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Debt relief needed to help Zimbabwe

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Zimbabwe's heavy debt burden can only be tackled through international debt forgiveness, according to the International Monetary Fund. An IMF staff paper published,...

Ghana sees 20 pct growth in 2011: central bank

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Oil will help raise Ghana's economic growth rates to 20 percent next year, the deputy governor of the central bank said, hinting...

Liberia sees growth at 7 pct: minister

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Liberia's economy will grow 7 percent this year and it hopes for a recovery that will bring jobs and cash after foreign...

IMF urges Senegal to rein in spending to cut deficit

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The International Monetary Fund urged Senegal to rein in public spending to bring its public deficit down to 4 % of gross...

Ivory Coast growth could fall to 3 pct: IMF

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The International Monetary Fund said that Ivory Coast's economic growth could fall to 3 percent this year, after weeks of political instability...

Rwanda forecasts 7 pct economic growth

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Rwanda's economy should grow by 7 percent this year, accelerating from around 5.5 percent growth in 2009, as mineral exports and the...

Nigeria on course for 6.1 pct growth: minister

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Nigeria is on track to meet targets of 6.1 percent growth and 11.2 percent inflation this year, Minister of State for Finance...

Egypt sees GDP growth at 5.5 pct

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Egypt's economy, buoyed by rising exports, could grow by 5.5 percent in fiscal 2010/11 and attract $10 billion in foreign direct investment...

Libya plans 32 pct budget spending increase

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Oil producer Libya plans to increase budget spending by 32% to a record 58 billion dinars ($46.6 billion) this year, a government...

Nigeria growth, spending on track: finance minister

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Nigerian government spending has not slowed in the absence of President Umaru Yar'Adua and the economy is on course to grow a...

COMPANY NEWS

SONA doesn’t do defence

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The SA National Defence Force (SANDF) was much in evidence ahead of President Cyril Ramaphosa’s State of the Nation Address (SONA). This high visibility did...