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Inflation

Inflation in Mozambique slows to 8.9% by end of 2023

January 23, 2023 Khalid Al Mouahidi 0

“We anticipate that inflation will gradually slow down to 8.9% by the end of 2023 year-on-year, which will provide room for the Bank of Mozambique […]

Inflation in Cape Verde would exceed 12% with no measures to address the war in Ukraine

January 12, 2023 Khalid Al Mouahidi 0

Cape Verde’s Deputy Prime Minister, Olavo Correia, said yesterday in parliament that inflation in the country could reach 12% if no measures were taken to […]

Sao Tome and Principe with historic inflation above 24% in 2022

January 2, 2023 Steven Addamah 0

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 […]

Prices in Cape Verde rise again in November with inflation at 8.0% in one year

December 16, 2022 Geraldine Boechat 0

Prices in Cape Verde increased 0.7% in November, accelerating compared to October, accumulating a rise of 8.0% in a year, according to data released by […]

Bank of Mozambique maintains monetary policy rate at 17.25%

December 1, 2022 Steven Addamah 0

The Bank of Mozambique decided on Wednesday to maintain the monetary policy interest rate, MIMO rate, at 17.25%. “The inflation outlook points to a deceleration […]

Angola: Banco Fomento forecasts inflation reduction to 14% by year’s end

November 14, 2022 Steven Addamah 0

The economic research office of Banco Fomento Angola (BFA) believes that inflation in the country should slow down to 14 or 15% by the end […]

Ghana borrows $1.3 billion to boost cocoa exports

September 29, 2022 Steven Addamah 0

The Cocoa Board of Ghana (Cocobod), the agency that oversees the cocoa industry, will sign a $1.3 billion loan agreement with international banks this Thursday […]

South African inflation at 7.8%, the highest rate in 13 years

August 25, 2022 Steven Addamah 0

South Africa’s inflation hit a new record high of 7.8% year-on-year in July, its highest level in 13 years, driven mainly by rising food, transport […]

Suez Canal announces record profit of $7 billion

July 5, 2022 Steven Addamah 0

The Suez Canal on Monday announced a record profit of $7 billion (about 6.7 billion euros) in the 2021-2022 fiscal year, after repeatedly raising transit […]

Zimbabwe: Government freezes bank loans

May 10, 2022 Steven Addamah 0

Zimbabwe’s government came under fire last Saturday for imposing a freeze on bank lending, a move that will encourage the development of a shadow banking […]

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