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East Africa bracing for fresh wave of interest rate hikes fueled by Red Sea crisis

North Africa Post

East African central banks are being forced to hike interest rates to contain renewed inflationary pressures emanating from surging shipping and insurance costs due to the disrupted crucial trade routes between Europe, the Middle East, and Asia in the Red Sea. The ongoing Red Sea crisis, involving attacks by the Iran-supported Houthi group based in […]
Africa Community Finance International

Guinea: 34 financial officials banned from traveling amid funds embezzlement probe

North Africa Post

As many as 34 people dealing with funds in several State entities, including the office of the President, have been banned from leaving the country amid an ongoing investigation into alleged funds embezzlement. Aly Touré, the Prosecutor of the Court for the Repression of Economic and Financial Offenses (CRIEF) has targeted the people in question […]
Africa Headlines

Sudan: Paramilitary Assault Leaves Civilians Dead in Kordofan

North Africa Post

At least 14 civilians, including women and children, have been killed following a paramilitary attack in central Sudan, as conflict continues to cast a long humanitarian shadow over the region, authorities disclosed Sunday March 29. The assault, carried out by the Rapid Support Forces and allied rebels, targeted the city of Dilling, capital of South […]