Economy

For many African countries, the West’s economic travails will translate into spiralling food and fuel prices, higher unemployment and less state spending on education and health. The rumbling...

Africa has picked a really bad time to launch its economic boom, says one finance minister resignedly. In Washington for the World Bank and International Monetary Fund annual...

Optimism about Africa's economies is in fashion, as commodity prices stay high thanks to demand from Asia and Western investors seek outlets for capital that they find no...

After peaking at US$72 billion in 2008, foreign investment in Africa fell to $59 bn. in 2009 but is now growing again and could exceed the $80 bn....

The hiatus in Africa’s economic growth caused by the global financial crisis appears to have been ‘mercifully brief’, according to the International Monetary Fund’s Africa Director, Antoinette Sayeh.

As the industrialised world struggles, a return to fast-growing commodity demand from Asia and a tentative Western recovery will boost African exports in 2010, although trade and budget...

'African assets were undervalued and China's presence has helped correct that, whether in bonds or foreign direct investment', said Victor Lopes, Africa Economist at Standard Chartered Bank. Multinationals...

The world's financial experts and institutions disagree on how seriously the global financial crash has affected developing economies or how quickly they may recover. In Africa, the International...

The East African Community, grouping Burundi, Kenya, Tanzania, Uganda and Rwanda, plans to set up a common market this November. The opportunities are potentially vast: the EAC comprises...

Tanzania, the second largest of the big-three members of the East African Community, has presented a budget with a bullish message designed to spend its way out of...