Moody’s projects 5% growth for Egypt’s economy in next fiscal year
Credit ratings Agency Moody’s has expressed confidence in Egypt’s economic future, forecasting a 5% growth rate for the upcoming fiscal year, building on an estimated […]
Moody’s
West Africa’s ‘Brexit’: Mali stays with regional currency zone, Burkina Faso weighs exit
Mali has said it has no intentions of leaving West Africa’s currency zone, while Burkina Faso has hinted at its possible withdrawal after they, along […]
Uganda’s Economy Worsens as Inflation Rises to 5.7%
The statistics office in Uganda on Friday said inflation rose to 5.7 percent year-on-year in December from 4.6 percent last month in the East African […]
Gabon to issue $ 500 million Eurobond to finance infrastructure projects
Gabon plans to raise at least $500 million via a new 10-year Eurobond at a 6.95% interest rate to fund infrastructure projects that will help […]
Bahrain: IMF appreciates performance of Bahraini banks
Bahrain’s financial and economic authorities will be happy with the reports forwarded by the International Monetary Fund (IMF) and Moody’s rating agency after being considered […]
Egypt: IFC striving to revive economy
Political instability in Egypt since the ouster of Islamist President Mohamed Mursi and banks’ increasing exposure to the indebted government, has given the country a […]
Tunisia : political instability and insecurity and the numerous downgrades
Authorities in Tunis were received a heavy blow from Moody’s Investors Service, a credit rating agency, when it announced that it was reducing Tunisia’s sovereign […]
Tunisia on the road to sign a deal with IMF
Tunisia has finally reached an agreement with the International Monetary Fund for the $1,78 billion precautionary loan. Negotiations between the two parties have been tedious […]