Author: The Editorial Team

TUNIS (Capital Markets in Africa) – Tunisia is readying for the next installment of its International Monetary Fund loan after months of delay, a sorely needed cash injection for a North African nation whose government is struggling to cut costs, curb inflation and boost economic growth. The tranche of around $250 million, part of the $2.9 billion loan Tunisia secured in 2016, is expected to be paid out after the fund conducts its sixth review…

ACCRA (Capital Markets in Africa) – Ghana’s slower economic growth in 2018 beat the International Monetary Fund’s forecast, and may set the scene for the West African economy to expand the fastest in the world this year, as the lender predicted last week. Gross domestic product expanded 6.3 percent last year, Samuel Kobina Annim, government statistician at the Ghana Statistical Service, told reporters Wednesday in the capital, Accra. While it was slower than 2017’s growth of 8.1…

LAGOS (Capital Markets in Africa) – Nigeria’s inflation rate hovered above 11 percent in March as growth in food prices accelerated. Consumer prices in Africa’s largest oil producer rose 11.3 percent from a year earlier, matching the rate in March, the Abuja-based National Bureau of Statistics said in a report published on its website Tuesday. Key Insights Price risks could elevate in the first half due to a 67 percent increase in the national minimum…