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Egyptian Economy Worst Than Previously Thought

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AFRICANGLOBE - Egypt's newly-appointed finance minister said on Wednesday that political instability would cause the economy to grow more slowly this year than earlier official forecasts showed, with the budget deficit also bigger than thought.

ExxonMobil Seeks Settlement In $800 Million Chad Tax Dispute

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AFRICANGLOBE - An ExxonMobil led consortium in Chad is seeking an out-of-court settlement after the government filed a legal claim for more than $800 million in unpaid taxes, finance ministry sources said on Tuesday.

Nigeria Secures Loan From China for Massive Railway Project

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Nigeria’s Federal Capital Territory,  Abuja and its surrounding areas will soon be benefiting from a new railway system, thanks to a loan agreement signed...

Ethiopia’s Ruling Party Discusses Growth Targets

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Ethiopia's ruling party, Ethiopian People's Revolutionary democratic Front (EPRDF) Tuesday called for an extraordinary session, to review the state of the economy amid indications...

IMF Raises Ethiopia’s Economic Growth Forecast

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Ethiopia's economy is expected to maintain a growth rate of 7 percent in 2012/2013, the International Monetary Fund said, raising its earlier forecast of...
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