RABAT (Reuters) – Morocco’s economy is expected to grow 6.3% in 2021, one of the highest rates in the Middle East and North Africa region, before slowing to around 3% next year, the International Monetary Fund said on Friday. This growth is due to a “successful (COVID-19) vaccination campaign” as well as “continued fiscal and …
IMF sees Morocco’s economic growth at 6.3% in 2021, about 3% in 2022 Read More »
RABAT (Reuters) – Morocco’s economy is expected to grow 6.3% in 2021, one of the highest rates in the Middle East and North Africa region, before slowing to around 3% next year, the International Monetary Fund said on Friday. This growth is due to a “successful (COVID-19) vaccination campaign” as well as “continued fiscal and …
IMF sees Morocco’s economic growth at 6.3% in 2021, about 3% in 2022 Read More »
(Reuters) – The International Monetary Fund approved a three-year extended credit facility worth $570 million for Chad, the Fund said on Friday, capping a process that required Chad to restructure all its official and commercial debt. The approval allows the IMF to immediately disburse more than $78 million, the lender said in a statement. The …
IMF board approves $570 million credit facility for Chad Read More »
JOHANNESBURG (Reuters) -The South African rand firmed on Friday after U.S. inflation data came in line with expectations, taking off worries from investors’ minds that the Federal Reserve could go for an aggressive taper plan. The rand traded at 15.945 against the dollar at 1510 GMT, 0.11% stronger than its previous close, but remained in …
South African rand firms after in-line U.S. inflation data Read More »
By Marc Jones LONDON (Reuters) -A group of Zambia’s international creditors said on Friday the country would need to provide more details on its recently-agreed IMF support programme and its own economic plans if the two sides were to strike a debt relief deal. The group, made up of international funds that own the country’s …
Zambia’s bondholders demand details of debt relief Read More »
(Corrects date to Thursday, not Friday) (Reuters) – Oil major Chevron and the government of Equatorial Guinea have signed a production-sharing agreement for an offshore block in the in the country’s Douala Basin, oil minister Gabriel Mbaga Obiang Lima said on Thursday. (Reporting by Cooper Inveen; Editing by Bate Felix)
TUNIS (Reuters) – Tunisia’s central bank Governor Maroaune Abassi said on Thursday the government hopes to reach an agreement with the International Monetary Fund in the first quarter of next year on a rescue program. He added the agreement with the IMF will be a very good sign that Tunisia will start its reforms and …
Tunisia’s govt seeks deal with IMF in 1st qtr of 2022 -central bank governor Read More »
(Reuters) – Emirates Global Aluminium (EGA) said on Thursday it has signed a three-year deal to supply China’s Bosai Group with “several million tonnes” annually of bauxite from Guinea. Bauxite, the main aluminium ore, is refined into alumina, which is then used to make aluminium metal. China is the world’s biggest aluminium producer and Guinea …
UAE’s EGA inks 3-yr Guinea bauxite supply deal with China’s Bosai Read More »
JOHANNESBURG (Reuters) -The South African rand dropped almost 2% on Thursday as manufacturing output slumped far more sharply than expected in October. At 1532 GMT, the rand traded at 16.0000 against the dollar, around 1.88% weaker than its previous close. Statistics South Africa data showed industrial production fell 8.9% year on year, versus economists’ predictions …
South African rand drops almost 2% as manufacturing slumps Read More »
DAKAR (Reuters) – The International Monetary Fund has approved a three-year loan deal for Niger worth around $276 million, the IMF said on Thursday, warning that security risks threatened the West African nation’s economic outlook. The decision allows the immediate disbursement of $55 million to support basic infrastructure and social spending plans, desperately needed by …
IMF approves $276 million loan deal for poverty-stricken Niger Read More »
