RBZ Deputy Governor projects significant interest rate reductions, with rates potentially falling to between 11% and 20%, bolstered by the new Zimbabwe Gold currency.
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Economy
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The South African rand held steady in early trading on Monday, as investors cautiously navigated turbulent global markets. Amidst lingering uncertainty surrounding geopolitical tensions and economic indicators, the rand’s stability …
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Capitec Bank expects loan losses to meet targets by 2025, following a robust profit increase and tightening credit criteria, shares surge 7.43%.
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Zimbabwe introduces the ZiG currency, aiming for economic stability through strict fiscal discipline, increased transparency, and active citizen participation.
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Amidst growing tensions in Mali, a prominent civil society group has petitioned the country’s Supreme Court to invalidate the military junta’s recent ban on political activities. The move underscores the …
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Ghana’s Finance Minister, in a recent statement, has expressed optimism regarding the imminent signing of a Memorandum of Understanding (MOU) with bilateral lenders, marking a significant step forward for the …
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Zimbabwe’s introduction of the new ZiG currency delays its anticipated IMF programme, aiming for stabilization before re-engaging with global financial institutions.
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On Zimbabwe’s Independence Day, President Mnangagwa linked civil servant salary reviews to economic recovery, leaving many in continued financial uncertainty.
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South Africa’s Finance Minister rules out using contingency reserves to bailout struggling state firms Eskom and Transnet, focusing instead on national debt reduction.
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Nigeria secures a crucial gas supply deal with Shell for the upcoming $3.8 billion Brass methanol project, aiming to enhance its energy sector and economic growth.