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    Botswana’s women boxing on the rise 

    Boxers Finally Receive their Prize Money from 2022 African Championships

    Darts Expects Only P50K from BNSC for 2023/24

    Darts Expects Only P50K from BNSC for 2023/24

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    Botswana athletes to train in USA

    Debswana’s BAA Sponsorship Plays Critical Role in Developing BW Athletics – Theetso

    Debswana’s BAA Sponsorship Plays Critical Role in Developing BW Athletics – Theetso

    Boxers yet to Receive Prizes from 2022 African Boxing Championships 

    Boxers yet to Receive Prizes from 2022 African Boxing Championships 

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    April will see 2nd Instalment of Summer Kids Marathon

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      Botswana’s women boxing on the rise 

      Boxers Finally Receive their Prize Money from 2022 African Championships

      Darts Expects Only P50K from BNSC for 2023/24

      Darts Expects Only P50K from BNSC for 2023/24

      Botswana athletes to train in USA

      Botswana athletes to train in USA

      Debswana’s BAA Sponsorship Plays Critical Role in Developing BW Athletics – Theetso

      Debswana’s BAA Sponsorship Plays Critical Role in Developing BW Athletics – Theetso

      Boxers yet to Receive Prizes from 2022 African Boxing Championships 

      Boxers yet to Receive Prizes from 2022 African Boxing Championships 

      April will see 2nd Instalment of Summer Kids Marathon

      April will see 2nd Instalment of Summer Kids Marathon

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      Central Bank of Nigeria delivers a 1.5% rate hike

      mm by RMB Africa Research
      September 28, 2022
      in News
      Reading Time: 1 min read
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      Central Bank of Nigeria delivers a 1.5% rate hike

      Nigeria’s real interest rate remains negative (%). Source: ETM Analytics, Bloomberg

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      In a move to ease selling pressure on the naira and help anchor inflation expectations, the Central Bank of Nigeria delivered an outsized 150bp rate hike on Tuesday, taking the Monetary Policy Rate (MPR) to 15.50 percent.

      Note that the consensus expectation was for a less pronounced 50bp hike. Underpinning the notion that this was a hawkish hike was the fact that almost all of the MPC members (10 out of 12) voted in favour of the 150bp hike. While the CBN delivered an outsized 150bp rate hike and sent a clear message that it is committed to reining in inflation, it must be noted that Nigeria’s real rate remains deeply negative. This, together with mounting idiosyncratic risks and adverse external conditions, suggest the bearish bias in the naira is likely to be sustained in the months ahead. Note that Morocco also hiked interest rates yesterday.

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