Newly released data has revealed a slight uptick in US inflation, stirring discussions not only in economic circles but also within the political landscape as the country gears up for the presidential election. The core consumer price index (CPI) showed a modest 0.4 percent increase in March, slightly surpassing expectations. Year-over-year figures remained steady at […]
Ethiopia, East Africa’s most populous nation, faces a critical decision in its quest for economic stability. Struggling with inflation and recent debt default, the country’s path to recovery hinges on securing a much-needed loan from the International Monetary Fund (IMF). The IMF’s recent departure from Ethiopia without a concrete agreement has heightened concerns over the […]
The World Bank has released its latest Africa’s Pulse report, projecting a steady 5% growth for Kenya’s economy in 2024. This growth is attributed primarily to heightened investment activity following restored access to international capital markets. Key factors driving this growth include: However, while the World Bank’s forecast aligns with ongoing economic recovery trends, it […]
Italy’s economic landscape is witnessing a recalibration as the cabinet approves a revised Economic and Financial Document (DEF), signaling adjustments to growth forecasts for 2024 and beyond. The DEF, a cornerstone document outlining Italy’s economic objectives over the next three years, has been officially endorsed, reflecting the government’s response to evolving economic conditions. The revised […]
Addressing the pressing issue of unemployment in Gauteng, the Department of Employment and Labour, under the leadership of Minister Thulas Nxesi, announced the launch of labor activation programmes aimed at generating job opportunities across various sectors in the region. Partnering with private businesses, Skills Education and Training Authorities (SETAs), and Non-Governmental Organizations (NGOs), the government […]
The Central Bank of Kenya (CBK) forecasts a resurgence in imports for the current year, driven by a stabilized exchange rate and improved dollar availability compared to the previous year. This projection comes as the apex bank anticipates an 11 percent growth in imports, following a decline observed last year due to challenges in accessing […]
Global food prices saw a notable uptick, marking the first increase since July, according to the latest report from the United Nations’ Food and Agricultural Organization (FAO). The FAO’s overall Food Price Index climbed by 1.1 percent during the month, reaching 118.3 points. However, on an annual basis, the index remained 7.7 percent lower. Notably, […]
Nigeria’s central bank has announced a significant policy change aimed at safeguarding the stability of its banking sector. In a circular issued on Monday, the bank declared that commercial lenders are no longer permitted to accept foreign currency-denominated collateral for naira loans. This directive comes in response to observed risks associated with the practice, which […]
In a notable development, interest rates on all three Treasury bills have experienced a decline, marking the first such occurrence in over two years. During the most recent Treasury bill auction, the weighted average interest rates of accepted bids saw a slight downturn. Specifically, rates for the 91-day, 182-day, and 364-day papers fell to 16.7243 […]
India’s economic strength shines anew as its foreign exchange reserves hit an unprecedented milestone. Data disclosed by the Reserve Bank of India (RBI) reveals a continual ascent, with reserves reaching a historic high of $645.58 billion as of March 29, marking the sixth straight week of expansion. The recent $2.95 billion increment adds to the […]
Ethiopia has firmly established itself as Africa's second-largest destination for foreign direct investment, trailing only Egypt, in a development that...
India-based diversified conglomerate DCM Shriram Ltd has secured $90 million in financing from the International Finance Corporation (IFC) through the...
Chinese electric vehicle manufacturer BYD is preparing to launch its premium electric vehicle Denza Z9GT in Europe, introducing a new...
Japan has begun releasing oil from its emergency reserves as the global energy market faces renewed turmoil following the effective...
