Central Bank
latest news & developments
Malawi’s gold reserve strategy reversed amid forex difficulties
The Reserve Bank of Malawi (RBM) sold approximately 590kg of artisanal gold in 2026 to secure funds for fuel imports, despite previous commitments to retain it as a strategic…
‘I am not clear what ill the state bank would try to cure’ – Kganyago
The governor of the Reserve Bank asks what role a state bank would play in a country where more than 80% of the population has access to financial services
Savings rise amid Covid fallout
Low interest rates usually encourage spending, but uncertainty created by the pandemic has driven people to save their cash in hard times
Reserve Bank keeps repo rate unchanged
The South African Reserve Bank cautioned that if it was not for load-shedding, the country’s economy could have been stronger
South Sudan’s forex shortage highlights broader economic crisis
South Sudan has nearly run out of foreign currency – and this is just the tip of a much bigger economic crisis.
CPI drops to its lowest level in eight years
The low consumer price inflation could lead the central bank to cut interest rates, says economists
Central banks are waking up to climate change dangers. It’s about time
To deal with climate change, central banks may have to encourage financial institutions to favour certain types of activities over others
Nigeria orders MTN to refund $8.13bn
This sanction is the latest to hit MTN since it began operations in Nigeria 17 years ago
Zim: Mobile bank shakes up industry
The recently launched mobile banking platform EcoCashSave could further shake a banking sector already reeling under financial strain.
South Africa sells $2-billion of government bonds
South Africa has sold $2-billion of 12-year bonds in overseas debt markets after boosting the size of the offering.
Economic week ahead: Chinese data to dominate
A slew of data from China and central bank decisions in the UK, Australia and Kenya will likely dominate this week’s economic news.
Marcus: Further rate cuts should not be taken as a given
Gill Marcus has stated that further easing on interest rates can’t be taken for granted, and are contingent on inflation and global conditions.
Botswana CEO Mogae to exit the boardroom
Festus Mogae is to stand down as Botswana’s president on Tuesday after a decade in which his country cemented its status as one of Africa’s success stories despite fears it could…
Warring Sri Lanka marks 60 years of independence
With a parade of tanks, troops and rocket launchers, Sri Lanka on Monday marked its 60th anniversary of independence from Britain amid tight security after a string of attacks…
Zimbabwe inflation hits record high
Zimbabwe’s inflation hit a record 26 470,8% in November 2007, Reserve Bank Governor Gideon Gono said in a monetary policy statement on Thursday. The figure rose from 7 982,1% in…