The UK’s decision to exit the EU is causing volatility in markets all over the globe including in Africa
Finance
Luanda named the most expensive African city for expats
Mercer’s 2016 Cost of Living Survey has named Luanda, Angola, as the most expensive African city for expatriates
Dangote Group becomes a shareholder in Afreximbank
Dangote Group, the Pan-African conglomerate, has acquired shares in Cairo-based African financial institution Export-Import Bank (Afreximbank)
President Buhari approves new flexible Forex policy in Nigeria
Nigerian President Buhari has given his go-ahead to the Central Bank’s proposal for a new flexible Forex policy
China and Tunisia pledge to boost co-operation
Chinese foreign minister Wang Yi has stated that China is ready to strengthen co-operation with Tunisia in areas such as trade, infrastructure and industrial capacity