Zimbabwe central bank hikes interest rate to 200%
Harare – Zimbabwe’s central bank on Monday more than doubled its key interest rate to a whopping 200%, the... Read more
27 Jun, 2022
Zimbabwe’s inflation doubles in two months to 191%
Harare – Zimbabwe’s annual inflation rate quickened to 191.6% in June, more than doubling the consumer price increases of... Read more
27 Jun, 2022
Markets struggle as recession fears weigh heavily
Hong Kong – Equities struggled on Wednesday after a brief respite from last week’s painful rout across world markets,... Read more
22 Jun, 2022
One shot dead during Guinea fuel protest
Conakry – A young man has been shot dead in the Guinean capital Conakry on the sidelines of a protest... Read more
3 Jun, 2022
Malawi steeply devalues currency to shore up forex reserves
Lilongwe – Malawi on Thursday announced a 25% devaluation of its currency in a bid to shore up dwindling... Read more
27 May, 2022
Zimbabwe’s inflation soars to 131.7%
Harare – Zimbabwe’s inflation rate jumped to 131.7% in May, the statistics office said on Wednesday, as fallout from the... Read more
25 May, 2022
Egypt inflation rises to 12.1% as foreign reserves dip
Cairo – Egypt’s annual inflation rate hit 12.1% in March, official figures showed on Sunday, as foreign reserves declined... Read more
10 Apr, 2022
Zimbabwe to get high bank note, won’t buy bread loaf
Harare – Zimbabwe will introduce a new 100-dollar note, its highest paper money denomination, according to a government notice, but... Read more
7 Apr, 2022
Morocco inflation surges, growth to flatline, central bank says
Rabat – Inflation in Morocco will surge to 4.7% this year while growth almost flatlines, the central bank said... Read more
23 Mar, 2022
Egyptian currency sheds 13% against greenback
Cairo – The value of the Egyptian pound shed 13% against the US dollar on Monday, registering 17.80 pounds... Read more
21 Mar, 2022
