The party led by former South African president Jacob Zuma has announced that they will be boycotting the country’s opening of parliament. The decision comes after Zuma’s party believes that the current government is illegitimate and does not represent the interests of the people. This boycott is seen as a major statement against the ruling party and is expected to create tension during the opening ceremony.
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Africa Central Banks Seen Cutting While They Can After Trump Win
Most African central banks are likely to lower interest rates over the next three weeks in response to concerns that Donald Trump's presidency could lead to a stronger dollar and higher US rates, affecting emerging markets. While some nations are expected to cut rates, others like Nigeria may hike them to combat inflation. The impact of Trump's policies on inflation, currency strength, and capital flows is prompting central banks across Africa to reassess their monetary...
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