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