Ghana inflation rises for second month in October
ACCRA – Ghana’s consumer inflation rose for the second month in a row in October, to 22.1% year on year from 21.5% in September, the statistics service said on Wednesday.…
Nigeria targets diaspora cash, $1 bln monthly remittances, central bank chief says
WASHINGTON D.C. – Nigeria is considering a diaspora bond in the United States next year and is targeting remittance inflows of $1 billion a month, its central bank chief told…
South African rand hits new 13-month high on signs of economic turnaround
Data released on Thursday showed annual producer inflation in South Africa dropped to 4.2% in July. Reuters JOHANNESBURG – South Africa’s rand strengthened to a fresh 13-month high on Friday,…
Ethiopia’s central bank sells dollars to banks at special auction
The National Bank of Ethiopia sold dollars to commercial lenders as it seeks to close the gap between official and parallel exchange rates Reuters ADDIS ABABA – Ethiopia’s central bank…
AfDB puts Zimbabwe reform-funding gap at $3.7 billion annually
Since 1999, international capital markets locked Zimbabwe out after it defaulted on its debts Bloomberg Abidjan/Harare – Zimbabwe needs to come up with $3.7 billion annually through the end of…
Nigeria’s president asks lawmakers to approve extra 6.2 trillion naira ($4 billion) in spending
Reuters ABUJA – Nigeria’s President Bola Tinubu has asked the Senate to approve an additional spending of 6.2 trillion naira ($4 billion) to plug shortfalls in this year’s national budget,…