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Economy

 

news by category: Economy

Found 75 articles.

Displaying 1-10 out of 75 results.

Doubts over post-slump bounce

Financial institutions share a baleful view of the pandemic’s damage to Africa’s economies, some doubling their estimates for lost growth

Economists in the international financial institutions have been updating their assessments of the damage the lockdown and pandemic are having on African economies on a weekly basi...


Rose-tinted budgets

Finance ministers promise economic growth and increased tax collection. But that doesn’t square with the reality

Optimism appears to be the name of the game as treasury ministers from Kenya, Tanzania and Uganda followed the recent practice of coordinating their 2020/21 budgets ahead of the ne...


AU pushes Africa bonds

Finance ministers and economists at the African Union are winning support to restructure the continent's official and commercial debt

Radical measures for a restructuring of Africa's commercial debt and the cancellation of some official debt are under way after the offer of a limited standstill on bilateral payme...


Hard bargaining ahead on debt and public health

Inward-looking industrialised countries are making few concessions as pandemic bites harder across Africa

Backed by forecasts from the World Bank and UN agencies of a deep recession, African finance ministers are to push next week for a coordinated response on public health funding, ec...


Into uncharted waters

Shutdowns, border closures and crashing commodity prices may cause an unprecedented financial breakdown

As cases of Covid-19 grow exponentially across the world, so do the public health and economic threats to African states as governments take action. With over 20 countries on the c...

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Revenues and resources are the key

Governments will have to raise far more revenue and staunch capital flight if they are to boost growth and investment this year

Africa will be thrown back on its own resources and internal revenue-raising capacity, at least for the short term, as the economies of major trading partners in Asia and Europe sl...

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Up against the slowdown

As growth ebbs in 90% of the world’s economies, Africa is trying to swim against the tide

The annual meeting of the International Monetary Fund and World Bank between 14 and 20 October in Washington DC was one of the gloomiest for decades, with economists competing to o...


Singing from the same spreadsheet

Despite growing fears about rising debt levels, the region's finance ministers have unveiled a series of expansionary budgets

The four major players in the East African Community completed the annual ritual of unveiling their national spending plans on 13 June. 'Transforming lives through industrialisatio...

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A military-Islamist complex

To rescue the economy, the new government will have to free it from the grip of the generals, the spies and corrupt politicians

Just as the spiralling price of bread was the trigger for the four months of nationwide protests that led to the toppling of President Omer Hassan el Beshir on 10 April, the politi...


Slowing down but borrowing more

International financial institutions are downgrading their growth prospects for the continent

As the International Monetary Fund and World Bank held their spring meetings in Washington DC last month, economists with both institutions presented an Africa growth picture which...

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Displaying 1-10 out of 75 results.