The International Monetary Fund(IMF) board has approved a new $172 million loan programme for Sierra Leone to help the West African country combat rising inflation and lacklustre economic growth.
Police fired tear gas to disperse protesters trying to tear down barricades on the Champs-Elysees in Paris on Saturday as hundreds converged on the city for new demonstrations…
The monetary policy committee of the Reserve Bank has decided to hike the repo rate by a quarter of a percentage point to 6.75%. This means that the prime lending rate will rise to 10.25%.
Various opposition groups, arguing that the situation is out of control, have proposed ways to remove the president in order to resolve the crisis.
The rand is trading weaker in line with other emerging market currencies as the greenback rebounded.
Inflation in Zimbabwe soared last month to its highest level since 2008, official data showed on Tuesday, after a severe dollar shortage led to a surge in prices of food, drinks and clothes.
Unlicensed foreign currency traders in Zimbabwe face up to 10 years in jail if convicted and loss of their money and assets when new exchange control rules are published this week, a senior government official said on Sunday.
In September rebel leader Berhanu Nega returned to Ethiopia to address tens of thousands of cheering supporters in a stadium in the capital, Addis Ababa.
Apple Inc has told its smartphone assemblers Foxconn and Pegatron to halt plans for additional production lines dedicated to its new iPhone XR, the Nikkei financial daily reported on Monday.
China is an attempt by Beijing to counter mounting criticism of its trade and business practices by bringing thousands of foreign companies together with Chinese buyers to demonstrate the importing potential of the world’s no.2 economy.