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Zambia Hikes Key Lending Rate to 10% From 9 5% to Tame Inflation

By Nicholas Bariyo Zambia s central bank hiked its key lending rate on Wednesday for the second time in a row by 50 basis points to 10%, citing spiralling inflationary pressure in Africa s.

Nicholas bariyoCentral bank governor denny kalyalyaBank governor denny kalyalyaEconomics africaDow jones

Manufacturing PMI sinks to lowest level since July 2021

Intensified rolling blackouts and the burning of trucks on the highways contributed to the new low of the PMI for July.

South africaSouth africanBureau for economic researchAbsa purchasing manager indexEconomic researchOxford economics africaEconomics africa

All eyes on repo rate after surprising inflation decrease

Will the MPC hike the repo rate or not? This is the question o everyone’s lips now that inflation fell to well below the Sarb upper limit.

South africaSouth africanArthur kampAfrican reserve bank sarbAfrican reserve bankNedbank group economic unitMonetary policy committeeSa reserve bank sarbInflation expectationsBureau for economic researchSouth african reserve bankSanlam investmentsEconomic researchEconomics africaOxford economics africaGroup economic unit

Mining and manufacturing under pressure in May

The temporary reduction in load shedding is not expected to do much for economic growth and an economic downturn is possible.

South africaOxford economics africaEconomics africa

Senegalese president Macky Sall rules out bid for third term

Candidate of ruling Benno Bokk Yakaar coalition set to have edge in February election

United statesFrancois conradieKarim wadeIdrissa seckAntony blinkenOusmane sonkoAbdoulaye wadeTortue ahmeyimKhalifa sallBenno bokk yakaarMacky sallAustralia woodside energy groupInternational monetary fundEconomics africaGrand tortue ahmeyimWoodside energy group

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