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Along with Nairobi or London. The lender will make a decision by December.
Fund recommends that countries better manage their budgets and diversify their economies.
UNCTAD estimates that Africa's external debt stock rapidly grew to $443 billion by 2013 through bilateral borrowing, syndicated loans and bonds.
Governments must upgrade financial systems for projects.
Company has been grappling with power and liquidity shortages.
UK is sub-Saharan Africa’s sixth-largest trading partner.
Overall weak outlook partly reflects insufficient policy adjustment, IMF director says.
Critics say his infirmities make him unfit to hold office.
Country owes the power utility R603 million, of which R119 million is outstanding arrears.
Ivory Coast, Senegal, Ghana among favoured destinations.