Business

The Executive Board of the International Monetary Fund (IMF) today approved emergency financial assistance under the Rapid Credit Facility (RCF) in the amount equivalent to SDR11,662,500 (about US$16.1 million) for The Gambia to enable the authorities to meet their urgent balance of payment needs.In addition, the Board was informed about the IMF Managing Director’s approval of a one-year staff-monitored program (SMP) to guide policy implementation.

South Africa has banned the sale of live hens throughout the country in a bid to control an outbreak of highly contagious H5N8 bird...

The Vice President Dr. Mahamudu Bawumia has expressed optimism over a $15 billion funding partnership agreement and commitment reached between the Government of Ghana...

Ford Motor Co is recalling nearly 16,000 Ikon and Figo models in South Africa due to a potential fire risk, it said on Friday.The...

Djibouti has today opened the Port of Ghoubet as a key terminal for the export of salt from the world-famous Lake Assal. The US$64...

Kenya's president signed a law on Wednesday that raises the tax rate on gambling but sets it at a lower rate than had originally...

Kenyan businessmen will have opportunity to explore investment and trade opportunities in west Africa following a trade expo to be held in Ghana in...

Embattled Etisalat Nigeria, a telecom giant, may get respite as key institutions are reported to be finding a solution to its financial predicament.The company...

Britain's exit from the EU has brought into question the benefits of intra-regional trade, with some commentators suggesting that it could sound a warning...

Travis Kalanick stepped down Tuesday as chief executive of Uber, the ride-hailing service that he helped found in 2009 and that he built into...