HomeAfrica

News Africa

Kenya’s tax collection jumps 14% despite economic slowdown

The Kenya Revenue Authority (KRA) recorded a tax collection boom in the second quarter of 2012, with a 14% growth in revenue, mainly from domestic taxes.

Nigerian cocoa firm signs alliance with US company

A Nigerian beverages company, FTN Cocoa Processors Plc, has signed a five-year Strategic Partnership Alliance with Transmar Group of America, one of the

Kenyan Central Bank continues to ease credit tightening policy

Kenya's Central Bank (CBK) lowered the base lending rate to 9.50% from 11% on Thursday, but warned it would continue to monitor key trends in theeconomy

Maghreb Bank for external trade to be set up in March

The Maghreb Bank for External Trade (BMCE), which seeks to finance major infrastructure projects common to the five countries of the Arab Maghreb Union will start operation 

IMF approves US$57m additional funding to Tanzania

On Following the completion of the fifth review of Tanzania’s economic performance 

Nigerian firm plans expansions of gas stations for motorists

The Nigerian Independent Petroleum Company (NIPCO) plans to expand its Compressed Natural Gas (CNG) stations across the country to serve more customers

Mobile phone penetration rate rises in Rwanda

Mobile phone penetration rate in Rwanda has increased considerably over the past five years, from 6.2% in 2006 to 45.2% at the end of 2011, Rwanda’s National Statistical Institute 

Nigeria, Ivorian airlines explore partnership

Nigeria's largest domestic airline, Arik Air, and Cote d'Ivoire's new carrier Air Cote d'Ivoire, are exploring a partnership that could help resolve the challenges of intra-Africa connections

Ghana’s inflation dips to 8.8 per cent in December 2012

Ghana's rate of inflation for December 2012 dipped at 8.8 per cent, down from 9.3 per cent recorded in November.

Christine Lagarde hails ‘progress’ in Mauritanian economy

 The managing director of the International Monetary Fund (IMF), Christine Lagarde, on Wednesday said she was pleased with progress made by Mauritanian

New rules out for micro finance banks in Nigeria

A new set of rules that will moderate the activities of Micro-Finance Banks (MFBs) operating in Nigeria and strengthen the banks in playing their poverty reduction and wealth

Nigerian airports record 13m passengers in 2012

About 13.4 million passengers travelled through Nigeria's airports in 2012, compared to 11 million travellers in 2011, representing an increase of 2.4 million
- Advertisement -

MOST POPULAR

HOT NEWS