Brazil Allocates Additional R$350 Million for Food Stockpiling Amid Inflation
Brazilian authorities plan to invest an additional R$350 million in CONAB to enhance food reserves, primarily for rice, beans, and...
Business
Caixa Seguridade Announces Secondary Share Offering Worth 1.32 Billion Reais
Caixa Seguridade has announced a secondary share offering of 82.5 million shares, controlled by Caixa Economica Federal. This move was...
Ghana’s Inflation Rate Projected to Reach 8% by Year-End, Says Ato Forson
Ghana's Minister of Finance, Dr. Cassiel Ato Forson, forecasts a reduction in the inflation rate to 8% ± 2% by...
Mozambique’s Mandatory Reserves Reach Record High of €4.4 Billion in 2024
Mozambique's banks' mandatory reserves hit a record €4.441 billion in December 2024, an increase of 15% from the previous year....
Ghana Risks GH¢6.4 Billion Revenue Loss from Potential Tax Cancellations
A KPMG survey indicates that Ghana could lose about GH¢6.4 billion if the government abolishes COVID-19 and E-Levy taxes in...
Former Credit Suisse Banker Sentenced in $2 Billion Mozambique Fraud Case
Andrew Pearse, a former Credit Suisse banker, has been sentenced to time served for his involvement in Mozambique's $2 billion...
Zimbabwe Central Bank Optimistic About Gold-Backed ZiG Currency
The Reserve Bank of Zimbabwe expresses confidence in the gold-backed ZiG currency as a viable alternative to the US dollar....
Depreciation of Naira Enhances Nigeria’s Economic Competitiveness to Record High
The depreciation of the naira has boosted Nigeria’s economic competitiveness to a 25-year high. According to Chatham House, the naira’s...
Egypt’s Inflation Rate Drops to 12.8% in February
Egypt's headline inflation fell to 12.8% in February from 24.0% in January, exceeding expectations amid easing price pressures. Monthly prices...
Transcorp Nigeria Reports Substantial Profit Surge Driven by Growth Strategy
Transnational Corporation Nigeria reported a 189% increase in profit after tax, reaching N94.08 billion for 2024, driven by a 107%...
