Economy

By Enyichukwu Enemanna Failure to increase the value-added tax (VAT) rate from next month would cause severe economic consequences, South Africa's finance minister has warned, according to court papers. Enoch Godongwana's position comes amidst a stand-off...

By Enyichukwu Enemanna The African Development Bank (AfDB) has urged nations on the continent to bring an end to the practice of exporting raw materials, a move it says will help tackle poverty and underdevelopment. “Africa...

By Lucy Adautin Nigeria and South Africa have entered into a new agreement aimed at enhancing collaboration in the mining sector, Nigeria’s Minister of Solid Minerals Development announced on Thursday, underscoring the country’s efforts to reduce...

By Enyichukwu Enemanna Ghana’s government has taken over the operational control of the Damang mine operated by Gold Fields after it rejected an application from the South African company to renew its lease, the Ministry of...

By Enyichukwu Enemanna The Central Bank of Kenya (CBK) has announced that it will lift the suspension placed on the issuance of new licences to commercial banks in the country. The moratorium, in place since 17...

Global accounting leader PwC has decided to close its offices in nine African countries as part of a strategic overhaul. The move affects operations in Ivory Coast, Gabon, Cameroon, Madagascar, Senegal, both Congos, Guinea, and Equatorial...