🎙Africa's clean energy shift promises security, green jobs, and development but faces hurdles.Â
🎙Gross foreign exchange reserves in South Africa increased to USD 61.721 billion from USD 60.932 billion.
🎙The Central Bank of Botswana slashed its benchmark interest rate by 25 bps to 2.40% at its meeting on December 7th 2023, pushing borrowing costs to the lowest since July 2022.
🎙Africa faces $25B annual loss from EU carbon tax, risking de-industrialization and reliance on raw exports.
🎙 The annual inflation rate in Rwanda declined to 9.4% from 12.9%.
🎙The annual urban inflation rate in Egypt decreased for the second straight month to a six-month low of 34.60% from 35.8%, after hitting a record high in September of 38.0%,
