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Africa News
Kenya’s private sector records modest growth in Nov. ’24
Kenya’s private sector showed moderate growth in November, with the Purchasing Managers’ Index (PMI) rising to 50.9…
Ghana’s inflation hits 23% in Nov
Ghana's consumer inflation rose for the third consecutive month in November, reaching 23.0 per cent year-on-year…
Zimbabwe c. bank maintains policy rate
Zimbabwe's Reserve Bank Monetary Policy Committee (MPC) will maintain its policy rate at 35 per cent and statutory…
Egypt’s c. bank joins PAPSS to boost intra-African trade
The Central Bank of Egypt (CBE) approved joining the Pan-African Payment and Settlement System (PAPSS) in November…
IMF approves $360m disbursement for Ghana’s economic reforms
The International Monetary Fund (IMF) has completed the third review of Ghana’s 36-month Extended Credit Facility…
S. African manufacturing activity contracts in Nov. ’24
South Africa's manufacturing sector contracted in November, with the Absa Purchasing Managers' Index (PMI) falling…
S. Africa’s producer price index declines in Oct. ’24
South Africa's producer price index (PPI) for final manufactured goods decreased 0.7 per cent year-on-year in…
Zimbabwe’s inflation rate plunges to 11.7% in Nov.
Zimbabwe's inflation rate dropped to 11.7 per cent in November 2024 from 37.2 per cent the previous month.
Tanzania to honour Adani Group contracts
Tanzania has affirmed its commitment to honouring existing contracts with an Adani Group unit.
Goldman Sachs: S. Africa inflation could undershoot expectations
Goldman Sachs forecasts South Africa's inflation to average 3.3 per cent in 2024, significantly below the central…