Ridle Markus News Today

The flurry of decisions from the monetary authorities will likely see South Africa, Egypt, Morocco and Ghana keep rates steady.

The economic calendar on the continent is quite eventful this week with PMI numbers from Zambia and Mozambique still outstanding, inflation figures due from Mauritius and Uganda’s rates decision scheduled for Thursday.

Nigeria, South Africa and Ghana are among those projected to raise borrowing costs.

Output fell 7.4% to 364,089 tons in the first half of 2022, data from the Zambia Chamber of Mines showed.

Lusaka - Zambia: Zambia’s economic-growth targets for this year are looking shaky as its copper production plunges along with prices of the metal it relies on

According to the statistics the Zambia Chamber of Mines released on August 2, Zambia's copper production fell 7.4% year-on-year in the first half of 2022 to 364,089 mt.

Countries like South Africa and Kenya, which are more connected to global markets through asset flows, are poised to raise borrowing costs.

South Africa’s central bank will raise its benchmark interest rate this week. The only question is by how much?

(Bloomberg) -- Kenya’s inflation quickened in March stoked by higher food prices such as wheat due to the war in Ukraine, reversing a five-month easing trend. Consumer prices rose 5.6% from a year earlier, compared with 5.

The currency has weakened more than 17% against the dollar this year, making it the worst performer on the continent.