Inflation in Mozambique slows to 8.9% by end of 2023
“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
Inflation in Cape Verde would exceed 12% with no measures to address the war in Ukraine
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
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
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%
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
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
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
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
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 […]