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Inflation is spiking in Zimbabwe (again)

31 Jul 2022 /  Jonathan Munemo
Why high interest rates aren’t the answer.

Africa’s free trade area offers promise for cities

31 Jul 2022 /  Astrid R.N. Haas
But only if there’s investment.

Industrial policy options for southern Africa

30 Jul 2022 /  Julius Gatune, Deon Cloete
A look at the way forward.

Yet another challenge to SA’s plan to ‘drive out 178 000 Zimbabweans’

29 Jul 2022 /  Ciaran Ryan
Third group takes legal action against the decision by Home Affairs to suspend the Zimbabwe Exemption Permit system.

Zimbabwe raises mines power tariff by 8% to meet production cost

28 Jul 2022 /  Godfrey Marawanyika, Bloomberg
Zimbabwe, which has the world’s third-biggest reserves of platinum-group metals, and also mines gold, diamonds and chrome, is targeting growth in the sector to $12 billion output by 2023.

Downward trend in Zambia inflation ends as currency impact wanes

28 Jul 2022 /  Taonga Clifford Mitimingi, Bloomberg
Consumer prices rose 9.9% in July from a year earlier, compared with 9.7% a month prior, interim Statistician-General Mulenga Musepa told reporters.

UK’s development-finance arm plans $6bn African investment

27 Jul 2022 /  Loni Prinsloo and Antony Sguazzin, Bloomberg
Over the next five years, at least 30% of BII’s total new commitments by value will be in climate finance, Nick O’Donohoe said.

Zimbabwe allows hemp use in medicines for first time

27 Jul 2022 /  Ray Ndlovu, Bloomberg
Seeking to boost income from cannabis as it gradually shifts away from tobacco, the main cash-crop.

Is monkeypox a pandemic?

24 Jul 2022 /  Kathryn H. Jacobsen
An epidemiologist explains why it isn’t likely to become as widespread as Covid-19, but is worth watching.

Mozambique extends suspension of Standard Bank from forex market

23 Jul 2022 /  Manuel Mucari and Bhargav Acharya, Reuters
SA lender was barred from some exchange-related activities in July 2021, for engaging in 'fraudulent activities'.

Africa CDC given authority to declare public health emergencies

21 Jul 2022 /  William Clowes, Bloomberg
Ogwell Ouma also said the continent has reported 2 031 suspected cases of monkeypox in 10 countries, with Nigeria adding 73 of these in the past week and Cameroon two.

Ghana lawmakers approve $750m loan from Afreximbank

21 Jul 2022 /  Moses Mozart Dzawu, Bloomberg
The facility is the first part of the $1 billion in loans that the government’s looking to wind up this month for the budget.

Zimbabwe retailers agree to price goods in multiple currencies

20 Jul 2022 /  Godfrey Marawanyika and Ray Ndlovu, Bloomberg
The decision was taken at a meeting between business leaders, and representatives from the central bank, Financial Intelligence Unit and finance ministry to discuss surging prices.

Two more African nations fall into distress as debt risks rise

20 Jul 2022 /  Selcuk Gokoluk and Henrique Almeida, Bloomberg
Three nations -- Russia, Sri Lanka and Belarus -- have already defaulted this year and Ukraine is seeking to delay payments on foreign debt.

AfDB approves $1.13bn for Africa farmers to churn out more

20 Jul 2022 /  Eric Ombok, Bloomberg
The funding will target 20 million small-holder African farmers, with a view to ending reliance on food imports from Russia and Ukraine, the lender said in an emailed statement.

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