Addis Ababa to host 10th African Development Forum
Addis Ababa to host 10th African Development Forum

ADDIS ABABA, Ethiopia - Preparations are underway for the 10th African Development Forum (ADF) to be convened by the Economic Commission for Africa, the African Union and the African Development Bank.

1 day ago

Image by 123RF
Egypt eyes tough reforms in last-ditch bid to save economy

CAIRO - Egypt hopes a $12-billion financing deal with the IMF will usher in an economic turnaround, but real progress hinges on a tough reform package avoided for decades to stave off unrest.

18 Aug 2016

Source: Africa Renewal
The impact on Africa after Brexit

By 6:30 am on 24 June, less than 12 hours after a successful referendum on Brexit (Britain's exit from the European Union), South Africa's currency, the rand, took the first blow. It plunged by almost 8% from R14.33 to R15.45 against the US dollar, its steepest single-day decline since the 2008 financial crisis. Brexit sent shock waves through the global markets, including those in Africa.

By Amelia Tan 17 Aug 2016