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 […]
Central bank
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 […]
Nigeria’s anti-graft agency arrests over 20 bankers for fraud
Just few days after Nigeria’s new president took office, the country’s anti-corruption agency accused top officials from the central bank of involvement in a multimillion-dollar […]
Angola : Kwanza has to be devalued
Managing Director Anthony Lopes Pinto of Imara Securities’ Angola has signaled that the country has to devalue its currency and raise interest in order to […]
Zimbabwe: Banks continue to fold up, sector no longer safe
Zimbabwe’s banking sector seems to be crumbling as local banks continue to head out of business. The trend has been continuing for the past couple […]