By Emeka Chiakwelu strategist@afripol.org The bearish development of dollar the world primary and dominant reserve currency is something of a great concern. “The dollar slumped to a postwar low of 80.63 yen in April 1995, only to rally 26 percent in the following two years. The Dollar Index reached a 10-year low in […]
Financial crisis: IMF urges African countries to draw-down on reserves
THE International Monetary Fund (IMF), has advised African countries to maintain spending from their reserves through the current crisis period, to avoid a debt trap. Nigeria has already fallen back on its reserve, which rose to 67 billion dollars last year, but dropped to 48 billion dollars in April, due to falling prices of oil […]
Kenya Moves to Check Inflation
The Central Bank of Kenya, CBK, has made an upwards review of lending rates, which signals its intention to reduce the amount of excess cash in the economy, and seen as one of the factors driving ongoing surge of inflation. The bank said the monetary policy advisory committee, the outfit that advises the bank on […]
Improve your life with a budget
Think of your budget as your financial diet. Just as you may occassionally need to go on a weight-loss diet, you may occassionally need to tighten your monetary budget. For day to day living however, it should be about maintaining a healthy balance – allow yourself some treats but focus on good, healthy meals first […]