Nigerian growth slows, MTN fined, Theresa May in Africa
Nigeria’s economy slowed in Q2, despite stronger non-oil growth. More recently, an unexpectedly big fine imposed on MTN this week will raise questions about the country’s regulatory environment. The British PM’s visit to Africa didn’t result in many concrete announcements. Chinese leaders, by contrast, will probably announce another raft of loans when Beijing hosts at a big China-Africa summit next week.