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Podcast: Good Morning Africa
Episode: Kenya : Fitch downgrades outlook to negative
Description: 🎙Fitch has revised the outlook on Kenya's long-term foreign-currency Issuer Default Rating (IDR) to negative from stable and affirmed the IDR at B.🎙Top currency gainers are the Zambia Kwacha (2.06%), and the biggest losers are the South African Rand (-1.00%).🎙The International Monetary Fund now projects Sub-Saharan Africa’s economic growth at 3.5 percent in 2023 in the latest revision, up, from 3.9% last year.🎙The Central Bank of Nigeria lifted its benchmark interest rate by 25 bps to 18.75%.