Africa
South Africa signals rising debt as ratings downgrades loom
South Africa forecast higher debt and wider fiscal deficits over the next three years, heightening the risk of further credit…
South Africa’s retail sales rise 5.5% year-on-year in August
South African retail sales rose by 5.5 percent year-on-year in August, beating market expectations, after increasing by a revised 1.6…
ITFC signs $45m deal with The Gambia to finance energy sector
The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group, has signed a US$…
Zimbabwe to cut budget deficit by half in 2018 as economy slows down 3%
Zimbabwe expects to cut its budget deficit by half next year to 4 percent of the gross domestic product, while…
Mugabe bans importation of fruit, vegetable into Zimbabwe as forex crunch deepens
Joseph Made, Zimbabwe agriculture minister said Tuesday that the country has banned the importation of fruit and vegetables with immediate effect…
Bank of Ghana holds key rate at 2015 low as inflation rose in August from lowest in 4 years
Ghana’s central bank kept its key lending rate at the lowest since 2015 after inflation accelerated for the first time…
