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IMF Approves New Three-year Loan Arrangement For Malawi

IMF Approves New Three-year Loan Arrangement For Malawi

The International Monetary Fund (IMF) has approved a new three-year $112.3 million loan arrangement for Malawi to assist the southern African country’s economic and financial reforms. In a statement late on Monday, the IMF said the approval would enable the immediate disbursement of about $16 million, with the remaining amount to be phased over the […]

Morocco’s GDP Growth To Slow To 2.8 Percent In 2018

Morocco’s GDP Growth To Slow To 2.8 Percent In 2018

Morocco’s economic growth will slow to 2.8 percent this year, down from 4 percent in 2017, officials forecast on Wednesday, blaming a decline in agricultural production. A lack of rainfall will cause farming output to fall by 1.3 percent this year after a 13.6 percent gain last year due to better weather conditions, officials told […]

Nigeria Targets 7 pct GDP Growth By 2020

Nigeria Targets 7 pct GDP Growth By 2020

Nigeria is targeting economic growth of at least 7 percent by 2020, the Ministry of Budget and National Planning said on Tuesday, as the government seeks to lift the country out of its first recession in 25 years. The target for gross domestic product growth is part of a medium-term economic recovery plan, it said […]

S.Africa Economy Poised For Growth, Stable Repo Rate In 2017

S.Africa Economy Poised For Growth, Stable Repo Rate In 2017

South Africa’s economy will get a boost from perkier commodity prices, a benign inflation outlook and better rains for the agriculture sector this year, a Reuters poll found on Thursday. A median of 27 economists in a poll taken over the past week suggested growth in South Africa would accelerate to 1.1 percent this year […]

Financial Inclusion Of Women Can Raise Nigeria’s GDP By 12%

Financial Inclusion Of Women Can Raise Nigeria’s GDP By 12%

A former Minister of Finance, Dr. Ngozi Okonjo-Iweala on Thursday called for policies that would ensure that more women are brought into the financial system. According to her, including more women in the financial system could add about 10 to 12 per cent to the country’s Gross Domestic Product (GDP). Speaking in Lagos at a […]

The Cocoa Slave Plantations of Africa in the 21st Century

The Cocoa Slave Plantations of Africa in the 21st Century

NTOABOMA — Chocolate means little to my grandmother. In fact, growing up in the average village that was Ntoaboma in the middle of the country now called Ghana, I knew little of the sugar induced accoutrement of uppity ritual myself. I always received gifts throughout the year – especially when one of my grandparents would […]