Top Africa stories: Zim, Nigeria, Gambia

2016-11-16 10:24

Zim cash crisis is reportedly deepening, with banks said to have started imposing card use limits on travellers going abroad and Gambia has officially notified the UN of ICC pullout.

Egypt secures $2bn ahead of IMF bailout

2016-11-11 11:16

Egypt's Central Bank is bolstering the country's foreign reserves by securing $2bn in international funding, hours before the International Monetary Fund's board meets to seal Egypt's $12bn loan

When greed kills a nation

2016-11-06 06:18

It was not that long ago that Mozambique was the darling of global financial institutions and international investors.

IMF, World Bank 'remote-control' developing nations - Agang

2016-11-02 10:02

The IMF and the World Bank are “Westernised” institutions with no regard for democracy, the ANC has said in a paliamentary debate over SA's relationship with the two lenders.

UK economy wins round one of Brexit

2016-10-27 14:15

The 0.5% growth rate in the three months since the Brexit vote is far from the dire warnings of recession some had predicted.

IMF: Sub-Saharan Africa growth to slow to lowest in 20 years

2016-10-25 20:11

The International Monetary Fund is warning that growth in the sub-Saharan Africa region is likely to slow to its lowest point in more than 20 years

African banks are sinking deeper into trouble

2016-10-21 19:31

Drowning in bad debt and swamped by slowing economies, more and more of the continent’s lenders are starting to fail.

Shawn Hagedorn: Time is now. Zuma must reshuffle towards pro-growth, pro-business

2016-10-17 20:06

The risk of the ANC not achieving a majority in 2019 means Zuma and his cronies are seriously motivated to avoid a downward economic and social spiral, says an analyst.

Better livestock policies in Africa offer a pathway out of poverty

2016-10-05 10:18

Using well-adapted African cattle to improve the gene pool is more sustainable than quick fix crossbreeding or cow donations, writes Thumbi Mwangi.

Six things to know about Deutsche Bank

2016-09-30 15:15

Shares in Deutsche Bank have plunged, dragging down other European banks and markets worldwide.


IMF lifts sanctions against Zimbabwe – report

2016-11-15 15:02

The International Monetary Fund has lifted sanctions against Zimbabwe after the southern African country settled its arrears, a report says.

IMF chief to recommend $12bn Egypt loan approval

2016-11-09 11:21

IMF chief Christine Lagarde says she will recommend the institution approve a $12bn loan for Egypt when the board meets to support the country's "ambitious" reform programme.

Egypt devalues, floats its currency, meeting key IMF demand

2016-11-03 19:14

Egypt has devalued its currency by 48% and announced the pound would be allowed to float - measures that meet a key demand by the IMF in exchange for a $12bn loan over three years to overhaul the country's ailing economy.

Sri Lanka to sell white elephants

2016-10-27 20:31

Sri Lanka says it will reduce its foreign debt by $1bn by selling off former strongman president Mahinda Rajapakse's vanity projects.

Mozambique admits to unsustainable debts

2016-10-26 21:01

Mozambique has said its debt levels are unsustainable and that it must restructure repayments if the impoverished country is to receive further International Monetary Fund aid.

Zimbabwe pays IMF arrears, first step to restoring lending

2016-10-21 20:30

Zimbabwe has paid off 15 years of arrears with the International Monetary Fund, taking the first key step towards restoring its access to international loans.

Zim finally settles IMF debt

2016-10-21 09:45

Zimbabwe has paid off its 16-year debt of $108m to the International Monetary Fund as part of its arrears clearance strategy with multilateral institutions.

Lagarde: Globalisation must be different

2016-10-06 19:42

Globalisation must be "different" in the future, with world governments working more to prevent persistent inequality, says IMF chief Christine Lagarde.

Sierra Leone slashes spending in huge austerity drive

2016-10-04 20:21

Sierra Leone has announced it will slash spending across the board and freeze all government projects to stabilise its finances following a prolonged economic slump.

IMF sees Namibia's economic growth slowing

2016-09-21 17:45

The IMF expects Namibia's economic growth to slow to 2.5% this year after expanding by 5.3% in 2015, as a decline in construction activity weighs.

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