African Economy
Is South Africa the odd BRIC out?
Mar 21, 2013 01:01 EDT
The meeting of BRICS leaders in Durban next week could uncharitably be described as a summit of the world's emerging economic powers, plus South Africa.
West, Central African nations pledge to cooperate on piracy
Mar 20, 2013 17:56 EDT
West and Central African ministers have pledged to cooperate to halt the spread of sea piracy in the region at a meeting in Benin, West African bloc ECOWAS said Wednesday.
South Africa holds rates as inflation gains pace
Mar 20, 2013 07:30 EDT
South Africa's central bank held off cutting interest rates to boost the continent's largest economy Wednesday, as rising inflation bound the hands of policymakers.
S.Africa inflation spikes in February
Mar 20, 2013 07:12 EDT
South African consumer inflation jumped to 5.9 percent in February, all but ruling out an interest rate cut when the central bank meets Wednesday.
Rand, JSE hit as S. Africa current account woes deepen
Mar 12, 2013 11:56 EDT
South Africa's currency and equities markets slumped on Tuesday after revised figures showed the country's current account in late 2012 was worse than first thought.
Chad joins African force in Mali
Mar 09, 2013 14:53 EST
Chad's 2,000-strong contingent in Mali, which has played a leading part in the fight against jihadist militants, on Saturday officially joined the regional African force deployed there.
Chad emerges as regional superpower in Mali conflict
Mar 05, 2013 18:06 EST
Claiming to have killed two Islamist leaders in the Mali conflict so far, Chad is emerging as a regional superpower whose strong army is brushing up the image of what was once most known as one of the world's poorest nations.
S. Africa GDP to 'grow by 2.7%' in 2013
Feb 27, 2013 07:57 EST
South Africa's economy is expected to grow by 2.7 percent this year, Finance Minister Pravin Gordhan said on Thursday.
South Africa posts 2.5% growth in 2012
Feb 26, 2013 12:18 EST
South Africa's economy grew at 2.5 percent in 2012, according to official data released Tuesday, as growth in Africa's largest economy slowed.
Star S. African activist launches party to challenge ANC
Feb 18, 2013 14:48 EST
Noted anti-apartheid activist Mamphela Ramphele on Monday launched a political party to challenge the ruling ANC, which she described as riven with "corruption, nepotism and patronage."
Zuma vows tax reform, growth-focused spending
Feb 14, 2013 15:46 EST
President Jacob Zuma on Thursday unveiled plans to review taxes, part of a plan to build a South African economy fit for the next decade and ease crippling unemployment that has spurred violent social unrest.
Growth has not helped Africa's poor: development bank
Feb 12, 2013 11:31 EST
A top official at the African Development Bank on Tuesday admitted the continent's breakneck growth has not yet transformed the lives of normal Africans.
Outrage in South Africa over rape of teenager
Feb 07, 2013 10:11 EST
The rape and gruesome mutilation of a teenage girl in South Africa has sparked a rare outburst of anger in a country that often appears numb to sexual violence.
France seeks Mali exit, handover to UN peacekeepers
Feb 07, 2013 06:22 EST
Nearly a month after launching an offensive in Mali to drive out Islamist extremists, France mulled the withdrawal of its troops Thursday after asking the UN to prepare a peacekeeping force to take the baton.
US to transport African troops for Mali war
Jan 29, 2013 17:13 EST
The US will provide air transportation for African troops helping battle an Islamist insurgency in northern Mali, Pentagon spokesman George Little said Tuesday.
French-led troops in Mali seize airport at Islamist bastion
Jan 26, 2013 11:32 EST
French-led troops Saturday seized the airport and a key bridge serving the Islamist stronghold of Gao in a stunning boost to a 16-day-old offensive on Al Qaeda-linked rebels holding Mali's vast desert north.
AU seeks additional troops for Mali mission
Jan 25, 2013 18:06 EST
The African Union is seeking to bolster the strength of the African-led force in Mali, or AFISMA, and has given member states one week to commit troops to the mission, officials said Friday.
S.Africa backs African forces in Mali: minister
Jan 24, 2013 09:59 EST
South Africa supports an African led military force in Mali, but understands the need for France?s swift intervention to stop a "terrorist" threat, a top diplomat said Thursday.
South African official inflation edges up
Jan 23, 2013 05:19 EST
Consumer prices in South Africa edged still higher in December, posing a headache for the country's central bank as it meets to discuss efforts to kick-start Africa's largest economy.
Pirates seize oil tanker in Ivory Coast
Jan 21, 2013 09:29 EST
Pirates have seized a Panama-flagged oil tanker which was anchored in the Ivory Coast's economic capital of Abidjan, authorities said Monday.
