Economy

Ghana consumer price inflation stable

Ghana consumer price inflation was roughly flat at 11.8% in December, compared with 11.7% in November, the statistics office said on Wednesday.

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Rand slightly firmer as gold climbs

South Africa’s Rand traded slightly firmer on Thursday, gaining back lost ground as higher gold prices and the likelihood of local interest rates remaining high lured offshore investors.

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Namibia bans food imports from Zambia

The Namibian government has provisionally banned the import of all perishable food, fish, fruits, unprocessed food and water from neighbouring Zambia, which has been hit by a cholera outbreak that has claimed more than 60 lives so far.

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Chad shelves bid to cut civil service salaries

The cash-strapped central African nation of Chad has suspended a plan to reduce the salaries of its civil servants, Prime Minister Albert Pahimi Padacke announced on Wednesday.

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"EU fish deal with Morocco invalid"

A European Union (EU) fisheries deal with Morocco is invalid because it involves the disputed region of Western Sahara, the legal advisor to the bloc's top court said Wednesday in a fresh blow to Brussels and Rabat.

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Uganda Shilling stable following central bank intervention

The Uganda Shilling was unchanged on Thursday a day after the central bank intervened to cool off escalating depreciation pressures on the local currency fuelled by energy and manufacturing demand.

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Morocco's GDP growth to slow in 2018

Morocco’s economic growth will slow to 2.8% this year, down from 4% in 2017, officials forecast on Wednesday, blaming a decline in agricultural production.

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Illegal mining in Cameroon reaps deathly toll

Forty-three gold diggers died in abandoned mines in Cameroon in the first 10 months of last year, a watchdog group said on Wednesday.

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Somalia seeks to revive tourism

After years of conflict, Somalia is eager to revive its collapsed tourism sector with an aim to become one of Africa's top tourist destinations the government has said.

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Naspers considers 'structural options' to reduce value gap

Naspers Chief Executive Officer, Bob Van Dijk, says Africa’s largest company by market value will consider "structural options" if the value gap with its stake in Tencent Holdings persists.

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