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EAC states to save fish stocks in Lake Victoria

Faced with dwindling fish stocks in Lake Victoria, East African states have moved to institute stringent measures to control fishing in the shared water body.

Nigeria central bank governor defends policy of limiting imports

Hard currency curbs imposed by Nigeria's central bank have helped boost local food production, central bank governor Godwin Emefiele was quoted as saying by two newspapers on Sunday.

South African rand-rigging cases could conclude in July

Sixteen banks accused of colluding to rig South Africa's rand currency could go before the Competition Tribunal to conclude the case in July, after...

Somalia to print new bank notes

For the fast time in a more than a quarter century, Somalia will get new bank notes.

Used car imports drive General Motors out of East African market

American automaker General Motors has exited the East African market after selling its entire stake in General Motors East Africa (GMEA) to Isuzu Motors...

South Africa’s taxis block roads to main airport in Uber protest

South African taxi drivers on Friday blocked roads to Johannesburg's airport, holding up thousands of travellers in the latest protest against ride-hailing app Uber.

Egypt asked to ensure reforms focus on investment

Egypt needs to implement economic reforms aimed at encouraging more private investment and moving away from subsidies towards targeted transfers for the poor, a senior World Bank official said on Wednesday.

Nigeria determined to overcome recession this year

Nigeria is determined to emerge from its first recession in a quarter of a century this year and needs to put more effort in revamping its infrastructure, its budget minister said on Wednesday.

South Africa’s business confidence falls in February

Business confidence in South Africa declined in February from the prior month, weakened by lower trade volumes and retail sales, a survey showed on Wednesday.

MTN’s South Africa CEO resigns

Africa's biggest mobile phone operator MTN Group said on Tuesday that Mteto Nyati, the chief executive of its South African unit, will be resigning on March and will be replaced by Godfrey Motsa on the same day.

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