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Zambia’s foreign-exchange reserves have reached new heights at $4.31 billion; however, the currency struggles due to ongoing drought and increased import demands. The kwacha has depreciated significantly, making it Africa’s …
Zambia’s Record-High Foreign-Exchange Reserves Fail to Stabilize Currency Read More
Nigeria’s annual inflation has decreased for the second consecutive month, falling from 24.5% to 23.2%. This trend leads to speculations that the Central Bank may pause interest rate hikes. With …
Nigerian Inflation Declines Again, Impacting Interest Rate Decisions Read More
Peru has held its key interest rate at 4.75% while monitoring the effects of global trade wars. Policymakers noted local inflation stability but acknowledged rising global economic risks. Peru’s inflation …
Peru Maintains Interest Rates Amid Trade War Uncertainties Read More
Microsoft Corporation has announced a US$297 million investment in South Africa to expand its cloud and artificial intelligence capabilities by 2027. This follows a previous investment of 20.4 billion rand …
Microsoft Announces US$297 Million AI Investment in South Africa Read More
Kenya’s inflation reached a five-month high of 3.5% in February, driven mainly by rising food prices. Core inflation remained steady at 2%, suggesting subdued economic demand. The central bank may …
Kenya’s Inflation Rate Rises Amid Increasing Food Prices Read More
The Public Investment Corporation of South Africa views private credit as a vital growth sector in Africa, directing investments away from equities and private equity toward credit options. With significant …
PIC Explores Private Credit Investment Opportunities in Africa Read More
Grupo Vanti will raise natural gas prices by up to 36% due to supply shortages, necessitating imports of costly liquefied natural gas. Despite rising prices, government officials dispute the need …
Colombia’s Top Natural Gas Distributor Increases Rates by 36% Amid Supply Crisis Read More
Nigeria’s annual inflation rate reached 34.8% in December, a near 29-year high. This rate is expected to decrease following a revision of the data methodology by the National Bureau of …
Nigeria’s Inflation Rate Hits 29-Year High Ahead of Data Methodology Overhaul Read More
Argentina is nearing a position to surpass Colombia in crude oil production due to a shale drilling boom in the Vaca Muerta region. This transformation is driven by the policies …
Argentina’s Shale Boom Set to Overtake Colombia in Oil Production Read More