Reserves of the Bank of Mozambique are at their “limit’’
Mozambican economists said Tuesday that the Central bank’s decision to stop co-paying the fuel import bill is a sign that its reserves are at their […]
Central bank
Banknote shortage in Nigeria: riots break out in the South West
Abeokuta, in southwestern Nigeria, was the scene of scuffles between protesters and police on Tuesday, when a crowd of angry youths attacked a bank facing […]
Angola imports food worth over US$2 billion in 2022
Angola has paid out over US$2 billion (1.8 billion euros) for food imports in 2022, representing a rise of 40 percent compared to the previous […]
Sao Tome and Principe with historic inflation above 24% in 2022
Sao Tome and Principe’s inflation rate in 2022 is expected to be 24%, the highest in 15 years, and the national economy is expected to […]
IMF says Sao Tome and Principe has “strong interest” in a new assistance program
The International Monetary Fund (IMF) said on Thursday that the Government of São Tomé and Príncipe has a “strong interest” in a new financial arrangement […]
Ghana plans to pay for fuel purchases with gold bars
Ghana is considering paying for its fuel purchases in gold bars, according to an announcement by Ghana’s vice president, Mahamudu Bawumia. The government’s stated aim […]
São Tomé and Príncipe with no foreign exchange to buy essential goods on the international market
The government of Sao Tome and Principe says the net international reserve at the archipelago’s central bank is below the minimum required, i.e., it is […]
Libyan oil exports resume after months of interruption
Since the assassination of Muammar Gaddafi, Libya’s oil has been at the centre of all sorts of rivalries, with rival militias and foreign powers jostling […]
Nigeria’s Buhari asks ministers with political ambition to resign
As Nigeria’s February 2023 presidential election approaches, the number of candidates to succeed Muhammadu Buhari is increasing. Tunde Bakare, a popular Pentecostal minister, and Godwin […]
Economy: Kenyan businesses worried about elections and war in Ukraine
Kenya’s Ministry of Finance presented a $28 billion budget this week. The aim is to revive an economy hit by the loss of hundreds of […]