Africa

ana’s government debt surged to the highest in at least four years as the West African nation tries to plug a budget gap that’s higher than projected. Total debt was at $38.9 billion at the end of March, up 16% from a year earlier and the highest since at least March 2015, when the central […]

The South African Reserve Bank has frozen its key interest rate for now, but a cut could be on the cards, with some policymakers voting for reductions for the first time in 14 months as they slashed the nation’s economic-growth forecast. While the Monetary Policy Committee decided to maintain the repurchase rate at 6.75%, two […]

Ghana’s slower economic growth in 2018 beat the International Monetary Fund’s forecast, and may set the scene for the West African economy to expand the fastest in the world this year, as the lender predicted last week. Gross domestic product expanded 6.3 percent last year, Samuel Kobina Annim, government statistician at the Ghana Statistical Service, […]

Hopes of an economic revival in Zimbabwe lie in tatters 14 months after President Emmerson Mnangagwa took office, as the nation reels from foreign exchange and fuel shortages, strikes and a dearth of political leadership. Bloomberg reports that disgruntlement with falling living standards spilled onto the streets of Harare, the capital, and other towns at the […]

South Africa emerged from its first recession in almost a decade in the third quarter as recoveries in manufacturing and agriculture contributed to an increase in economic growth. Gross domestic product rose by an annualized 2.2 percent in the three months through September compared with a revised 0.4 percent contraction in the prior quarter, Statistics […]