Africa
Namibia cuts lending rate to 6.75% to support growth
Namibia's central bank cut its benchmark lending rate by 25 basis points to 6.75 percent Wednesday, citing the need to…
Egypt tourism revenue bounces back after crippling dollar shortage
Egypt tourism receipts almost tripled and worker remittances rose in the last three months of its fiscal year, marking another…
Mozambique cuts key lending rate to 22.5%
Mozambique’s Central Bank reduced its benchmark lending rate by 25 basis points to 22.5 per cent, the regulator’s website showed…
Swift decline in Rand as Zuma wins vote
The South African rand fell for a second day against the dollar after President Jacob Zuma survived a no-confidence vote…
World Trade Centre expert decries declining non-oil imports under AGOA
The World Trade Centre in Miami, Florida, has decried the declining trend of non-oil imports from sub-Saharan Africa to the…
Sri Lankan companies eye Africa as next investment destination, says Stax
STAX Inc, a strategy consultancy, says as African economies continue to grow, more opportunities will open up for Sri Lankan…
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