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4 Nov 16
Sudan has raised fuel prices by around 30% as a severe shortage of foreign currency adds to a growing economic crisis in the country.
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3 Nov 16
The African Development Bank has approved a $600m loan in a bid to plug Nigeria’s gaping $7bn budget deficit.
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31 Oct 16
Mozambique’s bondholders have told the country its hopes to renegotiate its debts by the end of the year are “unrealistic”, according to the Financial Times.
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10 Oct 16
The International Monetary Fund has slashed its budget deficit projections for oil-exporting countries in the Middle East and North Africa over the next five years, by over $230bn.
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5 Oct 16
Nigerian president Mohammadu Buhari is planning to outdo his government’s record 2016 spending next year, according to budget proposals sent to the country’s parliament for approval.
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27 Sep 16
Saudi Arabia has announced sudden cuts to pay and perks for government employees as the oil-dependent kingdom struggles to balance the books and adjust to low commodity prices.
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22 Sep 16
The United Nations has warned of growing fears of a fresh sovereign debt crisis as poorer states that borrowed heavily in good economic times struggle to weather lower levels of growth.
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8 Sep 16
The Nigerian government hopes to tackle the country’s first recession in more than 20 years by promoting the agriculture and solid minerals sectors in order to diversify the economy.
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8 Sep 16
Angolan finance minister Armando Manuel has been sacked from his post after presiding over a two-year economic slump triggered by the collapse in oil prices.
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7 Sep 16
South Africa has dodged a recession after figures published today show its economy grew by 3.3% in the second quarter, after shrinking by 1.2% in the first few months of 2016.
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22 Aug 16
An African monetary union is currently unfeasible due to the commodity price crash and external shocks to economies across the continent, a group of central bankers has said.
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17 Aug 16
Angola has halved its predicted growth figures for 2016 and passed a revised budget after the impact of the commodity price slump on its heavily oil-reliant economy became apparent.
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5 Aug 16
African nations must do more to harness urbanisation to ensure the continent grows sustainability as millions more people head for its cities, according to the African Development Bank.
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11 Jul 16
The International Monetary Fund has forecast a tentative recovery for Sierra Leone this year after the twin shocks of Ebola and collapsed iron prices sent the economy reeling.
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9 Jun 16
The Venezuelan government has said it will begin distributing food directly to families in the capital Caracas as the country’s economic crisis brings hungry protestors out in droves every day.
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8 Jun 16
The World Bank has cut its global growth forecasts for 2016 to 2.4%, from the already modest 2.9% it predicted in January.
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1 Jun 16
Economic growth has not delivered better lives for citizens in many African nations, a report by think-tank the Legatum Institute has found.
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23 May 16
Myanmar’s economy has fallen short of expectations as severe flooding, the pre-election climate and weak external demand weigh on growth, the International Monetary Fund has said.
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20 May 16
Iraq has reached a $5.4bn bailout deal with International Monetary Fund staff to help the country plug a deep hole in its budget carved out by the conflict with ISIS and tumbling oil prices.
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16 May 16
Moody's has downgraded Saudi Arabia’s credit rating as the oil price slump hits the kingdom’s public finances.
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10 May 16
The commodity price slump is weighing heavily on Oman and the United Arab Emirates’ fiscal deficits, the International Monetary Fund has said.
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10 May 16
CIPFA is to help strengthen the capacity of public sector accountancy in Zimbabwe, it was announced yesterday.
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6 May 16
Nigeria’s president Muhammadu Buhari has signed this year’s controversial $30bn budget into law.
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6 May 16
The lingering impact of the Ebola epidemic and the commodity price slump are weighing heavily on the economies of Guinea and Liberia, the International Monetary Fund has said.
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5 May 16
The World Bank has recommended that Mongolia implement spending controls after its budget deficit in the first three months of 2016 reached two-thirds of the annual target.
4 Nov 16Sudan has raised fuel prices by around 30% as a severe shortage of foreign currency adds to a growing economic crisis in the country.
3 Nov 16The African Development Bank has approved a $600m loan in a bid to plug Nigeria’s gaping $7bn budget deficit.
31 Oct 16Mozambique’s bondholders have told the country its hopes to renegotiate its debts by the end of the year are “unrealistic”, according to the Financial Times.
10 Oct 16The International Monetary Fund has slashed its budget deficit projections for oil-exporting countries in the Middle East and North Africa over the next five years, by over $230bn.
5 Oct 16Nigerian president Mohammadu Buhari is planning to outdo his government’s record 2016 spending next year, according to budget proposals sent to the country’s parliament for approval.
27 Sep 16Saudi Arabia has announced sudden cuts to pay and perks for government employees as the oil-dependent kingdom struggles to balance the books and adjust to low commodity prices.
22 Sep 16The United Nations has warned of growing fears of a fresh sovereign debt crisis as poorer states that borrowed heavily in good economic times struggle to weather lower levels of growth.
8 Sep 16Angolan finance minister Armando Manuel has been sacked from his post after presiding over a two-year economic slump triggered by the collapse in oil prices.
7 Sep 16South Africa has dodged a recession after figures published today show its economy grew by 3.3% in the second quarter, after shrinking by 1.2% in the first few months of 2016.
22 Aug 16An African monetary union is currently unfeasible due to the commodity price crash and external shocks to economies across the continent, a group of central bankers has said.
11 Jul 16The International Monetary Fund has forecast a tentative recovery for Sierra Leone this year after the twin shocks of Ebola and collapsed iron prices sent the economy reeling.
9 Jun 16The Venezuelan government has said it will begin distributing food directly to families in the capital Caracas as the country’s economic crisis brings hungry protestors out in droves every day.
8 Jun 16The World Bank has cut its global growth forecasts for 2016 to 2.4%, from the already modest 2.9% it predicted in January.
23 May 16Myanmar’s economy has fallen short of expectations as severe flooding, the pre-election climate and weak external demand weigh on growth, the International Monetary Fund has said.
20 May 16Iraq has reached a $5.4bn bailout deal with International Monetary Fund staff to help the country plug a deep hole in its budget carved out by the conflict with ISIS and tumbling oil prices.
10 May 16CIPFA is to help strengthen the capacity of public sector accountancy in Zimbabwe, it was announced yesterday.
5 May 16The World Bank has recommended that Mongolia implement spending controls after its budget deficit in the first three months of 2016 reached two-thirds of the annual target.
