Assessing Uganda’s Fiscal and Monetary Policies in 2017 and beyond

Assessing Uganda’s Fiscal and Monetary Policies in 2017 and beyond

KAMPALA (Capital Markets in Africa) – Uganda’s rate of growth, though positive, has slowed over the past few years to average 4.5 percent in the last five years compared to 7.4 percent in the preceding period. Core inflation has been in line with the target of 5 percent over the medium term, with the few deviations from the target arising largely from supply side shocks caused by developments on the global scene as well as…

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Unlock the potential of African entrepreneurs to accelerate Africa’s industrial transformation

Unlock the potential of African entrepreneurs to accelerate Africa’s industrial transformation

ABIDJAN (Capital Markets in Africa) – African governments need to integrate entrepreneurship more fully into their industrialisation strategies, according to the African Economic Outlook (AEO) 2017 released Monday, May 22 at the African Development Bank Group’s 52nd Annual Meetings. In 2016, Africa’s economic growth slowed down to 2.2% from 3.4% in 2015 due to low commodity prices, weak global recovery and adverse weather conditions, which impacted on agriculture production in some regions. However, it is…

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IMF offers three-pillared prescription for African growth

IMF offers three-pillared prescription for African growth

LAGOS (Capital Markets in Africa) – Countries in sub-Saharan Africa need to get their budgets in order, diversify their economies and look after their poorest people. If they do that, there is no reason why the region cannot have the strong growth needed to meet the aspirations of a young and growing population. That, at least, is the three-pillared prescription from the International Monetary Fund as expressed by one of its top Africa researchers, Celine…

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March’s Inflation Trends Across the African Continent

March’s Inflation Trends Across the African Continent

LAGOS (Capital Markets in Africa) – Angola’s inflation eased to 36.52 percent year-on-year in March from 38.32 percent in February, data from the National Statistics Agency reported. Price increases on a month-on-month basis slowed 1.91 percent in March compared to a 2.3 percent previously. Algeria’s consumer price inflation stood at 7 percent year-on-year in March from 4.7 percent a year earlier. The National Statistics Office reported. Inflation reached 1.6 percent in March compared with the…

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IMF Sees `Subdued’ Growth Outlook for Sub-Saharan Africa

IMF Sees `Subdued’ Growth Outlook for Sub-Saharan Africa

LAGOS (Capital Markets in Africa) – Sub-Saharan Africa’s economic growth outlook is “subdued” as the region’s oil producers delay policy adjustments needed to trigger and sustain expansion momentum, the International Monetary Fund said. The area’s gross domestic product will probably expand 2.6 percent this year from 1.4 percent in 2016, the IMF said in an emailed copy of its Regional Economic Outlook. The modest recovery from the worst performance in more than two decades last year will…

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Moody’s to Visit South Africa in Coming Weeks, Buthelezi Says

Moody’s to Visit South Africa in Coming Weeks, Buthelezi Says

JOHANNESBURG (Capital Markets in Africa) – A team from Moody’s Investors Service will visit South Africa in the coming weeks after the ratings company put the nation on review for a downgrade early this month, Deputy Finance Minister Sfiso Buthelezi said. The National Treasury has concluded an international roadshow and will give an update on its outcomes at a later date, Buthelezi told reporters in Johannesburg on Friday. Buthelezi was appointed on March 31 as part of a…

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Economic Growth in Sub-Saharan Africa Rebounds to a Projected 2.6% in 2017

Economic Growth in Sub-Saharan Africa Rebounds to a Projected 2.6% in 2017

LAGOS (Capital Markets in Africa) – Sub-Saharan Africa experienced a slowdown in investment growth from nearly 8% in 2014 to 0.6% in 2015, according to the new Africa’s Pulse, a biannual analysis of the state of African economies conducted by the World Bank. This sluggish investment has coincided with a sharp deceleration in economic growth in Africa, the World Bank said in a report on Wednesday. In this issue of the Africa’s Pulse, a special…

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