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Africa: Positive news from unlikely sources
LAGOS (Capital Markets in Africa) – Some good news from two African countries that have come to epitomise the continent’s fiscal struggles. A breakthrough regarding Zambian debt discussions is reportedly not too far away. Next month could see the signing of a Memorandum of Understanding with official creditors, which would effectively untie the IMF’s hands and allow the Fund to finally provide support. In Ghana, the Q4 2022 GDP release came in much better than…
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