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South Africa must fix its public finances, Ramaphosa says

President Cyril Ramaphosa delivers his State of the Nation address at parliament in Cape Town, South Africa, February 13, 2020. PHOTO BY REUTERS/Sumaya Hisham
President Cyril Ramaphosa delivers his State of the Nation address at parliament in Cape Town, South Africa, February 13, 2020. PHOTO BY REUTERS/Sumaya Hisham
By Wendell Roelf
14/02/2020

CAPE TOWN (Reuters) - South Africa must fix its strained public finances and procure more renewable energy quickly to address a power crisis, President Cyril Ramaphosa said on Thursday.

African Development Bank says World Bank chief's criticism "misleading"

Akinwumi Ayodeji Adesina, President of the African Development Bank Group, attends a meeting of the 2020 African Economic Outlook report in Abidjan, Ivory Coast, January 30, 2020. PHOTO BY REUTERS/Luc Gnago
Akinwumi Ayodeji Adesina, President of the African Development Bank Group, attends a meeting of the 2020 African Economic Outlook report in Abidjan, Ivory Coast, January 30, 2020. PHOTO BY REUTERS/Luc Gnago
14/02/2020

WASHINGTON (Reuters) - The African Development Bank on Thursday pushed back against World Bank President David Malpass' comments that it and similar regional development banks were contributing to emerging market debt problems, saying that his criticism was "misleading and inaccurate."

Tanzania signs $1.46 billion loan for standard gauge railway construction

People walk outside the main branch of Standard Chartered in Hong Kong, China, August 1, 2017. PHOTO BY REUTERS/Bobby Yip
People walk outside the main branch of Standard Chartered in Hong Kong, China, August 1, 2017. PHOTO BY REUTERS/Bobby Yip
14/02/2020

DAR ES SALAAM (Reuters) - Tanzania has signed a $1.46 billion loan agreement with Standard Chartered Bank Tanzania to fund the construction of 550 km (341.75 miles) of standard gauge railway running between the commercial capital and central Tanzania.

Tunisia eyes IMF talks in March on sixth review of loan deal -minister

International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., as IMF Managing Director Christine Lagarde meets with Argentine Treasury Minister Nicolas Dujovne, September 4, 2018. PHOTO BY REUTERS/Yuri Gripas
International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., as IMF Managing Director Christine Lagarde meets with Argentine Treasury Minister Nicolas Dujovne, September 4, 2018. PHOTO BY REUTERS/Yuri Gripas
By Tarek Amara
12/02/2020

TUNIS (Reuters) - Tunisia will invite the International Monetary Fund to talks in March over a sixth review of its IMF loan programme after its new government is formed following months of delay, Economic Reforms Minister Taoufik Rajhi said on Wednesday.

Algeria's public debt rises to 45% of GDP, economy "delicate": PM

Demonstrators wearing national flags walk past a street vendor during a protest demanding a change of the power structure in Algiers, Algeria, January 24, 2020. PHOTO BY REUTERS/Ramzi Boudina
Demonstrators wearing national flags walk past a street vendor during a protest demanding a change of the power structure in Algiers, Algeria, January 24, 2020. PHOTO BY REUTERS/Ramzi Boudina
12/02/2020

ALGIERS (Reuters) - Algeria's public debt rose to 45% of gross domestic product at the end of last year from a level of 26% in 2017, and the country's economic situation is "delicate", Prime Minister Abdelaziz Djerad said on Tuesday.

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