Tag Archives: Reform
Reform: Latest News
Global Risk Insights, 4:15 pm
Investors continue buying Nigerian bonds despite economic recession for the first time in 25 years, and urgent calls for reform. In March, high-profile investors competed on the London Stock Exchange for Nigerian debt, a 15-year $1B eurobond issued while President Buhari was being treated in London for an undisclosed illness. S&P affirmed a stable economic outlook. If Buhari leaves office abruptly, the administration’s gains in the fight against Boko Haram could be reversed, an analyst said. The president’s mystery illness is generating uncertainty.
Staff, 9:43 am
South Africa could lose its coveted investment-grade rating because of low growth and limited progress toward structural reforms. Nonresidents hold more than a third of all outstanding government bonds. Central Bank of Nigeria cut interest rates from 13% to 11%, but investors say that the easing of monetary policy will have little effect on the real economy. Nigeria must devalue the naira from its current level to battle above-target inflation, deal with a current-account deficit, and boost security and foreign policy.
Makula Dunbar, 4:24 pm
Following former president Mohamed Morsi’s ousting in 2013, investments made under his command fell through according to a report by CCTV Africa. The country’s new president, Abdel Fatah el-Sisi, is making it a point to heighten transparency of economic reform and repair the damage that Egypt has endured. Attending the World Economic Forum, el-Sisi said that the country needs support in rebuilding.
Makula Dunbar, 1:27 pm
The International Monetary Fund has urged Mozambique to step up its public financial management reform after finding that performance under the three-year policy support programme was mixed. Concluding a mission visit to Mozambique, the fund called for fiscal prudence, more inclusive growth and greater public investment in transparency.
Makula Dunbar, 12:06 pm
The Zambian government has officially launched its $30m multi-donor public financial management reform programme to improve the efficiency and accountability of public resources. The programme is backed by a three-year grant from the governments of Finland, Germany, UK as well as the World Bank.
Keren Mikva, 9:50 am AFKI Original
In 2013, TIME Magazine included Hassan Sheikh Mohamud on its annual list of the 100 most influential people in the world. They listed his efforts at advancing national reconciliation, anti-corruption measures, and socio-economic and security sector reforms as the reasons for his selection. Here are 10 things you didn’t know about Somalia’s President Hassan Sheikh Mohamud, whose efforts at reconciliation make him one of Africa’s most admired presidents.
Makula Dunbar, 6:14 pm
In an exclusive with All Africa, Liberian president Ellen Johnson Sirleaf went over the country’s new oil exploration process, which entails stricter reforms. The new legislation will prepare the future administration — which will be in place when the country’s first barrels of oil will be shipped abroad.
Makula Dunbar, 1:49 pm
The highest number of countries since 2009, 20 economies showing improvements in the area of business regulation — nine of which are in sub-Saharan Africa — include Liberia, Guinea, Benin, Sierra Leone, Guinea-Bissau, Rwanda, Togo, Côte d’Ivoire, and Burundi.
Makula Dunbar, 10:02 am
Morocco’s government has unveiled an ambitious plan to reform the country’s justice system as part of a long-stated priority of the Islamist-led government. The judicial system has been a major sore point for Moroccans because of executive interference in political cases, bribing of judges, enormous backlogs and arbitrary verdicts.
- Real Estate