Ivory Coast to reduce 2017 Budget on low cocoa prices
Ivorian President Alassane Ouattara on Wednesday announced plans to cut the 2017 budget of the west-African nation by 10 percent due to a sharp drop […]
IMF
Algeria’s Foreign Exchange Reserves fall to $109 bln in February 2017
Algeria is on course of depleting its coffers as its foreign exchange reserves continue to dwindle to stand at $109 billion dollars at the end […]
Egypt: WB disburses $1 billion in financial assistance
The World Bank has allocated $1 billion in financial assistance to Egypt as the North African seeks to revive its ailing economy hit by the […]
Ghana predicts 6.5 percent budget deficit for 2017
Ghana’s Finance Minister Ken Ofori-Atta on Thursday said the government aims to reduce its budget deficit and inflation in 2017 as it plans to stabilize […]
UN expert urges lenders to act as Tunisia seeks foreign investment
A UN independent expert on foreign debt and human rights on Wednesday encouraged international lenders to lend additional support to Tunisia, which is struggling to […]
Less than 1% of Naira Notes are Fake – Nigeria’s Reserve Bank
The Central Bank of Nigeria (CBN) on Tuesday said less than one percent of the west-African nation’s local currency in circulation is fake. The reserve […]
Zimbabwe Misses 2016 Revenue Target
Zimbabwe’s tax agency ZIMRA on Thursday said it missed the 2016 revenue target by 4 percent as weak global commodity prices hit mineral royalties in […]
Mauritius Island’s Trade Deficit Expands 25% in October
Mauritius’ trade deficit expanded 25 percent in October from the same period a year earlier, the statistics office said. The value of exports fell 14.9 […]
Kenya cuts 2017 growth outlook
Kenya has cut its 2017 growth outlook on Wednesday due to slowing credit growth, Geoffrey Mwau, the director general of fiscal and economic affairs, told […]
Nigeria’s GDP shrinks by 2.24 % in Q3 of 2016
Nigeria’s gross domestic product (GDP) contracted by 2.24 percent in the third quarter, the National Bureau of Statistics (NBS) said on Monday. According to the […]