Africa
S.Africa’s Zuma calls for action after S&P downgrade, rand up on Moody’s reprieve
Jacob Zuma, South African President called for concrete measures to boost growth after S&P Global Ratings downgraded the local currency…
South Africa’s weak growth, rising debt could trigger deeper downgrades, central bank says
South Africa’s failure to stabilise the country’s fiscal situation could see its credit rating downgraded deep into junk territory, the…
Zimbabwe’s new president vows to rejuvenate economy, seeks lifting of sanctions
Emmerson Mnangagwa, Zimbabwe's new president Friday rallied all Zimbabweans to unite and work together to revive the battered economy. In his…
Zimbabwe’s economic situation “very difficult”, says IMF mission chief
Zimbabwe’s economic growth is threatened by high government spending, an untenable foreign exchange regime and inadequate reforms, a senior International…
Delayed IMF programme affecting kwacha currency, says Zambia’s central bank
Denny Kalyalya, Zambia’s central bank governor said Wednesday that the delay in reaching a conclusion for an aid programme with…
IMF sees tough South Africa budget unless fiscal risk sorted
South Africa will face more fiscal difficulties and higher financing costs should state-owned companies’ debt continue rising and if the…
