Gold vs. Dollar: Morocco Bets on Liquidity Amid a Global Monetary Shift
As the United States and China wage a quiet war over the future architecture of global monetary power, Morocco has made a deliberate choice: doubling […]
liquidity
Kenya: Moody’s Upgrades Kenya’s Credit Rating, Citing Improved Liquidity and Lower Default Risk
Global ratings agency Moody’s upgraded Kenya’s sovereign credit rating to B3 from Caa1 and revised the outlook to stable, citing a significant reduction in near-term […]
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 […]
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 […]