Economy
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Economy
30 YEARS OF SA DEMOCRACY
Reflections on the 30 years of freedom and democracy in South Africa.
Nigeria's central bank sells $148m to 29 authorised dealers
Date:Jul 26, 2024
Nigeria's central bank has sold $148 million in foreign exchange to 29 authorised dealer banks in the spot market to ease demand pressure, it said this Friday.
AfDB offers Morocco $260m in loans for port project: Governance
Date:Jul 26, 2024
The African Development Bank (AfDB) said this Friday it offered Morocco two loans each worth 120 million euros ($130 million) to finance an industrial zone in a northeastern port and to improve economic governance in the country.
Latest US sanctions against ISIS operates in SA impacts economy
Date:Jul 25, 2024
The latest US sanctions against ISIS operatives based in South Africa according to analysts do not bode well for the local economy.
Angola's new Cabinda refinery to start up later this year: CEO
Date:Jul 25, 2024
Angola’s new Cabinda crude oil refinery is on track to start up later this year before ramping up to full first phase production of 30 000 barrels a day by July next year, the plant’s Chief Executive Marcelo Hofke said this Thursday.
Zimbabwe's 2024 budget deficit seen at 1.3% of GDP: Finmin
Date:Jul 25, 2024
Zimbabwe's 2024 budget deficit is forecast to be at 1.3% of gross domestic product, Finance Minister Mthuli Ncube said this Thursday.
Bank of Ghana keeps main rate unchanged over inflation concerns
Date:Jul 26, 2024
Ghana's central bank held its main interest rate steady at 29% for the third meeting in a row this Friday, saying a strong monetary stance was needed due to uncertainty over the inflation outlook.
Standard Chartered interested in Uganda rail project: President's office
Date:Jul 26, 2024
Standard Chartered Bank is interested in financing Uganda's planned Standard Gauge Railway (SGR), a statement from President Yoweri Museveni's office said, after the project failed to secure credit from China.
Kenya currency to hold steady, Ghana's to weaken
Date:Jul 25, 2024
Kenyan and Ugandan shilling are expected to be stable against the Dollar in the next week to Thursday, while Ghana's cedi and Zambia's kwacha are seen weakening and Nigeria's Naira could strengthen, traders said.
Egypt raises domestic fuel prices by up to 15% before IMF review
Date:Jul 25, 2024
Egypt raised the prices of a wide range of fuel products this Thursday, the official gazette said, four days before the International Monetary Fund (IMF) conducts a third review of its expanded $8 billion loan programme for the country.
Biggest names in global coffee industry converge in SA
Date:Jul 25, 2024
Experts from different parts of the world have converged in Durban, South Africa, for the seventh edition of the Creative Coffee Week.
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