The International Monetary Fund has forecast that 2018 will be the strongest year for global growth since 2011.
In its new assessment of the World Economic Outlook, the IMF predicts growth this year and next of 3.9%.
However, it warned that performance could be curtailed by trade barriers.
For the UK, the...
South African President Cyril Ramaphosa appointed a team of business and finance experts on Monday to hunt the globe for $100 billion in investment to boost the ailing economy.
The team of economic envoys includes ex-finance minister Trevor Manuel as well as a former top banker.
Ramaphosa became president in February...
Africa needs to take advantage of the economic potential of its ports and shipping sector if it is to realise its growth ambitions. Globally, ports are gateways for 80% of merchandise trade by volume and 70% by value. Investment in ports and their related transport infrastructure to advance trade...
Inflation in Sudan rose to 55.6 percent in March year-on-year from 54.34 percent in February, the state statistics agency said on Thursday, amid rising food prices that have kindled unrest and a hard currency shortage that has crimped imports.
Prices have risen since the pound plummeted to record lows on...
Zimbabwe has bought two Boeing 777 aircraft and an Embraer plane from Malaysia, the finance minister said on Wednesday, adding the planes would be leased to a new local airline until national carrier Air Zimbabwe returned to profitability.
Patrick Chinamasa said Harare had agreed with an unidentified Malaysian firm to...
Governments, civil society and private sector stakeholders gather in Geneva on 23–24 April 2018
With more than 90 developing economies dependent on commodity exports, according to the latest UNCTAD data, building the human skills needed to add value to raw materials and provide decent work are key objectives to be...
The World Bank raised its forecasts for the South African economy on Tuesday but warned that growth potential would remain weak without concerted efforts to reduce inequality and stimulate competition.
The World Bank now sees gross domestic product growing by 1.4 percent this year, up from its September forecast of...
Nigerian President Muhammadu Buhari will be seeking a second term in office in elections due next year, his office has said.
It ends months of speculation about whether the 74-year-old leader plans to run for re-election.
His first term has been beset by poor health, which saw him spend months in...
Facebook has suspended a Canadian data firm that played a key role in the campaign for the UK to leave the EU.
The social media giant said AggregateIQ (AIQ) may have improperly received users' data.
It cites reported links with the parent company of Cambridge Analytica (CA), the consultancy accused of...