Africa

Results for Africa

Mozambique Raises Key Rate to 17.25 Percent on Inflation

at NKC African Economics. Mozambique holds foreign reserves of $1.9 billion, enough to cover three ...

Daily Headline - abi_admin - 07/22/2016 - 12:19 - 0 comments

South Africa Leaves Main Interest Rate Unchanged

a tepid 0.6 percent expansion. The bank said the economy would likely recover to grow at a 1.1 ... growth were too great raise the bank’s main “repo” rate above 7.0 percent. Kganyago has raised rates ...

Daily Headline - abi_admin - 07/21/2016 - 12:39 - 0 comments

Misinvoicing of Commodities Costs Billions to Developing World

Commodities from the developing world worth billions of dollars are being exported illicitly every year through misinvoicing, denying governments revenue that would in many countries exceed their inward foreign direct investment, according to research co ...

Daily Headline - abi_admin - 07/18/2016 - 12:09 - 0 comments

Moody’s Cuts Mozambique Ratings On Expected Defaults

repayment schedule. But the government is now contending with a growing scandal over $1.4 billion in ...

Daily Headline - global.abi.org - 07/10/2016 - 21:02 - 0 comments

South Africa to Narrowly Avoid Recession This Year, IMF Says

expand just 0.1% this year, down from its previous forecast for a 0.6% expansion. Growth of just 1.1% in ...

Daily Headline - global.abi.org - 07/07/2016 - 23:02 - 0 comments

Cash-Starved Zimbabwe Closes In On IMF Deal To Clear Debts

Zimbabwe is close to putting the final touches to a debt-arrears package that could see it receive an emergency injection of funds from the International Monetary Fund and other multilateral institutions into its cash-starved, drought-stricken economy, Z ...

Daily Headline - global.abi.org - 07/06/2016 - 22:38 - 0 comments

Nigeria's Niger State To Meet Bondholders On Debt Restructuring

Nigeria's Niger state plans to seek bondholders' approval next month to restructure its 21 billion naira ($74 mln) worth of debt, its adviser said on Thursday, as it seeks ways to ease strains caused by a plunge in crucial oil revenues. Niger, ...

Daily Headline - global.abi.org - 06/30/2016 - 21:47 - 0 comments

IMF Calls for Audit of Mozambique’s Undisclosed Debt

government on a worsening economic performance and poor financial governance after more than $1 billion of ... Mozambique’s debt problems began in 2013 and 2014 when its former government guaranteed $1.2 billion of loans ...

Daily Headline - global.abi.org - 06/26/2016 - 23:27 - 0 comments

Kenya's NIC Bank Appointed To Assess Assets Of Closed Imperial Bank

with deposits of up to 1 million shillings ($9,886.31) would receive funds in full, while those with ...

Daily Headline - global.abi.org - 06/21/2016 - 20:15 - 0 comments

Nigeria Central Bank Drops Foreign-Exchange Peg

Nigeria’s central bank abandoned a currency peg that economists and businesses had long blamed for exacerbating a slide toward recession in Africa’s largest economy, The Wall Street Journal reported. Central Bank of Nigeria Gov. Godwin Emefiele said ...

Daily Headline - global.abi.org - 06/15/2016 - 21:37 - 0 comments

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