Tag: fiscal policy
Vetiva Capital Management says although Nigeria’s total debt to GDP ratio is below the suggested prudential upper band of 40 per cent for developing economies, a higher than projected fiscal deficit, high cost of borrowing and weaker Naira may further limit Nigeria’s fiscal space and reduce the capacity to respond to the Covid-19 crisis. Mosope Arubayi, Chief Economist at Vetiva joins CNBC Africa for more.
President of Manufacturers Association of Nigeria (MAN), Mansur Ahmed says for the first time in a long time Nigeria has a comprehensive finance bill which brings together key issues on fiscal policy that needs to be constantly under review. He joins CNBC Africa’s Christy Cole on the sidelines of an interactive session on consumer goods sector organised by Nigerian Stock Exchange (NSE).
Last week in the Monetary Policy Committee (MPC) meeting, Bank of Uganda moved to maintain the Central Bank Rate at 10 per cent. Economic growth in Financial Year 2019/2020 is projected at 6-6.3 per cent supported by the accommodative monetary policy that resulted in stronger growth in private sector credit, expansionary fiscal policy and multiplier effects of public infrastructure investments. Oscar Emasu, Research Analyst at Crested Capital joins CNBC Africa for more.
The question of whether Kenya is borrowing too much and for the right purposes has been subject to debate more often than not. To discuss the country's fiscal policy, Governor of Kenyan Central Bank (KCB), Patrick Njoroge joins CNBC Africa's Arnold Kwizera for more.
Fiscal policy, trade and the private sector in the digital age: a strategy for Africa. This is the main theme at this year’s Economic Commission for Africa's Conference of Ministers at Marrakech in Morocco. This provided an opportunity for the ministers of finance from Africa to review fiscal policies for the African Continental Free Trade Agreement. CNBC Africa’s Fifi Peters spoke to Adam Elhiraika, Director for Macroeconomic and Governance Division at UNECA about the issues affecting the least developed countries and why there are so many of them in Africa.
South Africa's central bank governor Lesetja Kganyago said on Tuesday that raising lending rates would do little to attract new investments.
South Africa's new Finance Minister Malusi Gigaba said on Wednesday Treasury is committed to fiscal consolidation plans outlined in the 2017 budget after S&P and Fitch downgraded the country to sub-invest
"There is currently no space to loosen fiscal policy, or do much expenditure switching, ahead of 2019 national election," Maya Senussi.