DAKAR, June 20 – Nigeria’s Central Bank Governor Lamido Sanusi said on Monday that inflation risks in Africa’s most populous state remained high and that there was no choice but to focus on tightening monetary policy.
Category: business
Rate increases loom as S.Africa inflation quickens
JOHANNESBURG, June 22 – South African consumer inflation accelerated more than expected in May, boosting chances the Reserve Bank might start lifting interest rates before the end of the year rather than early in 2012.
Nigeria to lift 1-yr debt rule for foreign holders
LAGOS, June 23 – Nigeria will lift a requirement that foreign investors hold government debt for at least one year on July 1 in a bid to attract new investment and help stabilise the currency, the central bank said on Thursday.
Kenyan c.bank says has acted on fx speculation
NAIROBI, June 23 – Kenya’s central bank has taken unspecified action against some commercial banks to curb speculative positions versus the currency of east Africa’s largest economy, its governor said on Thursday.
African business agenda 27-30 June 2011
WHAT TO WATCH NEXT WEEK
Egypt withdraws request for IMF, World Bank loans
Egypt has withdrawn its loan request to the International Monetary Fund and the World Bank, an adviser to Finance Minister Samir Radwan told AFP on Saturday.
Malema: Minister must prep mines – South Africa
Johannesburg – Minerals Minister Susan Shabangu should start preparing the mining sector “psychologically” for nationalisation, ANC Youth League president Julius Malema said on Thursday. The league further expected Shabangu to be the first to explain “to our people why we are nationalising”, Malema said during an interview on SAfm.
Africa more attractive to Indian investors
Johannesburg — A reduction in red tape and an improvement in political conditions means that sub-Saharan Africa is becoming a more attractive destination for foreign direct investment, especially from India.
AgriBusiness Forum 2011, in Johannesburg in October
AgriBusiness Forum 2011 announced as EMRC International focuses on engaging the private sector in Africa’s Agri-food development.
African business agenda: 15-16 June
Wednesday June 15 South Africa retail sales for April. Growth in retail sales slowed to 5.1 percent the previous month. (1100 GMT) Rwanda inflation for May. Consumer inflation rose 1.4 percent in April from the previous month.