IMF Lists Top 10 African Nations with Highest Debt Burdens
The International Monetary Fund (IMF) has released a report identifying ten African countries grappling with substantial debt burdens. These nations, ...
Tag: Egypt
African Markets Dance to Different Inflation Beats: April 2024 Insights
In April 2024, African markets experienced distinct economic trends, marked by varying inflation rates across different countries. While Nigeria and ...
Egypt’s Currency Devalued Over 30% Following Significant Rate Increase
Egypt has initiated a significant devaluation of its currency, resulting in a depreciation of approximately 35%, subsequent to a massive ...
African Currencies Face Devaluation Amid Economic Challenges
A combination of economic and political factors has contributed to the weakening of several African currencies, including the naira in ...
South Africa Poised to Surpass Nigeria as Africa’s Largest Economy
In a recent update to its World Economic Outlook, the International Monetary Fund (IMF) has projected a brief economic ascent ...
Jumia Reports 28.1% Decline in Customer Base in Nigeria Due to Inflation Woes
Jumia, has unveiled its Q2 2023 financial results, revealing a substantial 28.1% reduction in its customer base as the impact ...
Egypt Records All-Time High Annual Inflation of 36.8% in June
Official figures released on Monday revealed that Egypt's annual inflation reached 36.8% in June, marking an all-time high for the ...
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