08/05/2024
The meeting, hosted by the International Monetary Fund and World Bank Group governors, aimed to identify ways to accelerate intra-African trade as a catalyst for sustainable economic growth.
08/01/2024
African bank capitalisation regulations have come under the spotlight once again after two of the continent’s most important central banks, in Nigeria and Kenya, hiked minimum capitalisation levels.
07/30/2024
The Central Bank cited uncertainties about the inflation outlook for the year, influenced by recent exchange rate pressures, increased utility tariffs, and rising ex-pump fuel prices.
07/30/2024
The Horn of Africa nation, which has been struggling with soaring inflation and chronic foreign currency shortages, became the third economy on the continent in as many years to default on its government debt last December.
07/26/2024
Core inflation, which excludes volatile food and energy costs, also dropped down to 4.5% in June from 4.6% in May.