Country's biggest ever spending plan it meant to wean it off oil, but lawmakers had held it up following glaring errors.
Perils of relying on oil as the only source of livelihood: lessons from South Sudan, Nigeria, and Angola
Botswana managed its diamond wealth better. It resisted the temptation of going on a spending spree as a result of the new-found wealth
The currency tumbled 24% in 2015, its eighth year of declines
The one mistake a lot of the countries on the continent are making is taking on so much debt in dollars.
Global prices tank hits home hard--the silver lining is that the country is not open about its books as it seeks to beat corruption.
Crude prices below $50 throw East Africa’s mega oil projects into doubt as investors weigh up options
Just before prices collapsed, oil held great promise for Kenya and Uganda as a way of transforming mainly agrarian economies and reducing poverty.
It's tough out there: Rich country-growth will hover at 2% next year, China's economy is slowing down and Brazil, Russia are staring at a recession.
Africa, spurning America, fled into China’s arms. Now US may hold 'cure' to the continent’s fast-dipping economy
Like the ex who won’t give up, economic markets turmoil may be calmed by the US. It’s the hope that kills you.
The currency decline is the result of a perfect storm of factors, each intensifying the effect of the other.
As the oil prices plunged 50% in the past 12 months, government slashed this year’s budget by a quarter, cutting fuel subsidies and freezing hiring.
Other commodities too, from nickel to wheat, soy beans to copper, have been on the steady decline over the past 12 months.
Boko Haram attacks hasten Obama embrace of Buhari; ‘Nigeria by far the most important country in Africa’
Buhari just purged Nigeria's military’s top commanders, and wants support for an ailing economy hit by a decline in oil prices and a surge in piracy.
Nigeria has attractive bond yields, a fast growing economy with a young population. Now it needs a functioning government and clear policy direction.
An estimated 23 million youths are expected to enter the African labour market this year.
Lessons on power-sharing fall on deaf ears in Burundi, on Ubuntu are thrown out in South Africa, and in Kenya, terrorists have a field day
There are twists and turns in the data: Ethiopia produces more cereals than South Africa, while Nigeria is Africa’s star in oil crop production.
The cedi was Africa’s worst-performing currency, against the dollar in 2014, and slowing agriculture dragged down Kenya’s 2014 4th quarter growth.
Sub-Saharan Africa’s second-largest crude producer is also in talks with several other lenders
“The current prices are unfair and are having an impact on the economies of African countries,” says Libya oil minister Mashallah Zwai.