In an effort to harness the vast potential of trade between African nations, the Presidents of Mozambique and Kenya convened in Maputo on August 11th. In a resounding call to action, the leaders underscored the importance of bolstering trade ties within the continent and leveraging existing tools and agreements to foster economic growth and development. … Read more
Mozambique, a nation grappling with economic dynamics, has witnessed a staggering 55.5% surge in its fuel import bill during the initial quarter of this year, a substantial escalation compared to the corresponding period in the preceding year. According to data meticulously compiled by the Bank of Mozambique (BoM), this financial transition saw the import costs … Read more
President Bola Tinubu’s recent order for the release of 225,000 metric tonnes of fertilisers, seedlings, and critical inputs to farmers in Nigeria is aimed at stabilising the surging food prices across the country. The continuous rise in food prices has exacerbated headline inflation, leading to a cost of living crisis and pushing many into poverty. … Read more
On Monday, July 31, 2023, the Minister of Finance, Ken Ofori-Atta, delivered the mid-year budget review in Parliament. This presentation was initially scheduled for July 25, then postponed to July 27, and finally took place on July 31. During his address, Mr. Ofori-Atta revealed that Ghana is currently making modest progress in revitalizing its economy, … Read more