• About Hisa Technologies
  • Advertise
  • Careers
  • Contact Us
  • Estate Cloud
Monday, January 25, 2021
  • Login
  • Register
No Result
View All Result
NEWSLETTER
Kenyan Wallstreet
  • Home
  • News
    • Kenyan News
    • African News
    • Global News
  • Business
    • Agriculture
    • Banking
    • Aviation
    • Energy
    • Manufacturing
    • Markets
    • Personal Finance
    • Technology
    • Startups
  • Podcast
  • Videos
  • Events
  • Blockchain & Digital Currencies
  • Home
  • News
    • Kenyan News
    • African News
    • Global News
  • Business
    • Agriculture
    • Banking
    • Aviation
    • Energy
    • Manufacturing
    • Markets
    • Personal Finance
    • Technology
    • Startups
  • Podcast
  • Videos
  • Events
  • Blockchain & Digital Currencies
No Result
View All Result
Kenyan Wallstreet
No Result
View All Result

Moody’s Maintains Negative Outlook on Sub Saharan African Economies

Miriam WanguibyMiriam Wangui
January 13, 2021
in Kenyan News
Reading Time: 2 min
Moodys Warns Kenya over its Huge Debt Appetite

Global rating agency Moody’s has maintained a negative outlook on Sub Saharan African economies according to a research report released by the company today. The negative outlook is based on the severe economic hurdles Sub Saharan countries are facing currently.

Moody’s Investor Services predicts that African countries will experience wider fiscal deficits and higher debt levels in 2021 due to slow economic growth and weak revenue collection as a result of the pandemic.

“Most Sub-Saharan African governments’ debt burdens will stabilise at materially higher levels in 2021, with the average debt burden for the region at around 64% of GDP in the near to medium term,” says Kelvin Dalrymple, Vice President – Senior Credit Officer at Moody’s Investors Service.

“We do not expect debt burdens to come down in the foreseeable future as revenue generation capacity remains weak. Higher debt loads, lower government revenue, and higher interest costs will increasingly challenge debt affordability. Contingent liabilities from state-owned enterprises also pose an additional risk.”

The credit rating agency adds that Sub-Saharan African nations face high unemployment rates, income inequalities, and political instability, factors likely to affect their economic recovery.

Economies that heavily rely on oil exports like Nigeria, Angola, and Algeria are expected to record slower economic growth than non-oil exporting countries particularly in the East African region.

Moody’s revises Kenya’s ratings to negative



Previous Post

Digital Service Tax: KRA Lists Services That Attract the New 1.5% Levy

Next Post

NSE turnover drops 39% to KSh 248.9 Million

Related Posts

Digital Tax

Digital Tax: Government Mulls Exempting Startups from the 1.5% Levy

January 24, 2021
Tea Auction Records Slight Dip in Price to $1.96 per Kg

Tea Auction Records Slight Dip in Price to $1.96 per Kg

January 23, 2021

KQ Pauses Flights to France and Netherlands as COVID-19 Regulations Lower Demand

January 23, 2021

KenGen’s Expansion Projects to Boost its Income

January 23, 2021

Google Loon to Cease Services in Kenya on March 1 After Announcing its Wind-up

January 23, 2021

BOC Kenya Seeks More Time to Review Takeover Offer

January 22, 2021

Kenya Power targets SMEs with tech meters

January 22, 2021

NSE to Add 4 Companies on the Bourse in 2021

January 23, 2021
Load More
Next Post
NSE

NSE turnover drops 39% to KSh 248.9 Million

Follow Us

  • 7.1k Fans
  • 112.5k Followers
  • 2.2k Subscribers
  • 453 Followers

WhatsApp

Subscribe

Telegram  

Subscribe

Podcasts

Upcoming Events

There are no upcoming events.

View Calendar
Add
  • Add to Timely Calendar
  • Add to Google
  • Add to Outlook
  • Add to Apple Calendar
  • Add to other calendar
  • Export to XML

Featured

Amari Book Club Recommendations

Absolute Must-Reads for Banking and Finance Professionals

January 16, 2021
Leila Fourie, JSE Group CEO

‘’Markets Recovery Don’t Imply Economic Recovery,’’ Leila Fourie, CEO Johannesburg Stock Exchange

December 31, 2020
Angaza Awards

Call For Nominations – Angaza Awards: Women to Watch in Banking & Finance

December 8, 2020
Multichoice’s Technological Innovations for 2020

Multichoice’s Technological Innovations for 2020

November 12, 2020
Zoomoo Partners with MultiChoice to expand to Africa

MultiChoice and Zoomoo Partner to Expand Children Content in Africa

November 12, 2020

About Company

We are a leading integrated digital content platform providing in-depth business and financial news across Sub-Saharan Africa & the globe. Kenyanwallstreet.com is a property of Hisa Technologies Ltd, a financial media & software company.

Contact Us

Kenyan Wall Street
Email: [email protected]
Website: www.kenyanwallstreet.com

Disclaimer

The information contained in this website is for general information purposes only.
Read more..

  • About Hisa Technologies
  • Advertise
  • Careers
  • Contact Us
  • Estate Cloud

Copyright 2020. Kenyan Wallstreet· All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • Kenyan News
    • African News
    • Global News
  • Business
    • Agriculture
    • Aviation
    • Banking
    • Energy
    • Global Markets
    • Healthcare
    • Infrastructure
    • Insurance
    • Investment
    • Manufacturing
    • Markets
    • Public Policy
    • Real Estate
    • Startups
    • Technology
  • Podcast
  • Videos
  • Events

Copyright 2020. Kenyan Wallstreet· All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?