Market Watch

IMF urges African oil exporters' reforms to boost 'subdued' growth

Drop in low-priced financing hurting poor nations

Commodity intensive countries are growing at about half the rate of the rest of the Sub-Saharan African region, the IMF said, with oil exporters struggling the most.

Duncan Miriri and Karin Strohecker

2 Week Ago - 2024-10-29 00:00:00

Sub-Saharan African nations that depend on commodity exports need to reform their economies to tackle patchy regional economic growth, International Monetary Fund (IMF) Africa dire ...

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Premier League: Chelsea 1 vs 1 Arsenal | Tottenham Hotspur 1 vs 2 Ipswich Town | Nottingham Forest 1 vs 3 Newcastle | Manchester United 3 vs 0 Leicester City Katima Mulilo: 20° | 27° Rundu: 20° | 33° Eenhana: 21° | 35° Oshakati: 23° | 35° Ruacana: 23° | 35° Tsumeb: 22° | 32° Otjiwarongo: 19° | 30° Omaruru: 20° | 35° Windhoek: 18° | 33° Gobabis: 20° | 32° Henties Bay: 14° | 22° Wind speed: 19km/h, Wind direction: S, Low tide: 07:06, High tide: 13:31, Low Tide: 19:42, High tide: 02:00 Swakopmund: 14° | 16° Wind speed: 19km/h, Wind direction: SW, Low tide: 07:04, High tide: 13:29, Low Tide: 19:40, High tide: 02:00 Walvis Bay: 14° | 22° Wind speed: 23km/h, Wind direction: SW, Low tide: 07:04, High tide: 13:28, Low Tide: 19:40, High tide: 02:00 Rehoboth: 18° | 33° Mariental: 19° | 35° Keetmanshoop: 20° | 36° Aranos: 19° | 35° Lüderitz: 18° | 36° Ariamsvlei: 18° | 35° Oranjemund: 14° | 31° Luanda: 25° | 26° Gaborone: 20° | 29° Lubumbashi: 18° | 33° Mbabane: 12° | 17° Maseru: 13° | 25° Antananarivo: 17° | 33° Lilongwe: 22° | 30° Maputo: 19° | 26° Windhoek: 18° | 33° Cape Town: 14° | 23° Durban: 17° | 19° Johannesburg: 15° | 25° Dar es Salaam: 26° | 32° Lusaka: 18° | 28° Harare: 16° | 23° Currency: GBP to NAD 23.01 | EUR to NAD 19.2 | CNY to NAD 2.5 | USD to NAD 18.08 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.29 | EGP to NAD 0.36 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.66 | ZWL to NAD 0.04 | BRL to NAD 3.13 | RUB to NAD 0.18 | INR to NAD 0.21 | USD to DZD 133.07 | USD to AOA 918.14 | USD to BWP 13.56 | USD to EGP 49.16 | USD to KES 129.2 | USD to NGN 1654.88 | USD to ZAR 18.08 | USD to ZMW 27.15 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1851.79 Down -1.41% | Casablanca Stock Exchange (CSE) MASI 14650.02 Down -0.28% | Egyptian Exchange (EGX) 30 Index 31582.39 Down -0.12% | Botswana Stock Exchange (BSE) DCI 9879.51 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 608.48/OZ DOWN -0.006 | Copper US$ 4.15/lb DOWN -0.0206 | Zinc US$ 2 959.50/T UP 0.24% | Brent Crude Oil US$ 72.12/BBP DOWN -0.0005 | Platinum US$ 951.11/OZ DOWN -0.0123 Sport results: Premier League: Chelsea 1 vs 1 Arsenal | Tottenham Hotspur 1 vs 2 Ipswich Town | Nottingham Forest 1 vs 3 Newcastle | Manchester United 3 vs 0 Leicester City Weather: Katima Mulilo: 20° | 27° Rundu: 20° | 33° Eenhana: 21° | 35° Oshakati: 23° | 35° Ruacana: 23° | 35° Tsumeb: 22° | 32° Otjiwarongo: 19° | 30° Omaruru: 20° | 35° Windhoek: 18° | 33° Gobabis: 20° | 32° Henties Bay: 14° | 22° Wind speed: 19km/h, Wind direction: S, Low tide: 07:06, High tide: 13:31, Low Tide: 19:42, High tide: 02:00 Swakopmund: 14° | 16° Wind speed: 19km/h, Wind direction: SW, Low tide: 07:04, High tide: 13:29, Low Tide: 19:40, High tide: 02:00 Walvis Bay: 14° | 22° Wind speed: 23km/h, Wind direction: SW, Low tide: 07:04, High tide: 13:28, Low Tide: 19:40, High tide: 02:00 Rehoboth: 18° | 33° Mariental: 19° | 35° Keetmanshoop: 20° | 36° Aranos: 19° | 35° Lüderitz: 18° | 36° Ariamsvlei: 18° | 35° Oranjemund: 14° | 31° Luanda: 25° | 26° Gaborone: 20° | 29° Lubumbashi: 18° | 33° Mbabane: 12° | 17° Maseru: 13° | 25° Antananarivo: 17° | 33° Lilongwe: 22° | 30° Maputo: 19° | 26° Windhoek: 18° | 33° Cape Town: 14° | 23° Durban: 17° | 19° Johannesburg: 15° | 25° Dar es Salaam: 26° | 32° Lusaka: 18° | 28° Harare: 16° | 23° Economic Indicators: Currency: GBP to NAD 23.01 | EUR to NAD 19.2 | CNY to NAD 2.5 | USD to NAD 18.08 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.29 | EGP to NAD 0.36 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.66 | ZWL to NAD 0.04 | BRL to NAD 3.13 | RUB to NAD 0.18 | INR to NAD 0.21 | USD to DZD 133.07 | USD to AOA 918.14 | USD to BWP 13.56 | USD to EGP 49.16 | USD to KES 129.2 | USD to NGN 1654.88 | USD to ZAR 18.08 | USD to ZMW 27.15 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1851.79 Down -1.41% | Casablanca Stock Exchange (CSE) MASI 14650.02 Down -0.28% | Egyptian Exchange (EGX) 30 Index 31582.39 Down -0.12% | Botswana Stock Exchange (BSE) DCI 9879.51 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 608.48/OZ DOWN -0.006 | Copper US$ 4.15/lb DOWN -0.0206 | Zinc US$ 2 959.50/T UP 0.24% | Brent Crude Oil US$ 72.12/BBP DOWN -0.0005 | Platinum US$ 951.11/OZ DOWN -0.0123