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Category: Finance
Monetary policy by itself not enough to ease inflation – Cent Bank governor says
Morocco’s central bank has hiked its key rates by 50 basis points to 2% to tame a soaring inflation, but this measure alone is not ... Read More
EBRD expects Morocco’s growth to slow to 1.1 % in 2022 & rebound to 3.3 % in 2023
The European Bank for Reconstruction and Development (EBRD) expects Moroccan economic growth to decelerate to 1.1 per cent in 2022, before rebounding the following year ... Read More
Madagascar slams embezzlement of around 12.4 million euros in 8 months in public Administration
Madagascar’s State Inspectorate-General (IGE) Tuesday denounced the embezzlement of around 12.4 million euros (MAG51 billion) of state funds in the public Administration over a period ... Read More
Morocco’s Central Bank raises rates to 2% to fight inflation
Bank Al-Maghrib, Morocco’s central bank, decided Tuesday to increase its key interest rate by 50 basis points to 2 percent and to continue to monitor ... Read More
Nothing’s free: skepticism grows over China’s debt forgiveness
Skeptics say that despite China’s agreement to forgive interest-free loans to 17 African countries as it seeks to dispel debt-trap allegations, the days of Beijing ... Read More
“Very difficult” 18 months ahead for African banks — Fitch 2022-23 Outlook
The next 12-18 months will be “very difficult” for African banks as widespread inflation, currency devaluations and interest-rate hikes sweep the region, a senior director ... Read More
The African currency rollercoaster ride: struggling against super-strong US dollar
As the global economy sinks into another period of crisis, African currencies are depreciating against the US dollar and rising import costs are adding to ... Read More
Kenya, Ghana, Ethiopia struggling to deal with high inflation
Fuel prices soar to record levels as subsidies were removed in Kenya, while inflation in Ethiopia and Ghana hit record high — in both countries ... Read More
WB supports Morocco’s North-East Economic Development Project with over €236 Mln funding
Morocco and the World Bank signed on Monday in Rabat a €236.7 million loan agreement for the funding of the North-East Economic Development Project destined ... Read More
Benin to increase minimum wage by end of November
Benin President Patrice Talon announced an increase of the minimum wage in November, the spokesperson of the government, Landre Hougbedji told 24 Au Benin Info ... Read More