By Vuyani Ndaba JOHANNESBURG (Reuters) – South Africa’s Reserve Bank will hike its repo rate another 75 basis points to 7.00% on Thursday to reinforce its action over sticky and uncomforta[...]
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Africa
IMF grants Senegal credit extension until January 2023 for reviews
DAKAR (Reuters) -The International Monetary Fund’s board has approved Senegal’s request for a credit extension to Jan. 10, 2023, to allow time to complete credit and policy reviews, the Fu[...]
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IMF grants Malawi waiver after it overstated its reserves
BLANTYRE (Reuters) – The International Monetary Fund’s executive board has granted Malawi a waiver after it misreported its international reserves, the IMF said on Thursday, helping clear[...]
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Senegal reform implementation slower than expected – IMF staff
(Reuters) – Senegal has made “significant progress” in implementing structural reforms but those have come at a slower pace than anticipated, the International Monetary Fund’s[...]
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Nigeria’s debt service costs to remain elevated in medium term -Fitch
By MacDonald Dzirutwe LAGOS (Reuters) – Nigeria’s debt service costs will remain elevated in the short to medium term, which will hobble the country’s ability to use fiscal policy to[...]
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