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 […]
Inflation
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 […]
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 […]