South African Inflation Forecast Dips Below Reserve Bank Target for 2025
The average inflation forecast for South Africa in 2025 has dropped to 4.3%, below the Reserve Bank's target. Current inflation...
Companies
Brazilian Lawmaker Proposes Bill to Regulate Bitcoin Salaries
Brazilian lawmakers are considering a bill by Deputy Luiz Philippe de Orleans e Bragança to regulate cryptocurrency salary payments. It...
MTN Group Revenue Decline Attributed to Naira Devaluation and Sudan Conflict
MTN Group has reported a declining revenue, primarily due to difficulties in Nigeria and Sudan, with service revenue falling by...
KCB Group Reports 65% Profit Surge and Resumes Dividends
KCB Group has reported a remarkable 65% increase in net profit to Ksh61.8 billion ($479.06 million) for the fiscal year...
MTN Faces Profit Decline Due to Nigerian Naira Devaluation
MTN's annual profit has sharply dropped due to Nigeria's naira devaluation, with headline earnings per share falling to 98 cents...
Uganda Returns to Commercial Banks Amid Diminished Credit Options
Uganda turns to commercial banks for borrowing as alternative financing sources diminish, with debt nearing $2 billion. This includes a...
Declining ATM Coverage in Mozambique Amidst Rising Digital Wallet Agents
Mozambique's ATM coverage has decreased for five years, reaching 7.4 ATMs per 100,000 adults. Conversely, the number of digital wallet...
Operational Postponement of Maragra Sugar Mill in Mozambique
The reopening of the Maragra sugar mill in Mozambique is delayed due to the Incomati River dam rehabilitation. This has...
Kenya Initiates Negotiations for New IMF Lending Program Following Current Deal Abandonment
Kenya is in discussions with the IMF for a new lending program after abandoning the current one due to increased...
Egyptian Exchange Concludes Monday with Declining Indices
The Egyptian Exchange closed on Monday with a decline in all major indices, ending with a market capitalization of EGP...
