Tag Archive for: IMF

CNBC Africa

Mayor’s Private Sector Conference

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https://www.youtube.com/watch?v=sYjwT8ErH3U
IMF

Top 5 economies in Sub-Saharan Africa to watch out for in 2023, according to IMF

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Just when Africa’s economy appeared to be recovering from the COVID-19 pandemic, a range of internal and external shocks struck such as adverse weather conditions, and the Russian invasion of Ukraine – all of which worsened already rapidly…
CNBC Africa

Top 5 economies in Sub-Saharan Africa to watch out for in 2023, according to IMF

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Just when Africa’s economy appeared to be recovering from the COVID-19 pandemic, a range of internal and external shocks struck such as adverse weather conditions, and the Russian invasion of Ukraine – all of which worsened already rapidly…
Business Daily

IMF Projects Ethiopia, Angola Economies to Overtake Kenya

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Kenya is set to be replaced as the third-largest economy in sub-Saharan Africa by Angola and Ethiopia, weakening the East African country’s power to tap investors enticed with a population that has more cash to spend. Faster GDP growth…
Africa News

Ghana extends Domestic Debt Exchange deadline for 3rd time

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Ghana has for the third time extended the deadline of the debt exchange programme to Jan. 31, Finance Minister Ken Ofori-Atta said on Monday. The extension is to allow the government to build consensus while they engage with stakeholders’…
IMF

IMF to African Oil Exporters: Create Fiscal Buffers Now

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The International Monetary Fund, (IMF) has advised oil exporting countries in Africa to, as a matter of urgency, create fiscal buffers, against possible future oil price falls. According to the organization’s statement yesterday, African…
CNBC Africa

IMF Approves Disbursement of $447.39 Million to Kenya

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The International Monetary Fund’s (IMF) board has approved the disbursement of $447.39 million to Kenya after a review of its lending programme, the fund said on Tuesday. Kenya’s public debt had begun to “level off” due to fiscal…
CNN

Ghana suspends payment of part of its foreign debt, including Eurobonds

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Ghana has temporarily suspended the payment of part of its external debt, including Eurobonds, as it seeks to restructure it after an agreement with the International Monetary Fund (IMF) last week. "We are announcing today (Monday) the…
CNBC Africa

Ghana to Swap Local Debt in Fight to Regain Economic Stability

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Ghana asked investors to exchange around $9 billion in domestic debt for new bonds on Monday (Dec.5) to ease a crunch in payments as the government negotiates an IMF bailout during its worst economic crisis in decades. Finance Minister Kenneth…
CNBC Africa

Zambia on Track for Debt Restructuring Next Quarter-Finance Minister

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Zambia is pushing hard to complete the restructuring of nearly $15 billion of external debt in the first quarter of 2023 and is “in active engagement” with its largest bilateral creditor China, Zambia’s finance minister said in an interview…
CNBC Africa

IMF Grants Malawi Waiver in Reserves Misreporting Case

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The International Monetary Fund’s executive board has granted Malawi a waiver after it was suspected of misreporting its foreign exchange reserves, helping clear the way for new lending, the IMF’s resident representative for Malawi told…