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Number crunchers in Africa leave investors in the dark

By Duncan Miriri NAIROBI (Reuters) – African countries’ rapid growth over the past decade may have been the envy of many developed economies, but their number crunchers have struggled to keep up. That barely mattered when investors were desperate to find a place to park their cash as more developed markets careered off course. But now … Read more

Labourers work at the construction site of the Sandton Gautrain station in Johannesburg

African spending spree faces punishment by markets

By Duncan Miriri KIGALI (Reuters) – African economies are securing new funds through resource finds or dollar bonds but many governments face questions over how they use the money and risk being punished by international capital markets. The dash to build infrastructure, and pressure from citizens for swift rewards from oil and gas discoveries, have … Read more