NAIROBI (Reuters) – Kenya’s finance ministry has tweaked its spending and budget deficit estimates for the current fiscal year that ends in June to show a slight increase in overall expend[...]
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Africa
Ghana debt swap deal ‘good for you’, finance minister tells retirees
By Christian Akorlie ACCRA (Reuters) -Ghana’s finance minister told a group of protesting retiree bondholders on Monday they were being a offered a good deal, as the government of the struggling[...]
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Botswana sees 2023 growth of 4%, plans infrastructure drive
By Brian Benza GABORONE (Reuters) – Botswana expects economic growth of 4% this year while targeting medium-term growth of 5.7%, and the government plans to ramp up infrastructure investment, it[...]
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China must join Ghana debt restructuring effort soon, Germany’s Lindner says
By Christian Akorlie and Cooper Inveen ACCRA (Reuters) – Germany’s finance minister singled out China during a visit to Ghana on Friday, as he called on countries that have lent to the emb[...]
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Major central banks rekindle rate hike push after dry January
By Karin Strohecker and Vincent Flasseur LONDON (Reuters) – Major central bank interest rates moves were off to a tepid start in January with a single hike by Canada but the pace will speed up a[...]
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Kenya private sector activity jumps in January – PMI
NAIROBI (Reuters) – Kenya’s private sector activity rose for a third consecutive month in January, helped by improved business in agriculture, manufacturing, services and wholesale and ret[...]
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South African business activity shrinks solidly in January
JOHANNESBURG (Reuters) – Activity in South Africa’s private sector in January contracted a its fastest pace since the end of 2021 as new orders fell due to rolling power cuts and weak econ[...]
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Nigeria disagrees with ‘surprise’ Moody’s downgrade – finance minister
By Felix Onuah and Chijioke Ohuocha ABUJA (Reuters) – Nigeria’s finance minister said on Thursday she disagreed with what she called a “surprise” downgrade of the country[...]
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Emerging markets growth slowdown bottomed out in 2022, but risks remain – IMF
By Rodrigo Campos NEW YORK (Reuters) – The International Monetary Fund on Monday raised its output growth estimate on emerging markets for this year, with projections now showing the economic sl[...]
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