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Tag: US DOLLAR

Business / Companies / economics

South Africa Executes 1 Billion Rand Sale of Inflation-Linked Bonds at Auction

February 28, 2025February 28, 2025 - by Victor Santos - Leave a Comment

South Africa’s government sold 1 billion rand ($54.05 million) of inflation-linked bonds maturing in 2033, 2043, and 2058 at a recent auction. This sale is part of efforts to manage …

South Africa Executes 1 Billion Rand Sale of Inflation-Linked Bonds at Auction Read More
Business / Companies / economics

Zimbabwe Monthly Inflation Decreases to 0.5% in February 2025

February 27, 2025February 27, 2025 - by Victor Santos - Leave a Comment

In February 2025, Zimbabwe’s monthly consumer inflation decreased to 0.5%, down from 10.5% in January. Price growth for food and non-food items also slowed significantly. The central bank upheld its …

Zimbabwe Monthly Inflation Decreases to 0.5% in February 2025 Read More
Business / Companies / economics

Zambia’s Currency Under Pressure While Others Show Stability

February 27, 2025February 27, 2025 - by Victor Santos - Leave a Comment

Zambia’s currency faces ongoing pressure while Nigeria, Ghana, and Uganda are likely to remain stable. Nigeria’s naira is rangebound due to central bank interventions, Ghana’s cedi is stable amid weak …

Zambia’s Currency Under Pressure While Others Show Stability Read More
Business / Companies

Kenya Initiates Buyback of 2027 Eurobond to Enhance Debt Management

February 27, 2025February 27, 2025 - by Liam O'Sullivan - Leave a Comment

Kenya’s government launched a buyback for its $900 million Eurobond maturing in May 2027, intending to smooth its debt maturity profile. The offer will be financed through new bonds and …

Kenya Initiates Buyback of 2027 Eurobond to Enhance Debt Management Read More
Business / Companies

Kenya Secures KSh194 Billion Loan Through New Eurobond Issuance

February 27, 2025February 27, 2025 - by Liam O'Sullivan - Leave a Comment

Kenya’s government has announced a KSh194 billion loan through a Eurobond offering, with a fixed interest rate of 9.5%. The oversubscribed issuance will refinance existing debt, notably a KSh116 billion …

Kenya Secures KSh194 Billion Loan Through New Eurobond Issuance Read More
Business / Companies / economics

Zimbabwe Central Bank Devalues Gold-Backed Currency by Over 40%

February 2, 2025February 2, 2025 - by Maya Chowdhury - Leave a Comment

Zimbabwe has sharply devalued its gold-backed currency, Zig, by over 40% against the US dollar due to rising demand for USD. This reflects ongoing economic instability and challenges in gaining …

Zimbabwe Central Bank Devalues Gold-Backed Currency by Over 40% Read More

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