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The Voice of Main Street Business

Africa’s two most populous economies brave tough reforms 

The Owner Press by The Owner Press
November 19, 2024
in Business News
Reading Time: 1 min read
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When occasions are robust, politicians attain for metaphors. In Ethiopia, which floated its forex and entered a $3.4bn IMF programme on July twenty ninth, the prime minister Abiy Ahmed (pictured) in contrast reform to “the ache of surgical procedure, endured for therapeutic”. In Nigeria Bola Tinubu, the president, has defended two devaluations, saying the previous system was “a noose across the financial jugular of our nation”. Each need to head in the direction of orthodox coverage, nonetheless a lot it hurts.



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