Tanzanian President Magufuli reappoints finance minister Mpango in new government
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Tanzanian President Magufuli reappoints finance minister Mpango in new government

Fresh from winning re-election, Tanzanian President John Magufuli has re-appointed Philip Mpango as finance minister and promised continued reforms to the mining sector as his government targets 8% annual economic growth in the next five years. Magufuli won a controversial poll in October that the U.S. State Department and election observers said was marred by…

Sudan closes parts of its border with Ethiopia as fighting intensifies
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Sudan closes parts of its border with Ethiopia as fighting intensifies

Sudan has closed parts of its border with Ethiopia with the government wary of violence spilling over. State news agency SUNA reported that the decision was made due to the ongoing heavy fighting in Ethiopia’s northern Tigray region after Prime Minister Abiy Ahmed launched a military invasion. SUNA also reported that the local government in…

South Sudan’s President Salva Kiir fires Central Bank governor
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South Sudan’s President Salva Kiir fires Central Bank governor

South Sudan’s President Salva Kiir has fired Central Bank governor Jamal Wani, as the country battles a struggling economy. The announcement was made in a presidential decree read on State-run TV SSBC, which also included the appointment of Dier Tong to replace Mr. Wani. The president did not give reasons for firing Mr. Wani, but…

Seeking a second term, Magufulinomics have worked in Tanzania. But democracy hasn’t.
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Seeking a second term, Magufulinomics have worked in Tanzania. But democracy hasn’t.

President John Pombe Magufuli is a no nonsense man. That doesn’t need to be said again. Through his no non-sense administration, he has steered what was once a resource rich but sluggish economy to a level where it is challenging the region’s economic powerhouses. Picture this. Before Magufuli was sworn in 2015 to begin his…

Kenyan private sector activity hit record 29 month-high in September – PMI
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Kenyan private sector activity hit record 29 month-high in September – PMI

Kenya’s private sector activity rose by the fastest rate in 29 months in September according to a report released by the Markit Stanbic Bank Kenya Purchasing Managers’ Index (PMI). PMI jumped to 56.3 in September from 53.0 in the previous month, driven by an increase in firms resuming operations after President Uhuru Kenyatta eased some…

Central Bank Governor projects Kenyan economy to grow by 3.1%
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Central Bank Governor projects Kenyan economy to grow by 3.1%

Despite Kenya reeling from the effects of the coronavirus pandemic, the economy is set to expand by 3.1% this year, according to the Central Bank Governor Patrick Njoroge. The forecast reflects growing optimism among policy makers; though the Central Bank Governor’s estimate is the highest. The Ministry of Finance is expecting a growth of around…