It was a busy week in Africa- with Monetary Policy Committees in Nigeria, Angola, Mozambique, Ghana, Kenya, Egypt and South Africa meeting to discuss whether to hike, cut or halt interest rates.

Nigeria's central bank on Tuesday raised its benchmark lending rate by 100 basis points, while Angola's central bank cut its main interest rate to 18.0% from 19.5%.

In South Africa, the Reserve Bank announced a 25 basis point hike, taking the current prime lending rate to 10.75%.

For more on this, Naledi Moleo spoke to financial analyst and senior partner at Development Finance Associates (DFA), Trevor Hambayi AND Isaac Abotebuno Akolgo who is a Research Associate and PhD Candidate at the Africa Multiple Cluster of Excellence, University of Bayreuth – Germany