P3bn of the deficit will be financed from the domestic debt capital market
Finance Minister Peggy Serame, in the 2023 Budget speech on Monday, forecast Botswana’s growth to decelerate to 4 percent this...
Mozambique keeps rates on hold despite inflation running in double-digit territory
Despite inflation still in double digits, the Bank of Mozambique (BoM) left interest rates unchanged yesterday at 17.25 percent, taking...
Nigeria expects at least US$4.3bn of cash to return to banks
The Central Bank of Nigeria is expecting at least N2trn (US$4.3bn) of cash to return to banks by 31 January,...
Central Bank of Nigeria delivers an outsized 100bp rate hike
The Central Bank of Nigeria delivered an outsized rate hike yesterday, raising the country’s key interest rate by 100bp to...
“Africa needs US$65bn in loans to produce enough food” – African Development Bank
The African Development Bank, in a statement on Tuesday, estimated that farmers in Africa will need as much as US$65bn...
Ghana is making progress in its debt restructuring
Ghana is making progress in its debt restructuring, softening its stance slightly this week as it proposed that it will...
Central Bank of Nigeria set to decide on its policy rate
The Central Bank of Nigeria (CBN) is set to meet for the first time this year to decide on its...
Nigeria: foreign exchange inflows plunge to the lowest level
Foreign exchange inflows into the official forex market plunged to the lowest level in 19 months in October. Specifically, foreign...
Fitch downgrades Nigeria’s sovereign credit rating
Fitch downgraded Nigeria's sovereign credit rating by one notch to B- and left the outlook at stable. The global ratings...
Kenya will no longer borrow at more than 10% interest
Official data from the Central Bank of Kenya showed that Kenya's public debt rose by 9 percent y/y from KSh7.99trn...
