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Lagos, South Africa and New York
Monday, September 21, 2020

Zimbabwe economy to shrink by 4.5% this year on COVID-19, drought

HARARE (Reuters) - Zimbabwe’s economy is expected to shrink by 4.5% this year owing to the fallout from the COVID-19 pandemic and a brutal climate change-related drought, the finance minister said on Thursday. The crucial mining sector will contract by 4%, Finance Minister Mthuli Ncube...

Morocco’s unemployment rate drops to 9.8 pct in 2018 – planning agency

RABAT (Reuters) - Morocco’s unemployment rate dropped to 9.8 percent in 2018 from 10.2 percent in 2017 with services topping job creating sectors, the planning agency said on Tuesday. The Moroccan economy created 112,000 jobs last year, including 21,000 in rural areas, up from...

S.African credit demand growth slows to 5.82 pct in Oct

JOHANNESBURG (Reuters) - Growth in private sector credit demand in South Africa slowed to 5.82 percent in October from 6.27 percent in the previous month, central bank data showed on Thursday. Expansion in the broadly defined M3 measure of money supply dropped to 5.99 percent...

eSwatini bans imports of live pigs from countries affected by African swine fever

MBABANE (Reuters) - The Kingdom of eSwatini, formerly known as Swaziland, banned imports of live pigs on Monday from countries that test positive for African Swine Fever (ASF) after an outbreak of the disease in neighbouring South Africa. The movement of pigs between farms will...

Angola approves 2018 state budget forecasting 4.9 pct growth

LUANDA (Reuters) - Angolan lawmakers on Wednesday approved a 9.6 trillion kwanza ($45.69 billion) state budget for this year forecasting 4.9 percent economic growth, well beyond the 1.6 percent expected by the International Monetary Fund. Oil-rich Angola’s economy took a hit from the slump in...

Zambia committed to improving debt transparency, President Lungu says

Zambia's President Edgar Chagwa Lungu addresses the 73rd session of the United Nations General Assembly at U.N. headquarters in New York, U.S., September 25, 2018. REUTERS/Eduardo Munoz LIVINGSTONE, Zambia (Reuters) - Zambia is committed to improving the transparency of its debt management and reporting, and...

IMF says Sub Saharan Africa to register 3.4% economic growth in 2018 vs 2.6% in 2017

Economic growth is expected to rise to 3.4 percent in sub-Saharan Africa next year from 2.6 percent in 2017, the IMF said in a report on Monday, but warned that rising debt and political risks in larger economies would weigh down future growth. The IMF...

South Africa’s CPI slows to 4.4 pct y/y in May

JOHANNESBURG (Reuters) - South Africa’s headline consumer inflation slowed to 4.4 percent year-on-year in May from 4.5 percent in April, data from Statistics South Africa showed on Wednesday. On a month-on-month basis, inflation slowed to 0.2 percent in May from 0.8 percent in April. Core inflation,...

Jobless Citizens Get $660 Monthly for Free

World Economy Thursday, November 2,2017 over Two thousand unemployed people in Finland are part of an experiment that could shape the future of the West. For the next two years, the government will give them the equivalent of $660 a month—for free, no strings attached, yle...

Kenya central bank to rule on 2020 dividend issuance by banks

NAIROBI - Kenya’s central bank will have to approve any plans by commercial lenders to issue dividends for this year, it said in a memo to bank executives seen by Reuters on Monday, an unusual move caused by the coronavirus crisis. Lenders in the...
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