Economy

African countries are finding themselves in a tough spot as China and America battle over trade. China recently warned it would punish any nation that makes trade deals with the U.S. if those deals hurt Chinese...

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...