Africa

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African Development Bank Chief Warns Africa On International Debt

product will grow at 1.6 per cent this year, a sharp decline from 3.5 per cent in 2015, and well below the ...

Daily Headline - global.abi.org - 08/30/2016 - 22:53 - 0 comments

Kenya’s Chase Bank Removed From Receivership

Chase Bank has received Central Bank of Kenya’s (CBK) approval to start taking fixed deposits and resume lending, CAJ News reported. The move marks a major milestone in the turnaround efforts of the bank signaling that most of the major issues under reso ...

Daily Headline - global.abi.org - 08/17/2016 - 23:58 - 0 comments

Republic Of Congo Set To Cure Bond Default

One of the briefest sovereign defaults in history? The Republic of Congo today made a belated but full interest payment on a $478m bond, after mysteriously failing to do so on the due date on June 30, resulting in rating agencies declaring a sovereign de ...

Daily Headline - global.abi.org - 08/08/2016 - 22:32 - 0 comments

Nigerians Feel Squeeze As Economy Slides Towards Recession

contract by 1.8 per cent this year, down from its estimate in April of 2.3 per cent growth for the year. ...

Daily Headline - global.abi.org - 07/31/2016 - 22:22 - 0 comments

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

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