North and South Africa News Round Up
NORTH AFRICA
MOROCCO — Morocco’s government plans to renegotiate a precautionary credit line with the International Monetary Fund. (REUTERS) READ MORE
EGYPT — Yields on the Egyptian government’s five-year bonds rose at an auction on Monday, data from the central bank showed. (REUTERS) READ MORE
ALGERIA- British Prime Minister’s Special Envoy for Economic Cooperation with Algeria Lord Richard Risby on Monday hailed the success of the 2nd Algerian-British Businessmen Forum and the policy pursued by the Algerian government to cope with oil price decline. (APS.DZ) READ MORE
EGYPT- Egypt aims to achieve an economic growth rate of 5.2% during the coming fiscal year, according to the financial statement for the fiscal year (FY) 2016–2017 budget. (DAILY NEWS EGYPT) READ MORE
TUNISIA — Maltese communications company GO plc has selected La Societe Nationale des Telecommunications (Tunisie Telecom) as the final preferred bidder for the sale of its entire issued share capital. (REUTERS) READ MORE
TUNISIA- Following Tunisia’s extraordinary democratic transition, the United States remains committed to helping the Tunisian people expand their economy so the entire country can prosper. (EDITORIALS.VOA.GOV) READ MORE
SOUTHERN AFRICA
SOUTH AFRICA- uniformly red Asian stock exchanges trading ahead of the JSE’s opening on Tuesday morning made a down day look likely. (BDLIVE) READ MORE
SOUTH AFRICA- SA’s economic growth data, revised using a new calculation method, continues to show a dire state of economic output. (BDLIVE) READ MORE
ANGOLA — Poorer oil-producing countries which took out loans to be repaid in oil when the price was higher are having to send three times as much to respect repayment schedules now prices have fallen. (REUTERS) READ MORE
SOUTH AFRICA — South Africa’s rand weakened nearly 1 percent on Monday as the dollar gained on rising expectations of a U.S. interest rate hike, while mining shares were hit by softer commodity prices. (MINE WEB) READ MORE
ZAMBIA- A consortium of civil society organisation has maintained that the proposed mineral royalty tax bands are retrogressive and will compromise mineral resource revenue collection. (LUSAKA TIMES) READ MORE
