The International Monetary Fund’s executive board has completed the third review of Mozambique’s three-year loan program, allowing for an immediate disbursement to Maputo of about $60.7 million, the fund said. The review brings total disbursements under the $456 million Extended […]
In December 2023, Ghana’s inflation dropped to 23.2%, a significant decline from the 26.4% reported in November 2023. The annual rate of food inflation eased to 28.7% and the non-food inflation rate slowed to 18.7%. Locally produced items experienced 23.8% […]
The International Monetary Fund’s executive board has completed the third review of Mozambique’s three-year loan program, allowing for an immediate disbursement to Maputo of about $60.7 million, the fund said. The review brings total disbursements under the $456 million Extended […]
Real estate sales in Dubai and Abu Dhabi collectively crossed 455.7 billion UAE dirhams ($124 billion) in 2023, boosted by a robust off-plan market that broke annual records, according to a new study. Data released by Property Finder, a UAE-based […]
Saudi Arabia’s petrochemical producers are staring at a few more quarters of squeezed margins as higher feedstock prices, lower product prices, and a supply glut have combined to brew a perfect storm for the industry. With the global economy expected […]
Seychelles has been listed as the richest country in Africa in the Global Finance Magazine edition released on December 21. According to the magazine, Seychelles is ranked 56th in the world and tops the list for African countries with a […]
The United States has officially struck off Uganda and three other African countries as beneficiaries of the African Growth and Opportunity Act (Agoa), effectively ending Kampala’s ability to export certain commodities to the US duty-free. In a decree dated December […]
Saudi Aramco has hiked retail diesel prices for 2024 by 53% to 1.15 riyals ($0.30) a litre from SAR 0.75, as part of its annual price adjustment. While the world’s oil producing company has raised prices for domestic consumers three […]
Argentina’s new President, Javier Milei, has withdrawn the country from its planned entry into the expanding Brics club of nations. In a letter to the leaders of Brazil, Russia, India, China and South Africa, Mr Milei said decisions taken by […]
The BRICS group is on track to double its membership as Saudi Arabia, Iran, the United Arab Emirates, Ethiopia and Egypt join the bloc on January 1, 2024, according to South Africa’s envoy to the bloc. In August, the BRICS […]
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