Day: December 27, 2024

Zambia and Saudi Arabia have formalised a debt restructuring agreement to reschedule more than $130m of Zambia’s debt to the Arab nation, according to DNE Africa. The agreement was signed on Thursday in Lusaka by Zambian Minister of Finance and National Planning, Situmbeko Musokotwane, and Chief Executive Officer of the…

On Friday, the Egyptian pound exhibited renewed stability against the US dollar, holding onto its most recent decline as reflected in the rates of 17 banks. This stability comes in tandem with the Central Bank of Egypt’s Monetary Policy Committee’s decision on Thursday, to maintain interest rates unchanged. The overnight…