Tunisia to Accelerate Reforms as IMF Freezes Loan: Minister
27/02/2017Tunisia is likely to sell stakes in three state-owned banks this year and cut up to 10,000 public sector jobs as part of reforms demanded by the International Monetary Fund.
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Risk of Nigeria Devaluing Naira Rising, But It Won’t Float Freely
24/02/2017Nigeria’s authorities may soon devalue the naira but won’t fully relinquish control over it, instead taking steps to narrow the gap between the official and black market rates to boost.
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Barclays to Pay $988Mln to Split from African Business
23/02/2017Barclays has agreed to pay Barclays Africa nearly $1 billion to fund investments needed for it to split from its African business, paving the way for the British bank to.
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Tunisia Growth Slows To 1 Pct in 2016: Official Data
22/02/2017Tunisia’s economic growth slowed to 1 percent in 2016 compared with 1.1 percent in the previous year, official figures showed on Tuesday. The state statistics institute said the.
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Nigeria Tests Waters for Possible Broad Naira Devaluation
21/02/2017Nigeria effectively devalued the naira for private individuals on Monday, paving the way for a possible broader move despite stiff resistance from President Muhammadu Buhari. With Buhari abroad for medical.
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World Bank Sees Zambia Economic Growth at 4 Percent in 2017
20/02/2017Zambia’s economic growth is seen rising to 4 percent in 2017 and 4.2 percent in 2018, the World Bank said on Monday, predicting a jump in copper prices and improved.
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African capital markets decline in 2016 says PwC report
17/02/2017Barnabas Thondhlana The year 2016 marked a challenging year for African equity markets in the wake of lower economic growth and political upheaval around the globe, largely as a result.
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Zimbabwe Banks Holding $120 Million in Cash: Central Bank
16/02/2017Zimbabwean banks are holding $120 million in cash and double that in offshore accounts, the central bank said in a statement on Wednesday, as the country struggles with a persistent.
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IMF May Consider Extending Ghana Aid Deal, Says Its Ghana Country Head
16/02/2017The International Monetary Fund (IMF) may consider extending its three-year aid deal with Ghana if the new government requests an extension, the Washington-based lender said on Wednesday. The West African.
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South Africa’s Unemployment Falls To 26.5 Pct in Q4 2016
15/02/2017South Africa’s unemployment rate in the fourth quarter of last year retreated from its highest in 13 years as key sectors hired more workers, a further sign of recovery in.
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