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Economics

IMF Executive Board Approves US$94.1 Million Under the ECF and EFF Arrangements for Côte d’Ivoire

The Executive Board’s decision will enable an immediate disbursement of total amount of SDR 69.686 million (about US$94.1 million). The remaining amount will be phased over the duration of the program, subject to semi-annual reviews On December 12, 2016 the Executive Board of the International Monetary Fund (IMF) approved two …

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IMF Staff Discusses with the Beninese Authorities on a Possible Fund-Supported Program

The new government is moving swiftly to change the policy environment and is intent on fostering a structural transformation of the economy and improving the living conditions of the population At the request of the government of Benin, a team from the International Monetary Fund (IMF), led by Norbert Toé, …

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IMF Executive Board Concludes 2016 Article IV Consultation with the Union of the Comoros

Growth in 2016 is estimated at 1 percent in 2015, below the annual population growth rate of 2.5 percent On December, 7, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation[1] with The Union of the Comoros. The Comorian economy encountered difficulties in 2015 …

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Start reimagining your business model now

By Brett Parker, Managing Director – SAP Africa Brett Parker, Managing Director – SAP Africa JOHANNESBURG, South Africa, 13 December 2016,-/African Media Agency (AMA)/- “When you’re finished changing, you’re finished,” said the wise Benjamin Franklin. But we don’t need to take his word for it: there are many inspired thoughts …

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RiskMap 2017. West Africa: No smooth sailing in the “New normal”

Macro-economic instability fuelled by low oil prices and global economic sentiment will continue to be the main driver of business risks across West Africa in 2017 African nations vying to emerge as the commercial gateway for foreign direct investment, offer opportunities but also unknown threats for business Macroeconomic factors: low …

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RiskMap 2017. Southern Africa: Management of Political Change Will Dictate the Level of Uncertainty for Businesses

Macro-economic instability fuelled by low oil prices and global economic sentiment will continue to be the main driver of business risks across Southern Africa in 2017 Internal political uncertainty across a number of key nations will pose a much greater risk to businesses on the continent than the effect of …

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RiskMap 2017. East Africa: Political flux threatens stability of business environment

Macro-economic instability fuelled by low oil prices and global economic sentiment will continue to be the main driver of business risks across East Africa in 2017 Internal political uncertainty across a number of key nations will pose a much greater risk to businesses on the continent than the effect of …

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The Islamic Corporation for the Development of the Private Sector (ICD) and the Eastern and Southern African Trade and Development Bank (PTA Bank) sign a MoU to facilitate financing and investment project

The MoU envisages bilateral cooperation between ICD and PTA Bank in order to promote and facilitate the execution of their respective mandates through financing and investments in their common member countries A Memorandum of Understanding (MoU) was signed between, the Islamic Corporation for the Development of the Private Sector (ICD) …

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Marriott International debuts First Hotel in West Africa with Sheraton Grand Conakry

Sheraton Grand Conakry Joins Brand’s Premier Tier of Best-in-Class Hotels Around the World Sheraton Hotels & Resorts (www.StarwoodHotels.com/sheraton), part of Marriott International, Inc. (NASDAQ:MAR) (www.Marriott.com), today announced the debut of Sheraton Grand in Africa with opening of Sheraton Grand Conakry (www.SheratonGrandConakry.com), welcoming it to the brand’s premier tier of hotels …

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