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News
Liberia: Ngafuan Projects 5.5 Percent Growth in 2026
46+ min ago (604+ words) MONROVIA — Finance and Development Planning Minister Augustine Kpehe Ngafuan says Liberia's economy continues to show signs of improvement, with economic growth projected at 5.5 percent in 2026 and domestic revenue collections reaching US$761.1 million by the end of June. Ngafuan said the…...
Nigeria: Senate Engages Financial Sector Stakeholders On Reforms, Economic Stability
2+ day, 8+ hour ago (673+ words) The Senate Committee on Banking, Insurance and Other Financial Institutions has intensified efforts to strengthen Nigeria's financial system, convening an expanded stakeholders' engagement with key financial sector regulators and experts to promote economic stability, financial inclusion and sustainable growth. The…...
Uganda: Fuel Hikes Threaten Central Bank Inflation Target
2+ week, 4+ day ago (597+ words) Kampala — Fuel prices continue to oscillate between 6,300 shilling (1.68 dollars) and 6,700 shillings per litre for both petrol and diesel, contributing most to the high average prices of goods and services in the second quarter of 2026. According to the Uganda Bureau of…...
South Africa: Reserve Bank Leaves Interest Rates Unchanged
2+ week, 6+ day ago (131+ words) [allAfrica] Cape Town -- The Monetary Policy Committee of the South African Reserve Bank voted to keep the interest rate unchanged, despite experts and the markets expecting a hike. South Africa: Reserve Bank Leaves Interest Rates Unchanged Cape Town — The Monetary…...
Nigeria: Cost of Preparing Pot of Jollof Rice Up 14.6 Percent in 11 Months - Report
3+ week, 5+ hour ago (1245+ words) The national average cost of preparing a pot of jollof rice in Nigeria rose from N25,798 in July 2025 to N29,578 in June 2026, an increase of 14.6 per cent, according to a new survey. This was disclosed in the SBM Intelligence Jollof Index Q2 2026 report,…...
Mozambique: Northern Mozambique Still Faces Poor Financial Service Coverage
3+ week, 2+ day ago (275+ words) Maputo — The Bank of Mozambique, in its role as regulator of the national financial system, has revealed that the country's northern provinces (Nampula, Cabo Delgado and Niassa) still face poor financial service coverage. In its 2025 Financial Inclusion Report, the Central…...
Mozambique: Airports of Mozambique Records Negative Share Capital of 857 Million Meticais
3+ week, 2+ day ago (156+ words) Maputo — The American Financial Consulting firm Deloitte has expressed uncertainty about the operational continuity of the publicly-owned company Airports of Mozambique as it recorded a negative share capital of 857 million meticais (13.4 million US dollars at the current rate) in 2025. According…...
Malawi Inflation Eases to 21.1 Percent in June As Food Prices Moderate
3+ week, 6+ day ago (169+ words) Malawi's headline inflation rate fell by 2.3 percentage points in June to 21.1 per cent, down from 23.4 per cent in May, according to the latest flash estimate from the National Statistical Office, marking a continuation of the disinflationary trend seen in recent…...
Malawi: Mwanamvekha Faces Reckoning As 'Recovery Budget' Forecasts Collapse
4+ week, 2+ day ago (686+ words) Barely three months after Finance Minister Joseph Mwanamvekha unveiled what government billed as a recovery budget to revive the economy and ease pressure on ordinary Malawians, the country's economic trajectory is moving in the opposite direction. The warning signs are…...
Somalia: When Cash Failed, Connection Became Currency
4+ week, 2+ day ago (1002+ words) In 1991, Somalia's central government collapsed. Public institutions weakened, national infrastructure was severely damaged, the formal banking system struggled, and confidence in national financial systems declined. For many Somalis, money became something physical, fragile, difficult to move, and sometimes difficult to…...