Resources Per Country
- Burkina Faso
- Central African Republic
- Congo (Democratic Republic of the Congo)
- Cote d'Ivoire
- Equatorial Guinea
- Sierra Leone
- South Africa
Ghana's central bank announced its biggest ever interest rate hike on Monday as it seeks to slow rampant inflation that threatens to create a debt crisis in one of West Africa's largest economies, Reuters reported. The Bank of Ghana raised its main lending rate by 250 basis points to 17%, signaling an aggressive stance against the rocketing price of goods from flour to sugar to fuel, and against a depreciating local currency that has dented investor confidence.
A new bidding process for the rescue of provisionally liquidated South African Express will open this week based on a re-evaluation of the airline's "intangible assets," according to the legal representative of the provisional liquidators, ch-aviation.com reported. This comes ahead of a liquidation court hearing of the state-owned regional airline now set for July 4, 2022, after it was postponed seven times since the airline was provisionally liquidated in April 2020.
SA Rugby will take the opportunity in front of a governmental sports portfolio committee to lobby for the return of crowds on Wednesday, the Daily Maverick reported. SA Rugby has kept the sport afloat over two COVID-wracked years, but it won’t be able to survive another year like the previous two. That is the dire warning from the governing body, which it will take to Parliament when it does a regular update to the portfolio committee on sport.