Nigeria: Fuel shortages betray bad business environment

- Fuel marketers demand subsidies payments, while president-elect says there are no subsidies by Andrew Jay Rosenbaum ANKARA - While Nigerian fuel marketers have agreed to resume...

South Sudan: Businesses fail amid hyperinflation

Major businesses close down, as prices skyrocket since the devaluation of the currency on Dec. 15 by Parach Mach JUBA, South Sudan - Moses...

Daily performance of shares on Borsa Istanbul

- Top 10 shares in terms of value gained and lost on a daily basis Friday, May 8, 2015. ISTANBUL - The top 10 shares in terms...

Turkey’s Treasury borrows 5.4 bn lira through auctions

Treasury seeks to pay down $14 billion of domestic debt through bond sales. ANKARA - Turkey's Treasury has raised 5.4  billion Turkish liras ($2 billion) after running two bond auctions...
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Malawi leader projects 5.4% economic growth

He expected inflation rates to drop from 23.8 to 16.4 percent LILONGWE, Malawi – Malawian President Peter Mutharika insisted on Tuesday that the national economy...

Zambia: 10,000 jobs at risk as mining industry struggles

Power shortages, devalued kwacha and low price of copper leading to closed mines and layoffsBy Francis Maingaila  LUSAKA, Zambia - Pressured by falling...

Uganda struggles to pay international commitments

Suspension of membership in key environmental groups is possible, Auditor-General warns by Halima Athumani KAMPALA, Uganda - Uganda has fallen behind in payments due...
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Turkey: Motor vehicle production up 28 pct in 2015

Exports surged 17 percent in the first four months of the year, the Automotive Manufacturers' Association said. ANKARA - Turkey’s motor vehicle production increased 28 percent...

ECB to extend stimulus program through 2018: S&P

Depreciation of emerging-market currencies makes QE ineffective, credit agency saysANKARA - The European Central Bank is likely to extend its economic stimulus program until mid-2018, credit...

Iran calls for energy cooperation

-President Hassan Rouhani calls for members of Gas Exporting Countries Forum to help stabilize market ANKARA - Iran called for closer cooperation between energy exporting countries to...

Workers return to work at Turkish Renault plant

- Staff at plant in Bursa accept management offer just hours after earlier rejection BURSA, Turkey – Workers at Oyak Renault’s plant in northwest Turkey...

Ethiopia: Remittances from abroad jump by $2 billion

-Ethiopians abroad invest massively in the country, Foreign Ministry saysby Seleshi TessemaADDIS ABABA - Remittances to Ethiopians from abroad increased sharply in 2015,...

Istanbul Gold Exchange down

Istanbul Gold Exchange index loses 1.48 percent in value on Tuesday, April 28, 2015. ISTANBUL - The Istanbul Gold Exchange index lost 1.48 percent in value on Tuesday, April...

PayPal, from June 6 onwards drawn from Turkey!

PayPal is one of the most widely used payment and money shopping platform in the world, it has announced that as of June 6,...

Turkey: EIB loans $100 million to TSKB bank

-European Investment Bank loan is to be used to provide finance to smalland medium-sized enterprises ISTANBUL – Turkey Industrial Development Bank (TSKB) secured a $100 million...

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