Wed, 07 Mar 2018 15:52 - Updated Wed, 07 Mar 2018 15:52
Namibia's GDP contracted in 2017, 1.2 percent growth expected for 2018
WINDHOEK - Namibia’s economy contracted in 2017 by 0.4 percent but is expected to recover and expand by 1.2 percent in 2018 and by double that the year after as a return of government spending boots activity, the finance minister said on Wednesday.
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The small southern African nation’s budget deficit will decrease to 4.5 percent of GDP in 2018/19 from 5.8 percent in the previous year, Finance Minister Calle Schlettwein in a budget speech delivered before parliament. Reuters
- 07/03/2018 15:50:17
LAGOS - The International Monetary Fund (IMF) on Wednesday said Nigeria was slowly exiting recession but remains vulnerable because its growth is tied to oil prices with improved revenues restricted to the energy and agriculture sectors.
- 07/03/2018 15:46:21
TRIPOLI - Libya's National Human Rights Commission Tuesday condemned the renewed tribal clashes in the southern city of Sabha that killed three civilians and wounded 12 others.
- 07/03/2018 15:44:28
BEIJING - It is the common responsibility of the international community to work for peace, stability and development in Africa, a Chinese Foreign Ministry spokesperson said on Wednesday.