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July 10, 2019

Africa’s bond markets need gov’t support: experts

Robert Kiyosaki said, “Financial freedom is available to those who learn about it and work for it.” Of course this statement rings true when we consider financial giants in the world today. No economy is able to survive without some level of financial freedom, not even a continent as big and resilient as Africa. In…Read More

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South African rand firms to 3-month high

South Africa’s rand rose against the U.S dollar on Thursday, hitting its strongest in nearly three months. The rand tracked fellow emerging market currencies, as the dollar was dented by hopes of U.S. interest rate cuts. Stocks were down after the U.S national holiday on July 4, reduced volumes in local equities, and the stronger…Read More

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IMF to consider Congo bailout on July 11

The International Monetary Fund’s (IMF) executive board will weigh a long-delayed bailout plan for Congo Republic on July 11, according to a calendar published on its website. Negotiations for an IMF programme have dragged on since 2017, with the executive board demanding the central African oil producer ensure the sustainability of its debt, most of which is…Read More

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