Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, views the recent surge in the naira positively, attributing …
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Africa News
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Africa NewsInternational NewsNews
Ethiopia-Djibouti railway earns $50m in 9 months
by Nada Aliby Nada AliThe China-built Ethiopia-Djibouti railway has been successful, generating 2.84 billion Ethiopian birrs ($50 million) in revenue in …
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Africa NewsEgypt NewsFeatureFinancial InstitutionsMoneyNews
African public health indicators at risk – Egypt’s FinMin urges action
by Nada Aliby Nada AliEgypt’s Finance Minister Mohamed Maait has raised concerns about worsening public health indicators across Africa driven by …
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South Africa saw a slight dip in headline inflation to 5.3 per cent in March from February’s …
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Africa NewsBanksFeatureMoney
Zimbabwe hopes new ZiG currency to stabilise market
by Aya Anwarby Aya AnwarThe Zimbabwean government introduced a new currency, ZiG, backed by gold reserves and foreign currency to address …
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Nigeria’s headline inflation surged to 33.20 per cent in March, up from February 2024’s 31.70 per cent, …
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Ghana failed to reach a deal with international bondholders to restructure $13 billion of debt, which hinders …
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Africa NewsFeatureforex newsThe Watch
Zimbabwe’s new ZiG debuts trading at 13.56 vs USD on Monday
by Aya Anwarby Aya AnwarZimbabwe’s new currency, ZiG, debuted in trading on Monday amid challenges with the nation’s sixth attempt to …
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Guyana faces setbacks in utilising its natural gas reserves for a power plant, potentially costing the nation …
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Africa NewsBanksFeatureFinancial InstitutionsMoney
Paris Club pushes Ethiopia’s IMF deal deadline to June
by Aya Anwarby Aya AnwarThe Paris Club, a group mainly comprising developed country creditors, reportedly extended Ethiopia’s deadline to secure a …