Congo central bank expects 4.4 pct GDP growth in 2018

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KINSHASA (Reuters) – Congo’s central bank said on Wednesday it expects GDP growth to hit 4.4 percent in 2018, up from 3.2 percent this year, and for inflation next year to fall to about 28 percent from roughly 50 percent this year, as commodity prices and mining output rise.

Governor Deogratias Mutombo also told reporters in the capital Kinshasa that the Bank now has $810.85 million in foreign currency reserves, representing 3.56 weeks of imports, up from $660 million at the end of September.

Reporting By Amedee Mwarabu; Writing by Aaron Ross; Editing by Tim Cocks

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Godwin Okafor is a financial journalist, Internet Social Entrepreneur and the Founder Naija247news Media Ltd He has over 16 experiences in journalism, which cuts across traditional and digital media. He started his journalism career in Business Day, Where he was a senior editorial graphic artist, before he left to start Naija247news, An Online Financial Newspaper in 2010. He has won series of awards and he is the chairman of Emmerich Resources Limited, the publisher of Naija247news.com and also sits on the board of Students In Business Awards, (SIBA).

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