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IMF predicts fall in financial gowth in africa [Business Africa]

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Sub-Saharan Africa is dealing with a serious financing scarcity that threatens the area’s progress, the Worldwide Financial Fund warned in its report on the area’s financial outlook.

The group additionally warned that public debt is additional delaying the area’s financial restoration.

“Policymakers ought to keep the course of prudent financial coverage tightening.”

Catherine Patillo, the deputy director of the Africa Division on the IMF answered questions from Africanews.

Senegal: Non secular celebrations marked by inflation

Whereas the nation’s economic system is experiencing a sharper-than-expected slowdown based on IMF forecasts, Senegal is dealing with worrying inflation. It has reached 9.7 % in 2022, its highest degree in a long time.

This example is due particularly to hovering meals costs. An insufferable enhance for many Senegalese households, particularly throughout the vacation season. A report by Wahany Johnson in Dakar.

Libya: selling date exports

Date producers in Libya wish to export their considerable harvests, nevertheless, they face varied challenges that decelerate their hopes for emancipation.

The areas of Wahat, and Awjila are recognized for producing massive portions of dates, which attain 150,000 tons per yr. The issue is that a lot of this fruit is destroyed or used as animal fodder as a consequence of poor advertising.