DAKAR (Reuters) – Economic growth in the Central African CEMAC zone is expected to reach 3.4% in 2022 and rise gradually to above 3.5% in the medium-term, the International Monetary Fund (IMF) said on Thursday. The Central African Economic and Monetary Community (CEMAC) includes Cameroon, Central African Republic, Chad, Republic of Congo, Gabon and Equatorial …
IMF sees Central Africa’s economic growth at 3.4% this year Read More »
ACCRA (Reuters) – Ghana will exempt pension funds from a domestic debt restructuring programme, according to a letter seen on Thursday signed by the finance minister, the labour minister, and the secretary general for Ghana’s Trade Union Congress. In a bid to mitigate an ongoing economic crisis, Ghana’s government has negotiated a $3 billion staff-level …
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DAKAR (Reuters) – The International Monetary Fund’s executive board has approved a disbursement of $71 million for Guinea under its new “food shock window,” to help it address urgent balance of payment needs related to the global food crisis, the IMF said on Thursday. (Reporting by Nellie Peyton; Editing by Leslie Adler)
(Reuters) – The International Monetary Fund (IMF) executive board on Thursday approved a $149.3 million disbursement to Chad under a three-year $571 million programme, after it reached a long-delayed debt deal last month with its creditors. “The debt treatment agreement reached with official and private creditors under the G20 Common Framework – the first in …
IMF board approves $149.3 million disbursement to Chad Read More »
JOHANNESBURG (Reuters) -South Africa’s rand held on to gains on Thursday, despite the dollar’s recovery on the back of strong economic data that showed the U.S. economy rebounded faster than previously estimated in the third quarter. At 1602 GMT, the rand traded at 17.1600 against the dollar, nearly 0.2% stronger than its previous close. The …
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By Duncan Miriri NAIROBI (Reuters) – Kenya is raising $900 million in planned external commercial financing for its fiscal year to June from international banks, the finance ministry said in a memorandum to the International Monetary Fund. Like other frontier economies, the East African nation has found it almost impossible to raise funds from international …
Kenya turns to lenders for $900 million after bond yields surge Read More »
By Rachel Savage LONDON (Reuters) -Proposals to restructure Zambia’s debts are yet to be discussed with bilateral creditors under the multilateral Common Framework process, Zambia’s finance ministry said on Thursday. “The discussions we have had so far within the Common Framework were focused on clarifying numbers and discussing context. Debt restructuring proposals are yet to …
Zambia yet to discuss debt restructuring proposals with bilateral creditors Read More »
By Duncan Miriri NAIROBI (Reuters) -Kenya is raising $900 million in planned external commercial financing for its fiscal year to June from international banks, the finance ministry said in a memorandum to the International Monetary Fund. Like other frontier economies, the East African nation has found it almost impossible to raise funds from international bond …
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PORT LOUIS (Reuters) – Mauritius’ statistics office on Thursday increased its forecast for economic growth in 2022 to 7.8% from a previous estimate of 7.2% in September. The East African island nation’s economy grew by 3.5% in 2021. (Reporting by Villen Anganan; Writing by Aaron Ross; Editing by Alison Williams)
ABUJA (Reuters) – Nigeria’s central bank on Wednesday substantially increased limits it had set on weekly cash withdrawals as part of an effort to curb the use of cash. Individuals will be allowed to withdraw up to 500,000 naira ($1,120) weekly, up from a 100,000 limit set on Dec. 6. Corporates will be allowed to …
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