Cote d’Ivoire, Senegal, Togo… These Are The African Economies To Watch In 2017

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 With the consequences of Brexit and an increasingly inward-looking United States still unfolding, 2017 is likely to be an economically tumultuous year. Some African countries, however, could see sustainable growth beyond the usual narrative of Africa alternatively “rising” and “reeling.” “The countries that will be successful in 2017—whatever will happen in the global economy—are the […]

African Countries Dominate List Of Worst Devalued Currencies In 2016

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 Economic slowdown due to falling commodity prices particularly oil and slow global economic growth, adversely affected most African economies in the course of 2016.  But as per the evolution of national currencies in the past year, the currencies of two major Portuguese speaking African countries greatly suffered. The metical of Mozambique and the Angolan kwanza, […]

How $15 Billion India Oil Deal Will Help Nigeria Tackle Forex Crisis

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 The Nigeria-India upfront oil payment deal will help the Federal Government to tackle the foreign exchange (forex) crisis in the country.The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, initiated the deal during a three-day working visit to India. The success of the deal would also be a huge help for the Central Bank […]

Zambia’s $1 Billion Subsidy Cut: Economic Recovery Or Economic Misery?

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 Africa’s second-biggest copper producer, Zambia, told the International Monetary Fund (IMF) that it will cut subsidies amounting to about $1 billion as part of an economic recovery plan. The statement was issued by Zambia’s finance Minister Felix Mutati on Sunday. The Zambian government is currently in talks with the IMF for the approval of a […]

Zambia’s Economy Receovery Plan Includes A $1 Billion Cut In Subsidies

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 Africa’s second-biggest copper producer, Zambia, told the International Monetary Fund (IMF) that it will cut subsidies amounting to about $1 billion as part of an economic recovery plan. The statement was issued by Zambia’s finance Minister Felix Mutati on Sunday. The Zambian government is currently in talks with the IMF for the approval of a […]

Mauritius, South Africa, Rwanda, Botwana And Namibia Are Sub Saharan Africa’s Most Competitive Economies

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 Mauritius, South Africa, Rwanda, Botwana and Namibia are Sub Saharan Africa’s most competitive economies according to the latest ranking of ‘The Global Competitiveness Index,’ by the World Economic Forum (WEF). The WEF defines it as “the set of institutions, policies and factors that determine the level of productivity of a country”. Others are subtly different but […]

Algeria Attracts Foreign Investors With Privatization Of State-owned Banks

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  State-owned banks in Algeria will soon be allowed to list in the stock exchange as Algiers continues to stumble in the aftermath of the plummeting oil prices. The move will be an attempt by the Algerian government to promote its underdeveloped banking sector and diversify revenue sources. According to reports the plan is also […]