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Zambia has reached record-high foreign-exchange reserves of $4.31 billion but suffers from currency depreciation due to a historic drought and rising import demands, primarily in energy and agriculture. The kwacha’s …
Zambia’s Record-High FX Reserves Fail to Remedy Currency Issues Read More
Nigeria’s annual inflation rate fell to 23.2% in February, marking the second consecutive monthly decrease, with food inflation also decreasing. This decline could influence the Central Bank of Nigeria to …
Nigerian Inflation Decline Suggests Potential Rate Stability Read More
Peru’s central bank has maintained its key interest rate at 4.75% as it assesses the inflationary implications of global trade wars. Though inflation trends are favorable, concerns over financial market …
Peru Maintains Interest Rate Amid Global Trade Tensions Read More
Microsoft plans to invest US$297 million in South Africa by 2027 to enhance its cloud and AI capabilities. This investment contributes to a total of 20.4 billion rand already invested, …
Microsoft Announces US$297 Million AI Investment in South Africa Read More
Kenya’s inflation rate increased to a five-month high at 3.5% in February due to rising food prices. Core inflation held steady at 2%, but potential tax hikes could threaten the …
Kenya’s Inflation Hits Five-Month High Driven by Rising Food Prices Read More
The Public Investment Corporation of South Africa is actively exploring private credit as a growth avenue in Africa, having invested about 8 billion rand in recent years. The organization is …
Public Investment Corporation Seizes Private-Credit Opportunities in Africa Read More
Grupo Vanti, Colombia’s foremost natural gas distributor, will increase prices for consumers by up to 36% due to gas shortages necessitating import reliance. The imported liquefied natural gas is significantly …
Colombia’s Grupo Vanti Raises Gas Prices by 36% Amid Shortage Read More
As of December, Nigeria’s annual inflation rate nearly reached a 29-year high at 34.8%, with significant contributions from transportation costs. The National Bureau of Statistics plans to revise its methodology …
Nigeria’s Inflation Rate Nears 29-Year High Amid Data Revisions Read More
Argentina is poised to overtake Colombia as one of the top three crude oil producers in South America due to a shale-drilling surge, chiefly in the Vaca Muerta region. Government …
Argentina Set to Surpass Colombia in South America’s Oil Production Rankings Read More