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Wednesday, 8th April 2020
12:06:54pm

Economy

Articles related to economy

Sudan will ask World Bank for $2 billion in support - finance minister

Sudan’s prime minister will ask the World Bank for $2 billion in support during his current visit to New York, the country’s finance minister said on Monday.

Finance Minister Ibrahim Elbadawi also said Sudan had asked the World Bank to second and fund three Sudanese experts to work in Sudan during the country’s political transition.

-Reuters

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South African rand firmer against dollar, seen on backfoot

South Africa’s rand was slightly firmer against the U.S. dollar on Monday after “productive” Sino-U.S. trade negotiations helped forge a cautious, risk-on mood.

* The rand traded at 14.9150 versus the greenback, as of 0513 GMT, 0.13% stronger compared with its overnight close.

* While a deal still looked elusive following talks between the United…

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IMF sees Namibia growing in 2020 after three-year contraction

Namibia’s economy will return to growth in 2020 after contracting for three straight years, but a failure to implement structural reforms could keep the southwest African nation stuck in a low-growth trap, according to the International Monetary Fund.

The economy of the world's largest marine-diamond producer has been hit by a regional drought and…

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South African rand flat as central bank seen holding key rate

South Africa’s rand was little changed on Thursday, ahead of the central bank’s monetary policy decision later in the day where economists expect it to keep the key rate unchanged.

* The rand was trading at 14.6900 versus the U.S. dollar at 0625 GMT, less than 0.1% stronger than its previous close.

* The South African Reserve Bank (SARB) was seen…

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World Bank lifts aid embargo, approves $450 million loan for Tanzania

The World Bank has approved a $450 million loan to Tanzania, the bank said on Friday, signalling the release of the first tranche of funds to the East African nation that were frozen last year because of concern over government policies.

Those concerns included passing a law that made it illegal to question official statistics and expelling…

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