Tag: Central Bank Governor
Business Features Finance Headlines

Congo’s franc revival: a high-stakes test for African monetary sovereignty

North Africa PostComments Off on Congo’s franc revival: a high-stakes test for African monetary sovereignty

The Democratic Republic of Congo has launched an ambitious plan to reclaim monetary control by reversing decades of deep-rooted dollar dependence. Newly appointed Central Bank Governor André Wameso has placed restoring confidence in the Congolese franc (CDF) at the heart of his mandate. Today, nearly 90% of Congo’s transactions — from mineral exports to daily […]
Finance Headlines Morocco

Monetary policy by itself not enough to ease inflation – Cent Bank governor says

North Africa PostComments Off on 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 enough to tackle inflation according to central bank governor Abdellatif Jouahri. “The job of the central bank is monetary policy but growth is the job of the government,” he told […]
Business Emerging Markets Finance International

Inflation could “inflame social tensions”, warns IMF

North Africa PostComments Off on Inflation could “inflame social tensions”, warns IMF

The global economic outlook is “darkening”, the managing director of the International Monetary Fund (IMF) said on Wednesday, citing the war in Ukraine and the “commodity price shocks” it has caused among the main reasons. The IMF plans to publish later this month “a further downgrade” to its growth forecasts “for both 2022 and 2023”, […]
Energy Headlines Libya

Tripoli-based PM Abdelhamid Dbeibeh removes NOC Chairman Mustafa Sanalla

North Africa PostComments Off on Tripoli-based PM Abdelhamid Dbeibeh removes NOC Chairman Mustafa Sanalla

Abdelhamid Dbeibeh, one of Libya’s rival Premiers, has sacked the Chairman of the National Oil Corporation (NOC) Mustafa Sanalla, local media Libya Update has learned. Dbeibeh’s administration, which is based in capital Tripoli, replaced Sanalla with Farhat Omar Bengdara, who served as Libya’s Central Bank Governor from 2007 to 2011, the media notes citing a […]