The South African central bank cautiously reduced its key interest rate by 0.25% to 7.75%, reflecting lower inflation but acknowledging future uncertainties like global trade and policy changes.
South Africa’s central bank lowers interest rate to 7.75 percent Read More »
Egypt’s net foreign assets fell by $3.53 billion in August, reaching $9.72 billion, following a peak in May, as the country engages in renewed talks with the IMF for financial support.
Egypt’s foreign assets drop after two-year high in may Read More »
Nigeria’s central bank chief vows to use all available tools to combat rising inflation, as the country grapples with the impact of recent economic reforms.
Nigeria central bank pledges economic stability, inflation control Read More »
South Africa’s central bank governor argues for a lower inflation target, citing studies that show minimal negative impact on economic growth.
South Africa central bank eyes lower inflation target Read More »
Kenya’s central bank has lowered its benchmark lending rate to 12.00% from 12.75% to stimulate credit and address a slowdown in economic growth.
Kenya reduces benchmark rate as inflation falls Read More »
The central bank is taking measures to address the decline and boost the economy.
Uganda’s foreign reserves dwindle Read More »
Libya’s crude oil exports have plummeted due to a political crisis that has shut down much of its oil production.
Political turmoil cuts Libya’s oil output by over 60 pct Read More »
The Central Bank of West African States (BCEAO) held its main lending rate unchanged at 3.5% in its latest monetary policy decision.
Inflation outlook remains stable for West African states Read More »
Libya’s future hangs in the balance as the UN mediates a central bank dispute that has halted oil production.
UN resumes talks to end Libya’s central bank crisis Read More »
The blockade has caused severe economic hardship and threatens to destabilize the entire country.
Oil crisis deepens in Libya as factions clash over central bank Read More »
