Economy

Moody's affirms Côte d'Ivoire's rating on fiscal policies, lower cocoa dependence

IC PresidentMoody's on Tuesday affirmed Côte d'Ivoire's sovereign rating citing the economy's diversification from cocoa and the government's fiscal policies

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Signing of the Line of Financing agreement between ICD and Nigerian Banks

Signing of the Line of Financing agreement between the Islamic Corporation for the Development of thThe Islamic Corporation for the Development of the Private sector (ICD) and Jaiz Bank, SunTrust Bank and Wema Bank have signed a Line of financing agreements for a US$20mn, US$10mn and US$20mn respectively

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IMF reviews progress of Madagascar’s economic programme

IMF PortA team from the International Monetary Fund (IMF) led by Marshall Mills, mission chief for Madagascar, visited Antananarivo from 14–28 March 2018, to hold discussions on the third review of Madagascar’s economic reform programme supported by the IMF’s three-year Extended Credit Facility (ECF)

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Quantum Global Research names Morocco top investment destination in Africa

Morocco SquareQuantum Global Research named Morocco the most attractive economy for investment in Africa citing an improving economy, increased foreign direct investment and external debt levels among others

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Moody's changes outlook on South Africa to stable, halts further downgrade

Cyril RamaphosaMoody's on Friday maintained South Africa's sovereign rating and changed its outlook to "stable" on the expectation that transparency in government functioning would improve under the new President Cyril Ramaphosa

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