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Lagos, South Africa and New York
Thursday, August 6, 2020

Ghana CB Slash Rate to 20%

World Economy Tuesday, November 28,2017 The  central bank of Ghana cut its benchmark interest rate on Monday by 100 basis points to 20%, citing a drop in consumer inflation and the possibility of steady economic growth, governor Ernest Addison said, Reuters reported. The major commodity exporter...

Zambia’s central bank says delayed IMF programme affecting kwacha currency

LUSAKA (Reuters) - Zambia’s central bank governor said on Wednesday the delay in reaching a conclusion for an aid programme with the International Monetary Fund (IMF) was putting pressure on the kwacha currency Zambia and the IMF agreed in October to chart a new path...

South Africa’s CPI slows to 4.8 percent year/year in October

JOHANNESBURG (Reuters) - South Africa’s headline consumer inflation slowed to 4.8 percent year-on-year in October, in line with market expectations, from 5.1 percent in September, data from Statistics South Africa showed on Wednesday. On a month-on-month basis, inflation slowed to 0.3 percent in October from...

Ghana Oct producer price inflation rises to 8.2 pct yr/yr: stats office

ACCRA (Reuters) - Ghana’s producer price inflation rose to 8.2 percent year-on-year in October from 7.6 percent a month before, the statistics office said on Wednesday. The major commodity exporter is seeking to cut spending and narrow consumer inflation to 8 percent, plus or minus...

South Africa to stabilise debt in next year’s budget: Gigaba

CAPE TOWN (Reuters) - South Africa will implement spending cuts of 25 billion rand ($1.8 billion) and raise revenue by 15 billion rand in next year’s budget to contain growing debt, Finance Minister Malusi Gigaba told parliament on Wednesday Gigaba said the extra 40 billion...

Tunisia’s Q3 growth at 2.1 percent year-on year, same as Q3 last year

TUNIS (Reuters) - Tunisia’s economic growth remained stable at 2.1 percent year-on-year in third quarter, the state statistics institute said on ThursdayThe growth was also 2.1 percent in the third quarter last year. Figures from the statistics Institute showed that growth in the first nine...

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...
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