- Nigeria Inflation Rate Forecasted to Slow to 13.59% in October
- Naira Loses N7 as Bonny Light, Nigeria’s US Dollar Reserves Ease
- Ethereum Tumbles as Rising Fed Rate Hike Odds Trigger Crypto Selloff
- African Currencies Mixed as Dollar Posts Strongest Week Since October
- Cardano Lost 8% as Hoskinson Says He Never Promised Price Gains
- Pi Network Loses 12% as Top Cryptocurrencies Tumble
- Fitch Affirms Namibia at ‘BB-’ with Stable Outlook
- XRP Plunges by 10% to $0.9146 on Aggressive Selloffs
Inside Africa
Fitch Ratings has affirmed Namibia’s Long-Term Issuer Default Ratings (IDRs)at ‘BB-’ with a Stable Outlook. Namibia’s ratings are supported by strong governance indicators and an institutional framework relative to rating peers.
The South African Rand traded steady against Western currencies, the US dollar, the euro, and the British pound on Monday as gold rebounded amid uncertainty in the global commodity market.
King Letsie III of Lesotho said that nearly 60 per cent of the world’s chronically undernourished population by 2030 could be living in Africa.
The Tanzanian government has unlocked additional $935 million loans from the International Monetary Fund, an official statement said.
Namibia Keeps Interest Rate at 7.75% Namibia’s central bank has announced its monetary policy committee’s…
Ghana’s economy grew by 4.7% year-on-year in the first quarter of 2024, up from 3.8% in the previous three-month
Moody’s Ratings has upgraded the long-term foreign-currency issuer rating of the Government of Zambia to Caa2 from Ca, the long-term local-currency issuer
Moody’s Ratings has downgraded the Government of Gabon’s local and foreign-currency long-term issuer and foreign-currency senior unsecured debt ratings to Caa2
IMF and the Kenyan authorities have reached a staff-level agreement on a set of comprehensive policies and