Economy Archives - Page 11 of 17

Uganda’s foreign reserves dwindle

The central bank is taking measures to address the decline and boost the economy.

The IMF warns of economic difficulties in Senegal, urging the government to implement reforms to reduce public debt.

Prime Minister Mostafa Madbouly announced plans to settle arrears with production companies and restore normal output by summer 2025.

Egypt’s foreign minister has condemned Israel’s attacks on Gaza and called for an immediate ceasefire to end the current crisis in the Red Sea.

Malawi’s tobacco sales increased by 40% in the 2024 selling season, defying the impact of an El Niño-induced drought.

The Central Bank of West African States (BCEAO) held its main lending rate unchanged at 3.5% in its latest monetary policy decision.

The South African economy is showing signs of recovery as businesses gain confidence in the new government and improved power supply.

An examination of the potential impact of the decline in OPEC oil output on global energy prices and economic growth.

The blockade has caused severe economic hardship and threatens to destabilize the entire country.

South African Reserve Bank governor believes that successful reforms could lift the country’s economic potential beyond its current growth rate.