Topic
African economies
2 stories related to this topic, newest first.
stock-ai.com / Wikimedia (CC BY-SA 4.0)finance4 days agoUpdated
Botswana Raises Interest Rates Amid African Inflation
Botswana's central bank raised its main interest rate to combat inflation fueled by the Iran war and rising oil prices. A U.S. Federal Reserve official warned of potential rate hikes if Middle East conflicts cause larger price shocks. Kenya seeks emergency World Bank funds to mit…
AF
koreatimes.co.krworld18 days ago
Kenya Requests Emergency Funds from World Bank Due to Iran War Effects
Kenya has sought emergency funding from the World Bank to mitigate the economic impact of the Iran war on African nations. The continent relies heavily on imported oil and gas, with rising fuel costs affecting regional economies. A jet fuel shortage is prompting some airlines to…