Kenya's Central Bank Raises Benchmark Rate to 13 Percent amid Rising Inflation
TEHRAN (ANA)- The Central Bank of Kenya (CBK) raised its benchmark lending rate to 13 percent from 12.50 percent amid rising inflation.
Uganda's Central Bank Maintains Benchmark Rate at 9.5 Percent
TEHRAN (ANA)- The Bank of Uganda (BoU), the central bank, announced that it would maintain its policy rate at 9.5 percent, citing its continued effectiveness in controlling inflation.
Africa Suffering Dangerous Air Pollution Crisis
TEHRAN (ANA)- A new study highlights Africa’s severe air pollution crisis and calls for urgent, collaborative action involving global and regional stakeholders. Solutions proposed include air quality monitoring, clean energy investments, improved waste management, eco-friendly technology, and infrastructure development to reduce pollution and address its disproportionate impact on vulnerable populations.
Egypt's Central Bank Raises Interest Rates by 200 bps to Ease Inflation
TEHRAN (ANA)- The Central Bank of Egypt (CBE) raised its overnight interest rates by 200 basis points (bps) over uncertainty surrounding the inflation outlook.
Africa's Economy Projected to Grow 3.5 Percent in 2024 amid Multiple Challenges
TEHRAN (ANA)- Economic growth in Africa is projected to remain modest in 2024 with geopolitical tensions, climate crisis and debt sustainability risks clouding the outlook, the United Nations (UN) World Economic Situation and Prospects (WESP) 2024 report said.
South Africa's Inflation Continues to Drop
TEHRAN (ANA)- South Africa's inflation rate continued to fall in December last year, primarily driven by a reduction in food prices, official data showed.
South Africa Keeps Repurchase Rate Unchanged at 8.25 Percent
TEHRAN (ANA)- The South African Reserve Bank (SARB), the country's central bank, decided to maintain its repurchase rate at the current level of 8.25 percent as the country's inflation rate continued to fall.
Egypt, Jordan Ink Deal for Submarine Optical Fiber Cable
TEHRAN (ANA)- Egypt and Jordan signed an agreement to establish a joint submarine optical fiber cable linking the Jordanian city of Aqaba and the Egyptian city of Taba, according to a statement by the Egyptian Ministry of Communication and Information Technology.
Morocco Receives Record-Breaking 14.5 Million Tourists in 2023
TEHRAN (ANA)- Morocco received a record-breaking 14.5 million tourists in 2023, an increase of 34 percent compared with 2022, the kingdom's Ministry of Tourism, Handicrafts and Social and Solidarity Economy said.
Cote d'Ivoire's Pineapple Export Down 27 Percent in 2023
TEHRAN (ANA)- The pineapple industry in Cote d'Ivoire experienced a difficult year in 2023, according to an annual report by the Food and Agriculture Organization of the United Nations (FAO).