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Central bank

South Africa’s Economic Growth Forecast Downgraded by IMF Amid Tariff Concerns

April 23, 2025 Steven Addamah 0

A reduced economic growth forecast for South Africa has been issued by the International Monetary Fund (IMF), with the 2025 projection being cut from 1.5 […]

Morocco’s central bank makes second consecutive cut in key rate to 2.25%

March 18, 2025 Khalid Al Mouahidi 0

Morocco’s central bank continues its monetary easing policy cutting the benchmark interest rate by 25 basis points to 2.25%, the second consecutive reduction to bolster […]

Nigeria’s Central Bank Projects 4.17% GDP Growth in 2025, Inflation to Ease

January 26, 2025 Pawla Nibramich 0

Nigeria’s Central Bank expects the economy to grow by 4.17% in 2025, driven by ongoing reforms and stabilising inflation, Governor Olayemi Cardoso stated on Thursday […]

Angola’s Central Bank Keeps Interest Rate Steady as Inflation Eases Slightly

January 22, 2025 Steven Addamah 0

On January 21, Angola’s Central Bank decided to keep its main interest rate unchanged at 19.50%, marking the fourth consecutive meeting in which the rate […]

São Tomé and Príncipe’s economy stagnates for a second year

December 31, 2024 Steven Addamah 0

The Governor of the Central Bank, Américo Ramos, confirmed that São Tomé and Príncipe’s economy failed to grow in 2024, maintaining stagnation at zero for […]

Kenya’s Central Bank Implements Bold Rate Cut to Boost Economic Growth

December 8, 2024 Pawla Nibramich 0

Kenya’s central bank has enacted a significant 75-basis-point reduction in its benchmark lending rate, lowering it to 11.25 percent in a decisive move to stimulate […]

São Toméan government to pay 400,000 euros to former minister “illegally detained”

August 28, 2024 Geraldine Boechat 0

The an Government has agreed to pay approximately 400,000 euros to Américo Ramos, a former Finance minister wrongfully detained in 2019. Ramos, who was accused […]

Nigeria’s Rivers State Leverages Oil Wealth to Court Investors

May 28, 2024 Steven Addamah 0

According to former Central Bank governor Sanusi Lamido Sanusi, oil-rich Rivers State has a unique chance to emerge as a beacon of progress, replacing despair […]

Nigeria Brings New Allegations Against Former Central Bank Chief

April 9, 2024 Geraldine Boechat 0

The former chief of Nigeria’s Central Bank, Godwin Emefiele, is slated to appear in a Lagos courtroom on Monday due to newly filed corruption and […]

Mozambique’s bank reserves set a new record in November 2023

January 10, 2024 Steven Addamah 0

The volume of Mozambican bank reserves hit a new record in November 2023, reaching 245,527 million meticais (3,513 million euros), as a result of the […]

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