Central banks across Africa, including Kenya and Nigeria, have raised interest rates to fight inflation and stabilize their economies. Nigeria’s rate hit 18%, aiming to reduce high inflation after several hikes since 2022. This move intends to make loans pricier and encourage savings, impacting living costs and goods’ affordability. Kenya surprised many by boosting its […]
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Brazilian Industry Confidence Drops in 18 of 29 Sectors
The industrial sector in Brazil faces a challenging landscape as business confidence declines across multiple segments. Recent data from the National Confederation of Industry (CNI) reveals a shift in the economic outlook for many entrepreneurs. This change reflects the complex interplay of factors affecting the Brazilian economy. In October, 18 out of 29 industrial segments […]
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