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Zambia's Copper Output Declined Sharply, Falling Short of Annual Production Goal_SMM - Vimarsana News

Zambia's Copper Output Declined Sharply, Falling Short of Annual Production Goal_SMM

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.

Source: metal.com
Roaring inflation, weak currencies to spur rate hikes in Africa - Vimarsana News

Roaring inflation, weak currencies to spur rate hikes in Africa

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

African central banks to put brakes on hiking to prop recovery - Vimarsana News

African central banks to put brakes on hiking to prop recovery

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

Kenya Inflation Quickens as War in Ukraine Pushes Up Wheat Costs - Vimarsana News

Kenya Inflation Quickens as War in Ukraine Pushes Up Wheat Costs

(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.

Goldman, Absa see more Ghana rate hikes if cedi weakens further - Vimarsana News

Goldman, Absa see more Ghana rate hikes if cedi weakens further

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