Kenya: oil marketers warn of fuel shortages
Due to government delays in paying subsidies meant to keep the price of gasoline low, oil marketers in Kenya have...
Egypt’s central bank ‘surprisingly’ keeps rate unchanged, setting off a fresh tailwind for Egyptian eurobonds
The Central Bank of Egypt surprised markets on Thursday after its MPC voted in favour of leaving its lending rate...
Central Bank of Egypt (CBE) expected to raise the overnight deposit rate by 50bp today
Policymakers at the Central Bank of Egypt (CBE) will today decide on the lending and deposit rates. Consensus expectations are...
Bank of Ghana hikes interest rate by 3% to support local currency
In a bid to offer the ailing cedi support and arrest soaring inflation expectations, the Bank of Ghana (BoG) delivered...
Central Bank of Nigeria raises minimum interest rate on savings deposits
The Central Bank of Nigeria has raised the minimum interest rate on savings deposits in banks. Specifically, the CBN has...
Ghana central bank calls emergency meeting amidst currency sell-off and run away inflation
The Bank of Ghana (BoG) will today become the second central bank in sub-Saharan Africa to hold an emergency meeting...
Nigeria: inflation prints 19.6%, the fastest pace since 2005
Headline inflation in Nigeria continued to escalate in July, coming in at 19.6 percent y/y from 18.6 percent y/y in...
BoB may hike interest rate next week following inflation spike
Consumer price inflation in Botswana accelerated to 14.3 percent y/y in July from 12.7 percent y/y in June. Contributing to...
Nigeria implements 5% tax on voice calls, mobile data and text messages
To improve Nigeria's revenue flow and ease a mounting fiscal crisis, Finance Minister Zainab Ahmed announced the implementation of a...
Egypt’s foreign currency gap narrows to US$400m
Central Bank of Egypt (CBE) Deputy Governor Gamal Negm reported that Egypt's foreign currency gap had narrowed sharply to US$400m...
