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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

currency depreciation

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Africa

Ethiopia eases forex curbs as it awaits crucial bailout

      By Aymeric Vincenot     Ethiopia said Monday it is easing foreign exchange curbs as part of a broader economic reform package, as the deeply-indebted nation awaits a multi-billion dollar bailout from international lenders. The value of the local currency, the birr, slid by around 30 percent against the dollar after the announcement of the measures by the central bank. "The reform introduces a competitive market-based determination […]

todayJuly 29, 2024 10

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Uncategorized

Malawi and maize: prices have spiked on the back of bad weather and trade bans

    By Simon Roberts, University of Johannesburg and Namhla Landani, University of Johannesburg   Maize is the leading staple food in Malawi and crucial for food security. Typically, local production from smallholder farmers meets and exceeds annual requirements of around 3 million metric tonnes. The country, however, is currently facing a crisis with 4.4 million Malawians (22% of the population) being food insecure. This is due firstly to a […]

todayMarch 19, 2024 6

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Africa

Inflation in Nigeria is still climbing while it has slowed globally: here’s why

  By Stephen Onyeiwu, Allegheny College   Just as Nigerians were gradually digging out from the devastating effects of the COVID-19 pandemic, they were hit by high inflation. The Nigerian economy contracted by 6.1% at the peak of COVID in the second quarter of 2020. Unemployment rate rose from 27% in the second quarter of 2020 to 33% in the fourth quarter of the same year. The World Bank estimated […]

todayMarch 14, 2024 22

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