Angolan banks’ surplus reserves fell 12% in July
In July 2024, surplus reserves in the Angolan banking system dropped by 12.34% to 614.73 billion kwanzas (approximately 606 million euros), primarily due to reliance […]
liquidity
Mozambique’s bank reserves set a new record in November 2023
The volume of Mozambican bank reserves hit a new record in November 2023, reaching 245,527 million meticais (3,513 million euros), as a result of the […]
IMF agrees $1 billion loan to cash-strapped Kenya
The International Monetary Fund (IMF) announced on Tuesday that it had reached an agreement for a $1 billion (927 billion euros) loan for Kenya, an […]
Angola reduces benchmark interest rate to 19.5%
The central bank of Angola decided on Monday to reduce the reference interest rate from 20% to 19.5%, arguing with the slowdown in inflation and […]
Sudan’s central bank to print 100-pound banknotes as inflation worsens
Sudan’s central bank will start printing 100-pound banknotes for the first time as it struggles to deal with a liquidity crisis and rampant inflation. The […]