Business and economy: Top news headlines from across Africa on November 02, 2016

Kenya’s National Treasury intends to raise an additional Sh59 billion from the domestic market this fiscal year, pushing the target amount to Sh294 billion as it steps back from external borrowing.

The IMF said on Wednesday Rwanda’s economy was forecast to grow at 6.2 percent in 2017, slightly up from this year’s projection of 6 percent and that the rate would accelerate to 6.6 percent in 2018.

Egypt’s budget deficit hit 12.2 percent of the Gross Domestic Product (GDP), at EGP 339.5 billion for fiscal year 2015/16, the finance ministry said in an official statement on Wednesday.

‘‘AIG will stop offering insurance products in the general market in Uganda,” AIG said in a statement.