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Inflation Surge Continues To Dampen FX Outlook

Inflation surge continues to dampen FX outlook Rising inflation continues to dampen the outlook for many currencies in Africa. The Bank of Ghana is battling

Naira Breaks Record Low of 700 As Trade Growth Slows

Elections upheld in Kenya and Angola steady FX Disputed election outcomes in Kenya and Angola were dismissed by each country’s Supreme Court this week as

Angola joins Kenya in election dispute as Shilling passes record low 120

Angola joins Kenya in an election dispute Africa is facing its second challenge to an election in a month, after Angolan opposition leader, Adalberto Costa

High fuel prices crimp Kenya reserves as Nigeria’s hit 2-year high

Sudan coup chokes off much-needed funding Since Sudan’s military on Monday seized power and arrested the prime minister, the country has suffered widespread violence, demonstrations

Biden’s J&J vaccine donation to assist in COVID Mitigation

President Joe Biden’s commitment to donate a further 17 million doses of the Johnson & Johnson Covid-19 vaccine to the African Union, adding to the

Trade finance deals to drive African SME growth

The African Development Bank has laid out plans to support the growth of the continent’s free trade area by guaranteeing loans worth $7 billion over

Naira edges back from record low and Cedi stabilises

Tunisia names first female PM Tunisia’s President Kais Saied—who in July suspended parliament and seized executive powers—has named Najla Bouden Ramadhane as the country’s first

Zimbabwe cracks down on illegal forex dealers

Zimbabwe’s Vice President Constantino Chiwenga has hit out at the country’s informal currency traders after the Zimbabwe Dollar plunged against the greenback on the parallel

Naira recovers from record low while Kenyan Shilling hits 9-month low

Moroccan central bank absorbs FX-inflow surge Morocco’s central bank—Bank al-Maghrib—this week started buying excess foreign currency from local banks amid a glut of FX inflows

Pressure on record-low Naira to continue as Cedi weakens further

Angola earns rating uplift as economy poised to end five years of contraction Angola this week saw Moody’s raise its credit rating one level to

Record-low Naira poised for new depths; Cedi reprieve unlikely to last

Chad debt relief plan hinges on private creditor talks The IMF this week called on private creditors to step up debt talks with Chad as

Naira hits record low as Kenya inflation at an 18-month high

Ethiopia seeks to stem surging inflation Ethiopia’s rising inflation has forced the country’s central bank to double the cash reserve ratio requirement for commercial banks

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