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

Inflation

77 Results / Page 6 of 9

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Africa

Zimbabwe’s emerging consumer market tops segment – report

    By Conrad Onyango, bird story agency   Zimbabwe is pushing past sky-high inflation, global sanctions and illicit trade to find itself the unlikely winner in a consumer index that measures Africa’s emerging consumer market. Efforts by the government to offer "essential consumer spending solutions through credit and digital advancements" - including the recent launch of Zim-gold, a new “structured currency” backed by gold - are helping to lower […]

todayApril 15, 2024 20

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Local

Governor! Gawaxab champions economic resilience and financial innovation at 2024 Cirrus investor conference

  The Bank of Namibia, participated in the 5th edition of the Cirrus Investor Conference. Taking place in Swakopmund between 9-10 April 2024, the conference drew development finance institutions, institutional asset managers, listed companies, state-owned enterprises, and Government Ministries, offices and agencies together to connect Namibian securities issuers and potential issuers, with investors from around the world. Speaking at the event, the Governor of the Bank, Mr. Johannes !Gawaxab provided […]

todayApril 10, 2024 7

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Africa

Twin rate cuts set Mozambique apart as African currency rally

    By Seth Onyango, bird story agency   Mozambique’s central bank has decisively cut its benchmark lending rate to 15.75% from 16.5%, setting a precedent as the first African country to slash rates twice in 2024. The move highlights Maputo’s aggressive push for economic growth amid a wider trend of cooling inflation and currency stability against the US dollar across Africa. Rate cuts in the southeastern African nation, prompted […]

todayApril 8, 2024 30

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Africa

Cost of living relief on the cards as Kenya, Nigeria currencies gain ground

    By Conrad Onyango, bird story agency   Squeezed by painfully high prices for over a year, households in Kenya and Nigeria are beginning to get some relief as their national currencies strengthen against the US dollar and the cost of living starts to come down. In 2023, the shilling and naira were ranked among the worst-performing currencies in the world, according to data from Bloomberg and World Currency […]

todayApril 2, 2024 14

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Business / Economics

Morning Biznews update – 22 March 2024

With South Africa’s annual consumer price inflation increasing to 5.6% in February, exceeding economists' expectations, and rising closer to the top of the central bank's 3% to 6% target range, all hopes of an interest rate cut before the Monetary Policy Committee meeting in July have fallen. A number of economists are in fact now looking at September as the first opportunity for any easing of the country’s 8.25% repurchase rate. […]

todayMarch 22, 2024 7

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Africa

Nigeria’s fuel subsidy removal was too sudden: why a gradual approach would have been better

      By Stephen Onyeiwu, Allegheny College   Nigeria removed fuel subsidies entirely in May 2023. This came as a surprise because of the political risks associated with subsidy removal. Previous administrations were reluctant to jettison the subsidies. The subsidies had been in place since the 1970s, when the government sold petrol to Nigerians at a price below cost – though most consumers weren’t aware of this. The 1977 […]

todayMarch 20, 2024 12

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World

With nominations decided, Trump leads Biden in US polls; UK Labour far ahead as election approaches

    By Adrian Beaumont, The University of Melbourne   Joe Biden and Donald Trump have both secured their parties’ nominations for the November 5 United States general election by winning a majority of all delegates to their parties’ conventions, including delegates not yet allocated. Both Biden and Trump won their nominations easily, with Biden taking 86.4% of the national Democratic primary vote in contests so far, far ahead of […]

todayMarch 19, 2024 19

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Africa

Burkina Faso, Mali and Niger hint at a new west African currency: what it’ll take for it to succeed

    By Thierno Thioune, Université Cheikh Anta Diop de Dakar   On 11 February 2024, the head of Niger’s ruling military junta, General Abdourahmane Tiani, spoke of the possible creation of a common currency with Burkina Faso and Mali. “The currency is a first step toward breaking free from the legacy of colonisation,” he said on national TV, referring to the CFA franc inherited from French colonisation. Burkina Faso, […]

todayMarch 15, 2024 16

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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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