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Finance
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April 1, 2019

IMF STAFF COMPLETES 2019 ARTICLE IV CONSULTATION MISSION TO MOZAMBIQUE- UNABRIDGED

 

While it is still early to precisely assess the macroeconomic effects of Cyclone Idai and reconstruction costs, these will be very significant; Despite the likely adverse macroeconomic effects of Cyclone Idai in 2019, which are still being analysed, the outlook is for a recovery in economic activity over the medium-term; The mission also emphasises the importance of achieving significant debt relief and strengthening oversight of the entire public debt portfolio to bring public debt indicators to safer levels.

An International Monetary Fund (IMF) staff team led by Ricardo Velloso visited Maputo during March 13–27, 2019, to conduct the Article IV consultation [...]

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April 1, 2019

5 things you need to know in SA business today .

 

Tito Mboweni has lashed out at Sanral, criticising the agency’s decision to suspend summonses to recover e-toll debt.

“They [the board] must reverse the decision. It has implications for the bond market, it has implications for the fiscus. It has implications for their own credit rating and the credit rating of the country,” Mboweni said.

 

The repo rate remained unchanged yesterday, with the Reserve Bank worried about growth given loadshedding and weak business confidence. But it also expects that inflation will tick higher over the medium term due to the large Eskom tariff hikes and higher petrol prices. Trevor Manuel has threatened [...]
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February 20, 2019

New flight courses to Lusaka an indication of expanded enthusiasm for Zambia’s travel industry and business openings

ZAMBIA’S Minister of Tourism and Arts Charles Banda says the new flight courses to Lusaka are an indication of expanded enthusiasm for the nation’s travel industry and business openings.

Mr. Banda said the populace going for business and recreation has expanded after some time, which is pulling in aircraft over into the nation.

“Zambia is an interesting goal since it is at the middle imparting outskirts to eight (8) different nations. The aggregate populace of these nations is more than 600 million with various business thoughts and exchanges,” the clergyman said in Lusaka today when he highlighted on CNBC Africa ‘Power Lunch’ live [...]

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February 19, 2019

NAMIBIA TO ACQUIRE MORE FUNDS FROM GERMANY

Finance minister Calle Schlettwein says Namibia will think about getting more cash from Germany to subsidize a few formative undertakings.

Schlettwein said the credits would be sourced through German advancement bank KfW, which has some participation concurrences with the administration.

He made these comments a week ago in a meeting on the sidelines of a gathering between president Hage Geingob, Bank of Namibia representative Ipumbu Shiimi, and the leader of the German national bank (Bundesbank) Jens Weidmann at State House.

The clergyman said Namibia and Germany as of now have a credit cycle understanding that covers the improvement envelope and is assessed [...]

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