Citigroup Inc. raised its economic growth forecast for Nigeria this year to 7.1 percent from 6.8 percent, David Cowan, an economist at the bank, said in an e- mailed report.
Nigeria’s parliament postponed President Goodluck Jonathan’s budget speech in which he’s expected to propose spending limits as revenue falls in Africa’s largest oil producer.
Kenya, Uganda and Tanzania are turning to financial markets to finance their budgets, including the sale of sovereign bonds, as the European debt crisis forces governments to slash spending and curtail aid to Africa.
"Uber has done a lot of ill-considered things, but I still wish I were its investor."
- David Cowan on Nov 26, 2014