Day: September 9, 2023

Algeria's foreign exchange reserves reached nearly 85 billion dollars at the end of August 2023 compared to 60.9 billion at the end of December 2022. A performance due to the increase in hydrocarbon prices, which represents nearly 94% of the total Algerian exports.

Source: Africa News Agency

Due to a debt amounting to nearly 120 billion naira, Nigerian telecoms companies were preparing to cut off USSD services to banks. But an agreement was reached. Deposit banks have agreed to pay the 120 billion naira ($151.9 million) they owe to telecom operators and continue paying for USSD service.

Source: Africa News Agency

Senegalese GDP growth in the first half of the year is expected to increase from 5.3% to 4.1%. This situation can be explained by the tense socio-political situation which weighed on the activity of the trade and services sectors during the first half of this year. In the same vein, new inflationary pressures from some food staples and forecasts for average inflation in 2023 have been revised upwards from 5% to 6.1%.

Source: Africa News Agency