Ethiopian Airlines earnings jumped
20% to $6.1 bln in the 2022/2023 fiscal year, despite the impact
of Russian-Ukraine war and the increase in fuel prices, the
country s state news agency reported on. | June 15, 2023
KIGALI, June 15 (Reuters) – Rwanda’s overall spending will increase by 5.6% in the 2023/2024 fiscal year to 5.03 trillion Rwandan francs ($4 billion) compared with the current period, finance minister Uzziel Ndagijimana said during a budget speech on Thursday. Ndagijimana said 63% of the budget would be financed by domestic revenues, while external loans would constitute […]
PRETORIA (Reuters) - Below are some quotes from South African Reserve Bank Governor Lesetja Kganyago on Thursday as he announced the central bank's decision to raise its main lending rate by 50 basis points to 8.25%. | 09:33am
South Africa's central bank raised its main interest rate on Thursday to a 14-year high, a move Governor Lesetja Kganyago described as "bitter medicine" needed to tame inflation.
Below are some comments from analysts and investors after the South African Reserve Bank (SARB) raised its main lending rate, also called repo rate, by 50 basis points to 8.25%.