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Africa Economic News Briefing > Q3 / 2009

  • African Development Bank (AfDB) plans dollar-denominated global bond
  • AfDB and L-Bank issue most successful dollar bonds to date
  • AfDB Asks G20 For More Funding To Fight Crisis
  • AfDB Doubles Lending in Response to the Financial Crisis
  • South Africa Bonds Fall on Bets Rate-Cutting Cycle Has Ended
  • South African Non-Farm Jobs Decline 0.8% on Recession
  • South African Inflation Rate Declines to 29-Month Low
  • Central Bank of Egypt (CBE) cut its overnight lending and deposit rates by 25 basis points on Thursday, saying it believed underlying inflation would remain within its 'comfort zone'
  • The Egyptian economy faltered last year after years of robust growth as global trade flows stagnated and revenue from tourism and the Suez Canal shrank.
  • Egypt urban inflation peaked at 23.6 percent in August 2008 but has since declined steadily to stand at 9.0 percent last month
  • Egypt's FY Economic Growth Likely Around 5% - Trade Minister
  • Egypt seeks to expand US trade zones
  • Nigeria Economy Threatened As US Begins Cut On Oil Reliance
  • Transparency International: Nigeria's Banking Sector Corrupt

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