Tag: GDP growth

IMF says South Africa at risk if economic reforms don’t materialise fast

South Africa faces a prolonged period of weak economic growth marked by rising unemployment, inequality and greater credit-rating risk if the government does not act fast to implement reforms.

Construction, mining & comms credited as catalyst for Tanzania’s Q2 growth

Tanzania’s GDP growth has grown by 7.2 per cent year on year in Q2 up from 6.1 in the same period last year. It’s reported that growth in construction, mining and comms sectors are to thank. Analyst and Bankable Partner, Ivan Tarimo joins CNBC Africa for more.

Tanzania’s economy rises by 7.2 % in Q2

Tanzania’s economy grew by 7.2 percent year-on-year in the second quarter of 2019, up from 6.1 percent in the same period a year ago.

Nigerian MPC: What will the CBN do?

The two biggest economies in Africa are holding MPC meetings today and tomorrow respectively. We shift our focus to the West of Africa with Nigeria as they experienced a slight second quarter GDP growth which may impact the rate decision. Joining CNBC Africa for more is Benedict Craven, Principal Economist for Africa at EIU.

South Africa’s is likely to miss 1.5% growth target, here’s why

South Africa’s economic growth is unlikely to reach the treasury’s target of 1.5% in 2019, Finance Minister Tito Mboweni said on Friday.

Somalia’s economy expected to grow by 2.9%, what you need to know

Somalia’s economy is expected to grow by 2.9% this year, from 2.8% last year, before growth quickens to 3.2-3.5% in the medium term, the World Bank said on Monday.

IMF says South Africa’s debt is “becoming uncomfortable”, but no bailout requested, what you need to know

South Africa’s public debt, which is approaching rating agencies’ red line of 60% of economic output, is reaching uncomfortable levels, an IMF official said on Thursday.

World Bank contradicts Tanzania’s rosier growth estimates, what you need to know

Tanzania’s economy expanded 5.2% in 2018, the World Bank said on Thursday, the second major report this year from a multilateral financial institution contradicting rosier government figures.