Zimbabwe cuts lending rate for the second time in 2023
Zimbabwe becomes the second African country to drop lending rates for the second time this year, after Angola.
State of fiat
Your fiat money is backed by the issuing government’s “full faith and credit.” What’s that worth these days?
State of fiat informs about the situation of your local currency.
Leading Zimbabwean trade body warns against full dollarization of the economy
76% of government spending is in U.S. dollars and could cause damage to Zimbabwe’s economy long term, the Confederation of Zimbabwe Industries wrote
Central African countries to ditch French colonial currency
The move follows widespread calls for a change of currency and to end French representation in key decision-making bodies
EU warns Tunisia over deteriorating economic and political situation
The economic crisis worsened following the suspension of the World Bank's new lending to Tunisia.
Inflation in Africa: Many countries continue to witness historically high consumer prices
While some countries recorded improved inflation figures, the cost of living across the continent remains prohibitively high.
IMF tells Ghana to stop borrowing from its central bank: report
The West African country must do this to access the loan it requested from the International Monetary Fund.
60% of African countries recorded lower consumer prices in December
Further contractions in consumer prices suggest that central banks’ tactics to curb inflation are productive.