Tuesday, March 28, 2023


Africa needs large-scale investment for productivity — UNECA

The United Nations Economic Commission for Africa (UNECA) says Africa needs more large-scale investment from other continents to boost economic productivity in the continent. Mr Jean-Paul Adam, Director for Technology, Climate Change and Natural Resources Management, UNECA, said this at...

Infrastructure critical to Africa’s growth, development — Expert

An economist, Hannah Ryder, has urged the next World Bank president to focus on infrastructure in its support to the African continent. According to the economist and Chief Executive Officer (CEO) of Development Reimagined Firm, infrastructure is crucial to the...

ECA wants African Nations to implement AfCFTA for resilience, global enterprise

The Economic Commission for Africa (ECA), has urged African nations to accelerate implementation of the African Continental Free Trade Area (AfCFTA) to make it more resilient and globally competitive. Acting Executive Secretary of the ECA, Antonio Pedro said this in...

IMF appoints financial supervision adviser for Bank of Ghana

The Bank of Ghana says the International Monetary Fund (IMF) has appointed a Swiss-funded financial supervision adviser to provide it with technical support. The bank said this in a statement on Tuesday. The appointment is coming as the West African nation...

China attaches great importance to Zambia’s debt issue – Official

China would continue to play a constructive role in the settlement of the Zambian debt issue, a spokesperson for the Chinese Foreign Ministry said Tuesday. As a friendly country to Zambia, China always attaches great importance to Zambia’s concerns about...

Nigeria pledges improved trade relations with ECOWAS states

The Nigerian Government has reiterated its commitment towards enhancing trade and economic integration with member countries of ECOWAS and the promotion of efficient operations at Seme-Krake border. This is contained in a statement by Henshaw Ogubike, Director, Press and Public...

Zimbabwean President hails robust progress made in stabilizing economy

Zimbabwe's economic activity remains robust, as evidenced by strong foreign currency receipts, Zimbabwean President Emmerson Mnangagwa has said. Writing in his weekly column Sunday in the state-run Sunday Mail newspaper on his reflections on the Reserve Bank's 2023 Monetary Policy...

Zimbabwean economy to maintain modest growth in 2023: World Bank

Zimbabwe's economy is projected to grow at a modest growth rate in 2023 against a weakening global economic growth outlook, according to the World Bank. Speaking at the Economic and Business Outlook Symposium, organized by the Confederation of Zimbabwe Industries...

Tanzania’s Zanzibar to host travel exhibition to promote eco-tourism

Tanzania's Zanzibar is hosting a travel exhibition this week aimed at promoting eco-tourism, an official has said. The theme of the Feb. 9-11 Zanzibar Tourism Investment and Travel Exhibition (ZTITE) 2023 is "Greener Zanzibar," said Rahim Bhaloo, chairperson of the...

Nigeria records $1bn investment in automotive sector

The Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo said that the Federal Government has recorded more than one billion dollars’ worth of investments in the automotive industry. Adebayo said this when he featured at the 20th edition of...


Two dead as South Africans protest over high cost of electricity 

Two people were killed in alleged police shootings during protests over the cost of electricity in a South African township on Monday, police officials...