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Lagos, South Africa and New York
Saturday, June 6, 2020

Angola in “mild recovery” but macroeconomic challenges remain:IMF

LUANDA (Reuters) - The Angolan economy is set to grow 1.1 percent this year as sub-Saharan Africa’s third largest economy enjoys a mild recovery, the International Monetary Fund said on Wednesday following a 10-day visit to the country. But Ricardo Velloso, the Brazilian economist...

Ghana govt sees 2017 economic growth at 7.9 pct

ACCRA (Reuters) - Ghana’s government expects the economy to grow 7.9 pct in 2017, up from an initial forecast of 6.3 pct, Finance Minister Ken Ofori-Atta said in a budget speech to parliament on Wednesday.

Mauritius inflation rate unchanged at 3.5 percent yr/yr in Oct

PORT LOUIS (Reuters) - Mauritius’ inflation rate was unchanged at 3.5 percent year-on-year in October compared with a month earlier, the statistics office said on Wednesday.

South Africa’s business confidence steady in October

JOHANNESBURG (Reuters) - South Africa’s business confidence index was largely unchanged in October from the previous month, with subdued economic performance limiting business opportunities, a survey showed on Wednesday. The South African Chamber of Commerce and Industry’s (SACCI) monthly business confidence index (BCI) stood at...

Kenya’s economic growth to rebound in 2018, finance minister says

Katharine Houreld NAIROBI (Reuters) - Kenya’s economy should rebound in 2018 after a slowdown this year that was caused by drought and political turmoil during a prolonged election cycle, Finance Minister Henry Rotich said on Tuesday. Economic growth is forecast to rise to more than 6...

IMF sees Uganda 2017/18 growth at 5 percent

KAMPALA (Reuters) - Uganda’s economy is seen expanding by 5 percent in the 2017/18 fiscal year, up from 4 percent in the previous period, lifted by favourable weather, the International Monetary Fund said. The East African economy is Africa’s biggest coffee exporter followed by Ethiopia...

IMF cuts Cameroon GDP growth forecast to 3.7 pct for 2017

ABIDJAN (Reuters) - Cameroon’s economic growth rate is expected to slip to 3.7 percent this year, down from an earlier estimate of around 4 percent, due to falling oil production, the International Monetary Fund said on Friday. The IMF approved a $666 million, three-year extended...

South Africa not considering IMF bailout for now – Treasury official

CAPE TOWN (Reuters) - South Africa is not considering an International Monetary Fund (IMF) bailout at this stage, a senior Treasury official said on Friday, as the country struggles with weak growth, low tax receipts and rising debt. “Financial markets can behave in very unpredictable...

Kenya economy to fare better after elections than post-2008 vote

JOHANNESBURG (Reuters) - Kenya’s economy has weathered the election storm better than it did a decade ago, a Reuters poll of economists suggested, and they expect investment to pick up next year if calm returns to the country soon. On Monday, President Uhuru Kenyatta was...

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...