Egypt Closes 48 Forex Bureaus as Black Market Surges
Egypt’s central bank has reportedly closed 48 foreign exchange bureaus since the start of the year for trading at black market rates and other violations, […]
Central bank
Ghana’s Growth Perspective Positive – Central bank
The central Bank of Ghana on Tuesday said the west-African nation’s growth outlook is broadly positive. Ghana’s economy expanded 3.9 percent last year, about the […]
Bank of Ghana New Governor Pledges to Cut Inflation
By Emmanuel Vitus, Accra. The newly appointed Governor of the Bank of Ghana (BoG) Abdul Nasir Issahaku on Monday vowed to reduce the West-African nation’s […]
Egypt: Central Bank seeks compromise with Chamber of Commerce
Crisis surrounding the Egyptian pound is increasing and calls for the devaluation of the currency is getting louder as businessmen struggle to obtain foreign currency […]
Zimbabwe secures $200 mln from Afreximbank to import maize
Zimbabwe has secured a $200 million loan from Africa Export and Import Bank (Afreximbank) to import maize in 2016, as 10 percent of the population […]
Guinea: Conde named new PM to ‘revamp the economy’
Guinea President Alpha Conde on Saturday appointed mining executive Mamady Youla as new prime minister as part of a strategy to revive the country’s fragile […]
Uganda’s central bank raises benchmark rate to 17.0%
Uganda’s central bank raised its benchmark interest rate for the fifth consecutive meeting after a weaker currency boosted inflation to a two-year high. The bank […]
Nigeria: Central Bank to retain forex controls amid slow growth
Nigeria’s central bank plans to retain foreign currency controls because of concerns about slowing growth rate, a senior bank official said on Wednesday as Africa’s […]
Gambia: IMF warns of serious economic risks
Gambia’s economy faces serious risks from a worsening budget, rising inflation and tight interest rates, the International Monetary Fund said in a statement on Monday. […]
Tanzania: new talks for $800 Mln loan to strengthen currency
The Tanzanian Minister of Finance said on Wednesday that his country will resume discussions for the $800 million loan from international lenders after abandoning an […]