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African News

Somali leader names new prime minister

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Somali President Mohamed Abdullahi Farmajo has named Mohamed Hussein Roble as prime minister. The president said Mr Roble was selected on the basis of “his...
Business

NSE set to sensitise investors on derivatives market

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The Nigerian Stock Exchange (NSE) will Tuesday, host a capacity-building workshop to make investors have a better understanding of the derivatives product and highlight its...
African News

Zimbabwe government blasts ‘evil-minded’ archbishop

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Zimbabwe’s government has accused the head of a Catholic bishops congress of stoking division and seeking to create a “genocide” after the group spoke out...
Business

Saudi Aramco profits dive 73% as coronavirus batters oil demand

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Energy giant Saudi Aramco said on Sunday its second-quarter profits plunged a massive 73 percent due to sharply lower oil prices as the coronavirus crisis...
Business Finance

South Africa’s central bank plans more reverse bond repurchases

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South Africa’s central bank will extend its tool kit to manage market liquidity by adding short-term, bilateral reverse repurchases of government bonds from commercial banks,...
Business Finance

Kenya central banker says still has ‘plenty of firepower’

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Kenya’s central bank governor said on Thursday that policymakers still have “plenty of firepower” to combat impact of the coronavirus crisis on the economy. Policymakers...
African News

IMF calls for cautious reopening of Africa

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As African countries commence the re-opening of their economies, the International Monetary Fund (IMF) has counselled them to do so cautiously because the pandemic is...