Suggestions

Report Focus News

Report Focus News

Africa - Page 6

zig

Zimbabwe – Shops Limit Sales as Currency Crisis Deepens

Shops across Zimbabwe have begun limiting customers to “one item per person” for essential products like milk, as panic buying sweeps the nation following another currency crisis. The country’s latest currency, the Zimbabwe Gold (ZiG), supposedly backed by physical gold, lost 43%
October 2, 2024
mthuli ncube

Zimbabwe MP Demands Answers on Gold-Backed Currency Slump

A Zimbabwean lawmaker has called on the country’s finance minister to explain why the nation’s new gold-backed currency has dramatically lost value, despite rising global gold prices. Itai Ndudzo, MP for Wedza North, raised the issue in parliament on Tuesday, requesting that
October 2, 2024
mushayavanhu zig 3

Zimbabwe sharply raises interest rates amid currency pressures

Zimbabwe’s central bank has dramatically increased its main interest rate from 20% to 35% in an attempt to stabilize the economy and curb inflationary pressures. The Reserve Bank of Zimbabwe announced the measure following a meeting of its Monetary Policy Committee (MPC)
September 27, 2024
·

US president Joe Biden to visit Angola next month

WASHINGTON, US – US President Joe Biden will travel to Germany and Angola October 10-15, the White House said on Tuesday, in what will be his first visit to Africa as president. Biden’s first stop will be Germany, where he will express
September 25, 2024
Ruvimbo Makumbe

New Digital Literacy Program Aims to Empower African Youth

A groundbreaking project aimed at empowering African communities through education and advocacy is making waves across the continent. The “Letters to Africa” initiative, spearheaded by digital marketing expert Ruvimbo Makumbe, is set to launch its online platform, promising to bridge cultural divides
September 23, 2024
mushayavanhu zig 3

Zimbabwe’s Central Bank Injects $64m to Stabilize Currency

The Reserve Bank of Zimbabwe has injected US$64 million into the foreign exchange market in September to stabilize the country’s currency, the Zimbabwe dollar (ZiG). In a press statement, the central bank said it had witnessed increased demand for foreign currency at
September 19, 2024
Nigeria jail 1200x675
·

Nigeria: Floods lead to mass prison escape in Maiduguri

Severe flooding in northeastern Nigeria has led to a mass prison break in Maiduguri, with 281 inmates escaping after floodwaters collapsed the walls of a correctional facility, authorities say. The Nigeria Correctional Services spokesperson, Umar Abubakar, confirmed the incident in a statement
September 17, 2024
1 … 4 5 6 7 8 … 277