South African inflation at 7.8%, the highest rate in 13 years
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 […]
Inflation
Suez Canal announces record profit of $7 billion
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
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 […]
Thousands of Sudanese continue to demonstrate against the coup and inflation
Thousands of demonstrators marched Thursday in the sudanese capital Khartoum to protest against the October coup and the high cost of living in their country […]
Violence spreads in Sudan over rising cost of bread, fuel
About 20 people have died in violent anti-government protests in Sudan as Police have fired tear gas at protesters in the capital, Khartoum and other […]
Kenya: Inflation hits 12-month high due to VAT on fuel
Kenya’s inflation rose in September, pushed higher by an increase in fuel, transport and food prices, the statistics office said over the weekend. According to […]
Nigeria’s inflation drops to lowest in more than two years
Nigeria’s yearly inflation rate has dropped to 11.61 per cent in May, the National Bureau of Statistics (NBS) said on Wednesday. According to the bureau, […]
Algerian economy to improve in 2018—PM
Algeria’s economy will improve this year as revenue from the oil sector and natural gas picks up, Prime Minister Ahmed Ouyahia said on Saturday. Oil […]
Angola’s inflation slows to 34.8 percent
Angola’s inflation slowed to 34.8 percent year-on-year in April, data from the national statistics agency’s website show on Wednesday. According to the Agency, price in […]
Ghana predicts 6.5 percent budget deficit for 2017
Ghana’s Finance Minister Ken Ofori-Atta on Thursday said the government aims to reduce its budget deficit and inflation in 2017 as it plans to stabilize […]