Tag: markets
Ethiopia’s Birr Faces Record Low Amid $2.2B Defense Effort
Ethiopian birr hits record low as $2.2B defense effort fails to stem its slide, reaching nearly 162 to the dollar.
South Africa’s Inflation Rate Falls to 4.3% in July, a Five-Month Low
South Africa's inflation rate drops to 4.3% in July, a five-month low, signaling potential cost-of-living relief.
AGOA Extension Offers Temporary Relief for South African Exporters
AGOA extension grants 2-year respite for SA exporters, crucial for duty-free US market access.
Geregu Power’s $4.4M Bond Default Amidst $23M Deposit Mystery
Geregu Power defaults on $4.4M bond despite $23M deposit, loses A- rating.
RCL Foods Warns of Up to 35% Earnings Decline Amid Industry Challenges
RCL Foods predicts 30-35% EPS drop, citing sugar biz struggles and pet food disruptions.
Ethiopian Airlines Faces $90M Trapped Overseas
Ethiopian Airlines faces $90M revenue trap overseas, highlighting Africa's aviation industry's $1B blocked-funds crisis.
South Africa’s Economic Pulse: Fuel Price Hikes and Inflation’s Rising Tide
South Africa's July inflation to soar, revealing fuel's inflationary impact & retail resilience.
Gabon’s Independence Fair: A Mixed Bag of Economic Hope and Hurdles
Gabon's Independence Fair showcases local wares, with mixed results for entrepreneurs, from affordable purées to upscale linens.
North Africa Tops in Africa’s ‘Peak Happiness’ Income Threshold
North Africa's 'Peak Happiness' income threshold is highest in Africa, revealing economic disparities.
Ethiopia, Nigeria, and Rwanda at the Lower End of Global ‘Peak Happiness’ Income Thresholds
Ethiopia, Nigeria, Rwanda reach 'peak happiness' at low income levels, trailing global averages by over 90%.
