Business SA unemployment down for first time in two years Johannesburg – South Africa’s unemployment rate has fallen for the first time in almost two years, declining to 34.5%... Read more 31 May, 2022
Business Malawi steeply devalues currency to shore up forex reserves Lilongwe – Malawi on Thursday announced a 25% devaluation of its currency in a bid to shore up dwindling... Read more 27 May, 2022
Business Zimbabwe’s inflation soars to 131.7% Harare – Zimbabwe’s inflation rate jumped to 131.7% in May, the statistics office said on Wednesday, as fallout from the... Read more 25 May, 2022
Algeria Algeria president sacks central bank chief Algiers – Algerian President Abdelmadjid Tebboune on Monday sacked central bank chief Rostom Fadli, in office for less than two... Read more 24 May, 2022
Business Africa development bank approves $1.5bn for food crisis Accra – The African Development Bank (AfDB) has approved a $1.5 billion emergency programme to alleviate the impact of worsening... Read more 23 May, 2022
Business IMF bailout ‘indispensable’ for Tunisia, central bank chief says Tunis – Tunisia has no choice but to seek a bailout from the International Monetary Fund as it battles a... Read more 21 May, 2022
Business IMF extends Somalia funding following election Mogadishu – The International Monetary Fund has agreed to extend the duration of a crucial aid package to Somalia, a... Read more 20 May, 2022
Business South Africa hikes rates as inflation stays high Johannesburg – South Africa raised its benchmark interest rate for the third time in a row on Thursday, as inflation... Read more 19 May, 2022
Business Egypt to privatise key state companies as inflation surges Cairo – Egyptian Prime Minister Mostafa Madbouli announced on Sunday a string of planned privatisations of state-owned companies, as Cairo... Read more 16 May, 2022
Business African Union chief wants pan-African ratings agency Dakar – Senegalese president Macky Sall called on Sunday for the creation of a pan-African credit ratings agency, saying that... Read more 15 May, 2022