Top News

Angola: Central Bank Reduces Interest Rate to 15.75 Percent

  • Posted on: 29 January 2019
  • By: radmin

The National Reserve Bank (BNA) decided to lower the basic interest rate from 16.5 percent to 15.75%. This decision was driven by the fact that the inflation had a decreasing trend in 2018, as well as the contraction of the Monetary Base of 10.71%.

The decision was made after the meeting of the Monetary Policy Committee (CPM), held on November 25, which decided to maintain unchanged the interest rate of the Liquidity Absorption Permanent Facility at 0% and the coefficients of the Mandatory Reserves in national currency at 17% and 15% in foreign currency.

Morocco: Banking sector heavily exposed to real estate risks according to Standard & Poor’s

  • Posted on: 28 January 2019
  • By: radmin

In a note published on the Mena region and Turkey, the US rating agency Standard and Poor’s (S & P) shares the high exposure of the Moroccan banking sector to the risks related to real estate.

“The Moroccan banking sector remains constrained by its high exposure to the risks associated with commercial real estate. This is reflected by the over-indebted promoters who are facing a decrease in real estate transactions, “she says.

Côte d'Ivoire: a surplus of 90 billion FCFA for the CNPS in 2018

  • Posted on: 25 January 2019
  • By: radmin

The CNPS, the social welfare institution dedicated to the Ivorian private sector, is multiplying its performances. At the end of 2018, the institution achieved a net result of “more than 90 billion FCFA”, or 137.2 million euros, said this January 18 Charles Kouassi, its managing director.

A result that doubled in 5 years; it was 45 billion FCFA at the end of 2014.

The IMF revises Sub Saharan countries’ 2019 and 2020 growth downward

  • Posted on: 23 January 2019
  • By: radmin

In a report published on January 21, 2019, the International Monetary Fund (IMF) announced that the economy of Sub Saharan countries should rise from 2.9% in 2018 to 3.5% and 3.6% in 2019 and 2020 respectively.

These two figures are 0.3 points below the forecast published in October 2018 due to the drop in oil prices that prompted a downward revision for Angola and Nigeria.

In its report on the world outlook, the institution indicated that the economy of more than a third of Sub Saharan countries should grow by more than 5% in 2019 and 2020.