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Wednesday, 8th April 2020
11:49:31am

Economy

Articles related to economy

Sudan agrees reforms with World Bank, IMF - finance minister

Sudan has agreed a roadmap to “rehabilitate” the country with the World Bank, International Monetary Fund and African Development Bank, its finance minister said on Thursday.

Finance Minister Ibrahim Elbadawi said the plan involved structural reforms but did not go into further details. He said as part of the deal Sudan would not have to pay its…

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Zimbabwe central bank to introduce new dollar note and coins

Zimbabwe’s central bank will introduce some notes and coins in the Zimbabwe dollar currency in the next two weeks, the latest step towards restoring the domestic currency, central bank governor John Mangudya said on Tuesday.

The new money, consisting of 5 dollar notes and 2 dollar coins, will be introduced gradually to avoid driving up inflation,…

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Ghana GDP growth to rise to about 7% in 2019 -IMF

Ghana’s economic growth is expected to rise to around 7% this year from 6.3% in 2018, boosted by its extractive industries, the International Monetary Fund said on Thursday.

The Fund said in a statement at the end of a staff visit that Ghana, which exports oil, gold and cocoa, had maintained macroeconomic stability since the conclusion of a…

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Zimbabwe president says Western sanctions a "cancer" eating at economy

Zimbabwe’s President Emmerson Mnangagwa on Friday described Western sanctions as a “cancer” sapping the economy, and his supporters denounced the measures during marches held around the southern African country.

Mnangagwa’s opponents stayed away from the demonstrations, saying they were a distraction from the president’s mishandling of the economy,…

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Putin steps up drive for clout in Africa with broadside against West

President Vladimir Putin stepped up Russia’s push for influence in Africa days before he hosts a summit with African leaders, saying on Monday that Moscow could offer help without strings attached unlike what he cast as the exploitative West.

The Kremlin has said it expects 47 African leaders to converge on the Black Sea city of Sochi for the Oct.…

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