Currency traders spent Tuesday looking for a reason to pick a side, and mostly did not find one. The dollar euro yen exchange rates barely moved in early Asian trade, even as a modest recovery in confidence helped higher-yielding currencies. The US dollar was flat at 158.56 yen, and the euro held near $1.12. Europe’s […]
Nigerians finally have a little good news on prices, though most will believe it when they see it at the market. The Nigeria inflation rate slowed to 14.63% in September 2026 from 15.39% in August, according to the National Bureau of Statistics. That is the third monthly fall in a row, and Nigeria inflation in […]
While much of the world frets over wars and trade tensions, one East African economy is quietly holding its nerve. The latest Tanzania GDP growth forecast from the International Monetary Fund points to growth of 6.0% in 2026 and 5.9% in 2027. The projections come from the October World Economic Outlook, titled “Resilience Under Strain, […]
The American currency refuses to cool off. The US dollar 18-month high is back in focus this week, and for African importers, borrowers and households, a strong dollar is never just a Wall Street story. What is pushing the dollar up The dollar index sat at 102.14 on Monday, not far from the 18-month peak […]
Investors opened the week with sweaty palms. Asian share markets started cautiously on Monday, held back by oil swings and a looming wave of company results that could test sky-high technology valuations. Why the mood is cautious Trade was thin, with Japan’s markets shut and the US on a partial holiday, ahead of earnings season […]
Investors in Johannesburg spent Thursday morning watching the clock rather than the screens. The South African rand was steady in early trade as the market waited for fresh manufacturing figures, helped by a muted dollar while investors weighed the chances of another US Federal Reserve rate hike this year. A Currency Barely Moving At 0549 […]
South Africa’s rand experienced renewed pressure against the U.S. dollar in September 2026 due to soaring oil prices, a rising greenback, and falling precious metal prices – all of which resulted in another shock to the nation. This news is especially significant as South Africa is a net importer of oil and has a strong […]
The price of Brent crude is approaching the level of $109 per barrel, which may add to the pressure on African economies that rely mostly on fuel imports as conflicts in the Middle East disrupt shipping through the Strait of Hormuz and the Red Sea. The price of Brent hit $109.97 on September 11 before […]
Unemployment Rate in South Africa has climbed sharply to 33.6% in Q2 2026, highlighting growing pressure on workers, businesses, and the country’s economy. South Africa is witnessing a greater level of unemployment, with the rate rising from 32.7% in the previous quarter, according to recent labour market data. From the above numbers, one can see […]
Among African investors, Fixed Deposits and Money Market Funds remain two of the safest methods of growing savings while not taking any investment risks. Fixed Deposit vs Money Market Fund Africa, These investments prioritize the preservation of the invested capital; however, both have different financial objectives. The choice of which method to use will depend […]
Many people indeed prefer fixed deposits because they involve relatively low risk levels and earn through investment. Best Fixed Deposit Interest Rates Africa, Fixed deposits offer interest rates that vary depending on various factors like the rate of inflation, interest rates, deposit amounts, and investment periods. The following countries are currently offering good returns on […]
