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Kenya’s foreign-exchange reserves dropped to the lowest in seven years, breaching the critical level of four months’ import cover.
Ghana’s ruling party said it struck a deal with about two-thirds of its lawmakers to suspend their demand that Finance Minister Ken Ofori-Atta quit so he can present the nation’s annual budget on Thursday.
German police are appealing for witnesses after thieves broke into a Bavarian museum on Tuesday night and made off with a horde of nearly 500 ancient gold coins worth several million euros.
Nigeria plans to continue hiking its benchmark interest rate until it closes the gap with accelerating inflation in Africa’s largest economy.
Kenya’s central bank slowed the pace of rate hikes at its final meeting of the year, while citing an ongoing need to anchor inflation expectations.
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