Home » Archives by category » Economy

China Says No Trade Talks as Long as Trump Threatens More Tariffs

China Says No Trade Talks as Long as Trump Threatens More Tariffs

  China said talks to resolve the impasse over trade with the U.S. can’t happen as long as President Donald Trump keeps threatening to impose further tariffs.  Just over an hour after the Trump administration imposed further duties on another $200 billion in Chinese goods on Monday, Beijing published a document reiterating its position in […]

Ivory Coast Is Said to Ditch Private Interests in Cocoa Overhaul

Ivory Coast Is Said to Ditch Private Interests in Cocoa Overhaul

Ivory Coast is planning to remove all private representation from the board of its cocoa regulator as the world’s biggest grower prepares to coordinate the marketing of beans with neighboring Ghana, according to two people familiar with the matter. Based on the proposal that the government intends to implement next year, cocoa grinders, exporters and […]

Stiglitz Warns Against Expecting Africa to Repeat Asian Miracle

Stiglitz Warns Against Expecting Africa to Repeat Asian Miracle

Nobel Laureate Joseph Stiglitz said it may be naïve to expect the same kind of economic miracle that occurred in Asia to be repeated in Africa. “That model that was the basis of the success of East Asia won’t be available to the same extent for Africa going forward,” Stiglitz said at a conference in […]

South Africa’s Rand Firmer As Emerging Markets Take a Breather

South Africa’s Rand Firmer As Emerging Markets Take a Breather

South Africa’s rand firmed against the dollar early on Tuesday as some emerging market currencies that sold-off sharply in recent weeks regained some lost ground. At 0650 GMT the rand was 0.77 percent stronger at 15.0925 per dollar compared to a close of 15.2100 in New York. Investors remain cautious in the rand though following […]

Botswana Says China Agreed To Extend Loan, Cancel Debt

Botswana Says China Agreed To Extend Loan, Cancel Debt

China has agreed to extend a loan to Botswana for rail and road infrastructure as well as writing off some debt, Botswana’s President Mokgweetsi Masisi said on Saturday. Speaking at the airport on his return from this week’s China-Africa forum in Beijing, Masisi said Botswana had made a pitch to China and “I am happy […]

Equatorial Guinea Said to Plan to End Oil-Service Contracts

Equatorial Guinea Said to Plan to End Oil-Service Contracts

Equatorial Guinea may exclude oil-service companies TechnipFMC Plc, Subsea 7 SA and Schlumberger Ltd. from the country because they aren’t complying with local-content rules over training and jobs, said a government official. Major oil companies could be asked by the end of September to cancel their contracts with those service providers and issue new tenders, […]

Kenya Plans to Court Ryanair, easyJet to Boost Beach Tourism

Kenya Plans to Court Ryanair, easyJet to Boost Beach Tourism

Kenya plans discussions with low-cost airlines such as Ryanair Holdings Plc and easyJet Plc to begin flying to the East African nation famous for its beaches and safaris, its tourism minister said. Tourism is one of the country’s biggest generators of foreign exchange after remittances and agricultural exports, and earned the nation 119.9 billion shillings […]

A $50 Billion Fight Over Who Owns South African Central Bank

A $50 Billion Fight Over Who Owns South African Central Bank

South Africa’s Lesetja Kganyago has a fight on his hands to protect the central bank’s $50 billion of reserves. More than eight months after the ruling African National Congress decided that the South African Reserve Bank should be state-owned, like most other central banks, the governor said his main concern remains to protect the regulator’s […]

China’s TBEA To Invest In 180 mln Euro Gabon Hydropower Project – Gabon official

China’s TBEA To Invest In 180 mln Euro Gabon Hydropower Project – Gabon official

Chinese energy firm TBEA will invest in a 180 million euro ($209 million) hydropower project in Gabon alongside the West African country’s sovereign wealth fund, a Gabonese official said on Saturday. Construction will begin “pretty soon” on the project, which will have a power generation capacity of 70 megawatts in the first phase, Liban Soleman, […]

South African Banks Weigh New Fund to Boost Black Farm Ownership

South African Banks Weigh New Fund to Boost Black Farm Ownership

  South African banks are in talks to start a joint fund that could be used to accelerate the transfer of land to black people as they seek to protect billions of rand in assets tied up in farm loans. Lenders are wading into the racially charged land-reform debate as the ruling party embraces calls […]

Page 1 of 41123Next ›Last »