Day: January 20, 2025

Paraguay

Paraguay’s President Santiago Pena is optimistic about strengthening ties with the US under Donald Trump, aiming for greater trade, security collaboration, and rule of law.

Nigeria

The IMF projects Nigeria’s GDP growth to reach 3.2% in 2025, slightly up from 3.1% in 2024. Despite this improvement, growth remains below Sub-Saharan Africa’s

Kenya

Cytonn forecasts a 4.6% depreciation of the Kenyan shilling, projecting it to trade between KES 120.9 and KES 140.5 against the USD by year-end. This

Ethiopia

The IMF executive board is set to review Ethiopia’s loan, which could unlock over USD 250 mln in funding. However, the review does not include

Egypt

The IMF has lowered Egypt’s FY2024/25 GDP growth forecast to 3.6%, down by 0.5 pp from previous estimates. This revision reflects ongoing challenges, but the

Mongolia

Mongolia signed a USD 1.6 bln investment deal with Orano, the French nuclear company, to exploit a vast uranium deposit in the country. Production would

Kazakhstan

Kazakhstan’s central bank announced plans to sell gold on the international markets for dollars, and also conduct domestic USD sales to match its gold purchases,

Russia

In the US, nominee for US Treasury Secretary Scott Bessent says he would support tighter sanctions on Russia, including on Russian oil majors, to “levels

Pakistan

Pakistan recorded a current account surplus of USD 1.21 bln for July to December 2024, reversing last year’s deficit. The surplus continued for the fifth

Malaysia

Malaysia is set to attract MYR 11 bln (USD 2.4 bln) in investments and MYR 500 mln in export opportunities following Prime Minister Anwar Ibrahim’s

China

Oil executives are optimistic about China’s crude demand due to a stimulus package and expected growth. However, China’s actual petroleum consumption has decreased by approximately

China

China’s offshore yuan strengthened to 7.32 per dollar, its highest level in three weeks, as the PBoC held key lending rates steady in January. The