Economy

LED-maker Low Energy Designs to install 40,000 LED streetlights in Lagos

Lagos SkylineThe UK's Department for International Development said LED-maker Low Energy Designs Limited will install about 40,000 LED streetlights in Lagos over the next four years

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Germany opens new office in Tanzania to boost trade ties

German TanThe Association of German Chambers of Commerce and Industry (DIHK) has officially opened an office in Dar es Salaam under the name of ‘AHK Services Eastern Africa Ltd,” to promote and facilitate business relations between Germany and Tanzania

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African businesses continue to grow despite tough macro environment

PwCDespite a challenging environment, with public debt approaching critical levels in some African countries and concerns over excessive reliance on oil, African businesses are expanding, said PricewaterhouseCoopers (PwC), the UK-based multinational professional services network

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IMF reaches staff-level agreement on Côte d’Ivoire’s debt facilities

IMFThe IMF said it reached an agreement on the third review of Côte d’Ivoire's debt facilities and that the country’s performance under the lender-supported program was satisfactory in 2017

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Moody's maintains negative outlook as Cape Town's water crisis looms

Cape Town DamMoody's maintained its negative outlook on the City of Cape Town, which is battling a severe water shortage

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