Breaking news and insights at nigerianewsservice.com
South Africa’s government auctioned 275 million rand ($15.21 million) in inflation-linked bonds for 2031 and 2038 on Friday, reflecting ongoing financial strategies to manage inflation and attract investors. On Friday, …
South Africa Auctions 275 Million Rand of Inflation-Linked Bonds Read More
Mozambique’s Net International Reserves rose to $3.740 billion in December, marking a recovery following declines in October and November. Despite earlier decreases, reserves are aimed at ensuring economic stability. Governor …
Mozambique’s International Reserves Increase in December After Declines Read More
Fitch Solutions projects Ghana’s primary income deficit to hold at 3.1% of GDP, aided by successful debt restructuring efforts. This includes a $3.5 billion reduction in external debt servicing through …
Ghana’s Primary Income Deficit to Remain Low Amid Debt Restructuring Efforts Read More
The Tanzanian shilling, after a brief rally in December 2024, is depreciating against the US dollar due to increased import demands and reduced exports. Economic pressures, including rising fuel imports …
Factors Behind the Depreciation of the Tanzanian Shilling Against the US Dollar Read More
The National Bank of Kazakhstan raised its key interest rate to 16.5 percent to address rising inflation, which hit 9.4 percent in February. The decision aims to manage inflation risks …
Kazakhstan’s National Bank Increases Key Interest Rate to Combat Inflation Read More
The Tanzanian shilling has depreciated from a strong position against the US dollar in late 2024, influenced by rising import demands and disruptions in agriculture and mining. Analysts suggest that …
Factors Behind the Depreciation of the Tanzanian Shilling Against the US Dollar Read More
Fitch Ratings downgraded Colombia’s credit outlook to negative due to fiscal concerns, affirming its BB rating. The central government’s fiscal deficit stood at 6.8% of GDP last year, surpassing expectations. …
Fitch Reduces Colombia Outlook to Negative Over Fiscal Deterioration Read More
Brazilian fintech Meliuz has announced a strategy to allocate part of its cash reserves in Bitcoin, possibly making it a key asset in its treasury. Shares rose over 25% following …
Meliuz Implements Bitcoin Reserve Strategy, Boosting Stock Value Read More
The Jordanian housing market is facing a downturn during Ramadan due to rising construction costs and high interest rates, which hinder buyer affordability and access to financing. Experts believe that …
Market Uncertainty in Jordan’s Housing Sector Amid Ramadan Slowdown Read More
The IMF is assisting Senegal in rectifying debt misreporting issues from a previous administration, essential for future financial aid discussions. This follows disclosures that misrepresented debt figures, resulting in declining …
IMF Collaborates with Senegal to Address Debt Misreporting Issues Read More