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Monday, December 2, 2013
Five east African countries on Saturday signed a protocol to establish a monetary union, in a first step towards creating a single currency.
Wednesday, November 13, 2013
Fastest growing mobile market is still in Africa
Sub-Saharan Africa is set to remain the world's fastest growing mobile market in the coming years, an industry report said Monday.
Monday, October 28, 2013
Working wood locally in Congo Basin poses challenge
Countries of Africa's Congo Basin would like to grow richer by making and selling products from their abundant supply of timber, but experts see a path strewn with obstacles.
U.S. firm Marathon Oil (MRO.N) will continue operating in Libya after giving up plans to sell its stake in Waha Oil Company, Oil Minister Abdelbari Arusi said on Saturday.
Sunday, October 27, 2013
Leaders of the 15-nation Economic Community of West African States (ECOWAS) agreed on Friday to implement a single customs tariff regime from 2015 in an effort to accelerate economic integration.
Wednesday, October 23, 2013
The International Monetary Fund said on Monday it had approved Sierra Leone for a US$96 million, three-year enhanced credit facility to support economic development and poverty reduction in the West African nation.
Monday, October 21, 2013
It's a scene any visitor would be surprised to see deep in central Africa: a tech-savvy consumer sitting in a restaurant and surfing a broadband connection with a smartphone, tablet or laptop.
Friday, September 20, 2013
A team sent to Indonesia by Hon Hai Precision Industry Co., the world's largest contract electronics maker, is currently in talks with potential partners about an investment project in the Southeast Asian country, a source close to the deal said Thursday.
Wednesday, August 28, 2013
Growth of the South African economy, the biggest in Africa, accelerated sharply to 3 percent in the second quarter, official data showed on Tuesday, despite labor turmoil and a weak rand.
Monday, August 26, 2013
South Africa currency getting pummeled by 'perfect storm'
South Africa's currency has been caught in a brutal pincer of dependence on weak European markets, exposure to slowing emerging markets, domestic turmoil and tighter U.S. monetary policy.
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