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Euro Economy is Heading Toward a Golden Period

Euro Economy is Heading Toward a Golden Period

Europe is no longer the sick man of the world economy. The 19-nation bloc is already enjoying the strongest growth in a decade and now economists at Credit Suisse Group AG and Oxford Economics are declaring that it’s heading toward a golden period of low-inflationary expansion. The turnaround is striking for a region that plunged from […]

Intimidation Tactics Gagging Traders in Kenya’s Currency Market

Intimidation Tactics Gagging Traders in Kenya’s Currency Market

Kenya’s central bank is taking an unusual approach to protecting its currency: intimidation. Monetary authorities in Nairobi have been cracking down on selling, hedging and even making bearish predictions, according to traders and analysts. In a sign of the skittishness, none of 12 market participants contacted by Bloomberg spoke on the record, citing possible retaliation. […]

The Last Thing Kenya’s Economy Needs Is a Chaotic Election

The Last Thing Kenya’s Economy Needs Is a Chaotic Election

For Ike Ochiango, who sells long-life milk to informal traders in Nairobi’s sprawling Kibera slum, Kenya’s Aug. 8 presidential election is bad for business. “People are not buying,” says the 26-year-old, as he takes a break from pulling his makeshift handcart laden with cartons along a rutted dirt road in the traffic-choked capital. “They are […]

The Charts Showing Why Ghana Central Bank May Cut Interest Rates

The Charts Showing Why Ghana Central Bank May Cut Interest Rates

Ghana’s central bank may cut its key interest rate for a third straight meeting with inflation at its slowest in four years and a strengthening currency. Consumer-price growth has tumbled 7.1 percentage points since reaching an all-time high of 19.2 percent in March last year. While the cedi weakened to a record low against the […]

Cement Price To Fall Soon As Cost Of Production Drops

Cement Price To Fall Soon As Cost Of Production Drops

Prospective house builders and the construction industry will have reasons to smile soon as cement manufacturers have put the machinery in motion to bring down the price of the product. Making this disclosure at the State House, Abuja Thursday after a meeting with Acting President Yemi Osinbajo, the Chairman of BUA Cement, Alhaji Abdulsamad Isyaku Rabiu, said […]

Inflation Rises In Uganda

Inflation Rises In Uganda

Uganda’s inflation has continued to trend upward for a second consecutive month, fuelled by rising food crop prices, that have seen annual headline inflation for the year ending April 2017 rising to 6.8 per cent compared to 6.4 per cent for the year ended March 2017. According to Uganda Bureau of Statistics (Ubos), the increase […]

Nigeria Inflation Eases For First Time In 15-months In Feb: Stats Office

Nigeria Inflation Eases For First Time In 15-months In Feb: Stats Office

Nigeria’s inflation rate bucked the trend in February to fall to 17.78 percent, its lowest level in 15 months, driven by a slower rise in general price levels, the National Bureau of Statistics said on Tuesday. Inflation had risen to 18.72 percent in January, its 12th monthly rise and its highest level in more than […]

Egypt’s Feb Annual Urban Consumer Price Inflation Hits 30-yr High

Egypt’s Feb Annual Urban Consumer Price Inflation Hits 30-yr High

  Egypt’s annual urban consumer price inflation soared to its highest level in more than three decades, hitting 30.2 percent in February, the statistics agency CAPMAS said on Thursday. It’s the fourth consecutive jump in inflation since the central bank abandoned its currency peg to the U.S. dollar on Nov. 3 in a dramatic move […]

Nigerian Inflation Rose To 16.5 Percent In June: Statistics Office

Nigerian Inflation Rose To 16.5 Percent In June: Statistics Office

Annual inflation in Nigeria accelerated to 16.5 percent in June, data showed on Monday, its highest in almost a decade and the fifth monthly increase in a row, as the crisis in Africa’s biggest economy deepens. The rise reflected higher prices for electricity, transport and food, a separate index for which rose to 15.3 percent […]

We Didn’t Approve Increase In Airfares – NCAA

We Didn’t Approve Increase In Airfares – NCAA

The Nigerian Civil Aviation Authority (NCAA) has denied approving the increase in domestic airfares, saying all tariffs for airlines’ services, including fares, rates, add-on charges or terms and conditions of service have been liberalised. This came after reports that the NCAA had authorised airlines to increase their fares. According to a statement by the agency, […]

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