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Zimbabwe: Bitcoin Price Hits U.S.$16,500
November 27, 2017--The price of bitcoin in Zimbabwe as quoted at the local exchange, Golix, rose 13,79 percent on Monday to trade at $16,500, about 65 percent above the global price.
The global price of bitcoin stood nearer $10,000 on Monday.
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Source: AllAfrica.com
JSE flat as markets await rating decisions
November 24, 2017--The JSE closed flat on Thursday as markets wait to see what happens with the sovereign ratings decisions from Moody's and S&P.
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Source: FIN24
Rand traders brace for big swings as risks stack up
November 24, 2017--The rand's roller-coaster ride isn't over yet-but traders appear uncertain about whether it's heading up or down.
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Source: FIN24
S&P Global downgrades SA to junk, Moody's places SA on downgrade review
November 24, 2017-- Global ratings agency S&P Global Ratings on Friday evening downgraded South Africa's long-term local currency rating to 'BB+', or junk, from 'BBB-' with a stable outlook, while Moody's has placed the country on review to be downgraded.
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Source: FIN24
Mnangagwa sworn in as Zimbabwe's president
November 24, 2017--Mugabe's old ally promises democratic rebirth but faces stern economic challenge.
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Source: FT.com
Nigeria: Rising Investors' Confidence Lifts External Reserves to $34.9bn
November 22, 2017--The Central Bank of Nigeria (CBN) yesterday said that the nation's external reserves have risen to $34.9 billion, the highest in 30 months, driven by increased investor confidence in the Nigerian economy.
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Source: AllAfrica.com
Zimbabwe: As Mugabe Falls, Change is in The Air, But so is Uncertainty
November 22, 2017--Despite the celebrations that followed the resignation of Zimbabwe's former president Robert Mugabe on Tuesday, there is still uncertainty among Zimbabweans about the country's future under ruling party Zanu-PF.
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Source: AllAfrica.com
JSE takes breather as rand firms on peaceful Mugabe exit
November 22, 2017--The JSE has taken a breather from its record-breaking run as the rand strengthened considerably after the peaceful political transition in neighbouring Zimbabwe.
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Source: FIN24
Nigerian Stock Exchange Index Gains 0.24 Percent As Market Opens On Bullish Note
November 21, 2017--The Nigerian equities market opened for the week on a bullish note as investors reacted to the positive Gross Domestic Product (GDP) growth rate in the third quarter (Q3) 2017.
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Source: AllAfrica.com
The Case for Sustaining State Fiscal Reforms: Nigeria Economic Update
November 21, 2017--Nigeria's GDP expanded by 1.4 percent in the third quarter of 2017 (year-on-year), the second quarter of growth after the recession of 2016, reflecting recovery in oil production, good performance in agriculture, and stronger non-oil industry growth due to the easing of foreign exchange constraints.
Yet, many fiscal challenges remain at different levels of government, and effort is needed to successfully address those, according to the World Bank's Nigeria Economic Update, released today.
view the Nigeria biannual economic update: the case for sustaining state fiscal reform
Source: World Bank