Thursday, 20th January 2022


Articles related to economy

U.S. hails Sudan's economic transition

US aid chief Samantha Power Sunday hailed Sudan's transition during a visit to Khartoum where she discussed with officials the country's urgent economic and humanitarian needs.

Sudan has been going through a rocky transition since the ouster in April 2019 of strongman president Omar al-Bashir.

USAID said ahead of her visit that Western nations…

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Tanzania aims for $2.1bn in m-money tax over five years

The government of Tanzania has set a target of gathering US$2.1 billion in tax on mobile money transactions over the next five years.

Job Ndugai, the president of the National Assembly, told a conference that the money will be used to finance social services.

“The new levy that was approved during the previous parliamentary budget session is…

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IMF: Sub-Saharan Africa’s economy to grow by 3.4% in 2021

Sub-Saharan Africa’s economy is expected to increase by 3.4 percent in 2021, recovering from 1.9 percent contraction witnessed in 2020, the International Monetary Fund (IMF) said on Thursday.

According to the latest report titled “Regional Economic Outlook for Sub-Saharan Africa,” the region’s growth will be supported by improved exports and…

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Angola's public debt is sustainable: official

Angola's public debt contracted by the government on the external market is sustainable, a finance official of the country said on Wednesday.

During the launch of the Citizen's Budget 2021, Patricio Neto, director of the department of studies and international relations of Angola's Finance Ministry, said the latest assessments made so far by the…

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Zimbabwe plans to produce 100 MW from wind energy

The Zimbabwean government is mobilising additional funds to undertake an assessment on possible sites for wind farms after initial bids for the project markedly exceeded the budget earmarked for the project, according to Energy and Power Development Minister Zhemu Soda.

In 2017, the Zimbabwe Energy Regulatory Authority (ZERA) invited bids from…

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