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Tag: inflation
US ramps up efforts to access Africa’s critical minerals to counter China’s dominance
Africa will play a "huge role" in America’s critical mineral strategy, says US Deputy Treasury Secretary Wally Adeyemo who used his five-day trip to South ... Read More
Ramadan: celebrations in parts of Africa muted by soaring food prices, conflicts in Gaza, Sudan
As the Muslim holy month of Ramadan begins on Monday or Tuesday (11-12 March), depending on the sighting of the new moon, Muslims in parts ... Read More
Red Sea crisis to affect global trade, fuel inflation in Africa and beyond
Escalating attacks by Yemen’s Houthi rebels on ships in the Red Sea have not only unraveled a key global trade route, sending shipping and insurance ... Read More
Remittances from African diaspora grew in 2023, set to exceed $100bn in 2024
Global remittances from African diaspora to their home continent are set to exceed $100bn a year amid demographic trends in Europe such as an aging ... Read More
Fitch agency: Moroccan Banks Net Income Reaches Record Levels 2023
Moroccan banks’ profitability continued to recover strongly in 1st half of 2023, with aggregate net income reaching record levels, says Fitch rating agency, noting that ... Read More
IMF Director: Price stability is a basic condition to achieving growth; WB President eyes longer, cheaper loans
Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva said on Friday that price stability is “is a prerequisite for growth and it protects ... Read More
Tunisia’s new Prime Minister takes oath
Ahmed Hachani, Tunisia’s new Prime Minister swore in on Monday July 31 right after his appointment, before President Kais Saied, a few hours the latter ... Read More
AfDB forecasts 2.3 growth rate for Tunisia over 2023-2024 period
Tunisia will witness a 2.3 per cent economic growth rate in 2023 and 2024, the African Development Bank (AfDB) announced Wednesday, as it presented its ... Read More
Kenyan default fears intensify as anti-government protests are to resume
Investors are unloading Kenya’s dollar bonds due 2028, whose yields have climbed to 14.6% and the shilling has also trading at a record low, while ... Read More
Morocco suspends VAT for agricultural production tools
The Moroccan government adopted a decree canceling the value-added tax on agriculture inputs in a bid to lower food prices. The measure is in line ... Read More