialised countries according to a survey ranking salaries of chief executives in 48 countries worldwide. The Wor...

Lagos News

General strike begins in Nigeria.

Economy 19 Jun, 2007

Workers across the country downed their tools on 20 June for the first day of an indefinite general strike in protest over unpopular measures introduced by outgoing president Olusegun Obasanjo the day...

Cape Town News

Public sector strike continues.

Economy 17 Jun, 2007

Public sector workers in South Africa have entered their third week of strike action as unions and government representatives struggle to reach an agreement over demands for increased pay. Negotiators...

Cape Town News

World Economic Forum on Africa.

Economy 13 Jun, 2007

The World Economic Forum on Africa is underway in Cape Town until 15 June. The three-day meeting of government representatives, economists and members of the business and finance communities is on the...

Accra News

Ghana’s ATMs out of action for currency changeover.

Economy 12 Jun, 2007

Ghanaian bank account holders will not be able to withdraw cash from automated teller machines (ATMs) across the country from 30 June to 2 July in view of the introduction of the new cedi coins and no...

Cairo News

Morgan Stanley to open office in Egypt.

Economy 04 Jun, 2007

Leading international financial services company Morgan Stanley has said that it is seeking regulatory approval to open an office in Cairo in an attempt to consolidate its existing presence in North A...

Nairobi News

Housing price slump in Nairobi.

Economy 17 May, 2007

There is bad news for property owners and developers in Nairobi as the 2003-2005 housing boom is creating its first casualties,

Cairo News

Egypt motor of economic growth for Africa.

Economy 17 May, 2007

In 2006 Africa registered the highest economic growth in 20 years, at 5.5 per cent of gross domestic product (GDP), and this figure is set to increase to 6 per cent in 2007 according to a joint report...

Accra News

New cedi notes and coins unveiled.

Economy 03 May, 2007

The Bank of Ghana has unveiled the new Ghana cedi notes and coins and pesawa coins that are due to come into circulation on 1 July. The notes are in denominations of 1, 5, 10, 20 and 50 cedis, while t...

Lagos News

Nigeria suffers crippling power shortage.

Economy 22 Mar, 2007

Nigeria is in the grips of a power generating crisis that risks strangling the local economy, the Financial Times reports. Power generation in Africa

Nairobi News

Grain trade summit in Kenya.

Economy 09 Mar, 2007

The Eastern Africa Grain Council in Nairobi is to host the second African grain trade summit from 18-19 April on the theme

Lagos News

New Nigerian banknotes.

Economy 09 Mar, 2007

Redesigned banknotes have been introduced in Nigeria to make the country

Accra News

Believe Begin Become Ghana.

Economy 15 Feb, 2007

Applications are now open for

Maputo News

Old Metical no longer legal tender.

Economy 03 Jan, 2007

On 1 January the old Mozambican notes and coins ceased to be legal tender although they are still being used occasionally for transactions across the country, local news sources report. Under the curr...

Accra News

Currency reform in the making.

Economy 30 Nov, 2006

The Bank of Ghana has announced plans to reform the country

Nairobi News

Kenyans4kenya investment conference.

Economy 20 Nov, 2006

Kenyans living abroad are the target of a conference in London on 9 December to promote investment opportunities in the East African country. The event, under the title Kenyans4kenya - The Kenya Diasp...

Accra News

Actis Africa Real Estate fund for investors.

Economy 24 Oct, 2006

British government-backed emerging markets investor CDC has set up a $100 million fund the Actis Africa Real Estate Fund to back property developments in sub-Saharan Africa. Based in Johannesburg bu...

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