APRNEWS - Sudan is heading towards an emergency reform plan in order to revive its ailing economy.

Prime Minister Moataz Moussa announced to parliament of the 15-month emergency economic-reform plan on Wednesday. It also includes further austerity measures.

APRNEWS - The World Bank may suspend funding to Tanzania after expressing concerns about new legislation which would punish anyone who questions official statistics.

The global lending institution says the law would undermine the production of useful and high quality data.

REUTERS - Morocco’s King Mohammed VI sacked the Minister for Economy and Finance, Mohamed Boussaid, according to a statement from the Royal Cabinet on Wednesday.

APRNEWS - Egypt’s local banks are at risk of government over-indebtedness, data from the Institute for international Finance showed. Last year, Egypt was the world’s second-largest borrower from local banks, after China. Public debt interests to be paid in 2018 and 2019 are an average of 8% of GDP. Meanwhile, budget deficit stood at 6% of GDP. 

GUARDIAN - Some financial experts on Friday faulted the increase in the oil benchmark of the 2018 appropriation bill from 45 dollars to 51 dollars by the Senate.The financial experts told the News Agency of Nigeria (NAN) in Lagos that the increment was not needful, while reacting to the appropriation bill passed by the National Assembly.

GUARDIAN - As trade tensions between the world’s top two economies escalate, the multilateral trading system is being jolted, leaving the world economy on a slippery slope towards a full-scale trade war, the United Nations Conference on Trade and Development (UNCTAD) has stated.

GUARDIAN - Despite rise in growth and productivity indices, the Lagos Chamber of Commerce and Industry (LCCI) has stated that the economy remains fragile going by recurring challenges that continue to create concerns about prospects for sustainable poverty reduction.

REUTERS - Prime Minister Theresa May promised Britain bright prospects outside the European Union on Thursday as she toured a country still profoundly divided about its future as the countdown to Brexit enters its final 12 months.

REUTERS - Nigeria decided not join an Africa free trade zone last week because it needs to carry out more consultations at home first, the government said on Tuesday.

REUTERS - German Chancellor Angela Merkel is considering joining French President Emmanuel Macron at the World Economic Forum in Davos next week in what could turn into an epic clash of competing world views with U.S. President Donald Trump.