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Kenya’s foreign exchange reserves have surged to a historic $10.59 billion, boosted by robust remittances and a stable shilling. This increase, reported by the Central Bank of Kenya, represents a …
Kenya’s Forex Reserves Reach Historic High of $10.59 Billion, Driven by Remittances Read More
Brazil’s drought is driving coffee prices up, causing supply concerns and potential long-term impacts on the market. As rainfall remains scarce, experts warn of difficulties ahead for both producers and …
Lack of Rain in Brazil Boosts Coffee Prices Read More
The South African rand has rebounded by 0.7% against the dollar, driven by rising gold prices and a surge in vehicle sales. Despite ongoing challenges in the manufacturing sector, the …
June South Africa Rand Forecast: USD/ZAR Soars Toward R17 on Auto Sales, SARB Cuts Read More
After enduring a significant property crisis, China shows signs of recovery, particularly in major cities like Shanghai. A notable high-end home sale indicates renewed interest, while recent data suggests that …
China Is Waking Up from Its Property Nightmare Read More
Moody’s upgraded Nigeria’s credit rating from ‘Caa1’ to ‘B3’ due to significant improvements in external and fiscal positions. The country’s economy is experiencing its fastest growth in nearly a decade, …
Moody’s Upgrades Nigeria’s Rating to ‘B3’ Amid Improved Economic Indicators Read More
Zimbabwe’s banking sector is facing a serious liquidity crisis as wealthy individuals hoard billions outside the formal system. Dr. Sibongile Moyo of BAZ highlights that much of the country’s wealth …
Cash-Hoarding Cripples Zimbabwe Banking Sector Read More
President Bola Tinubu’s proposed foreign loans could push Nigeria’s public debt from N144.67 trillion to over N182.91 trillion by 2026. Economists express concerns over sustainability and debt management as Nigeria’s …
Nigeria Faces Debt Surge with Fresh $24bn Borrowing Proposal Read More
The South African rand weakened to 17.9225 per dollar on Tuesday ahead of the SARB’s expected interest rate cut to 7.25%. Inflation remains below the target range, and recent economic …
South African Rand Weakens Amid Anticipation of Interest Rate Cut Read More
Argentina has announced its first peso-denominated debt sale in nearly a decade, aiming to raise up to $1 billion. This sale is critical for boosting foreign reserves and meeting IMF …
Argentina Unveils First Peso-Denominated Debt Sale in Nearly a Decade Read More
The BEAC injected 320 billion CFA francs into CEMAC’s banking system, falling short of the 540.9 billion CFA francs requested by banks. This move followed a policy rate cut intended …
BEAC’s 320 Billion CFA Franc Injection: A Quench for Banks’ Liquidity Thirst? Read More