Zimbabwe rolls out new ZiG banknotes as the central bank pushes to stabilise the economy.
The Reserve Bank of Zimbabwe has unveiled a fresh set of Zimbabwe Gold (ZiG) banknotes in a bid to rebuild […]
Currencies
Currencies across Africa are stabilising, yet everyday prices remain dollar-linked.
At the height of its 2024 currency turmoil, Nigeria’s inflation climbed past 30 per cent. Following exchange-rate reforms, the naira
Gov’t pays GH¢10bn in DDEP interest, signals strong fiscal health
Government has paid GH¢10 billion in interest under the Domestic Debt Exchange Programme (DDEP), marking a major milestone in the
Nigerian banks approach the final phase of their recapitalisation push.
Nigeria’s banks are entering the last stage of their recapitalisation efforts, with lenders accelerating capital-raising activities ahead of the Central
Inflation in Uganda remains below target, prompting the central bank to keep interest rate at 9.75%.
Uganda’s central bank has held its main interest rate steady for the sixth consecutive meeting, pointing to global economic risks
Ghana to exit IMF programme with dignity, not as supplicant – President Mahama
President John Dramani Mahama has announced that Ghana is on course to exit its International Monetary Fund (IMF) programme by
Ghana Starts Gold Refining, Boosting Resource Sovereignty
Ghana has moved to capture greater value from its gold sector by launching local refining operations for artisanal and small-scale miners.
Land Seizures Defended by Zimbabwe’s President Amid Talks of Superiority
Zimbabwean President Emmerson Mnangagwa defended the country’s land reform, saying reclaimed land from colonial settlers was returned to Zimbabweans despite triggering decades of international sanctions. The government has pledged $3.5 billion to compensate displaced white farmers but has struggled to meet payment deadlines.
Ghana Reference Rate for February declines marginally to 14.58%; interest rate expected to drop
The Ghana Reference Rate (GRR), a key benchmark used by commercial banks in pricing loans, has dropped marginally to 14.58%
South Africa increases minimum wage by 5% to ease cost-of-living pressures.
South Africa announced on Tuesday that it will increase the national minimum wage by 5% starting 1 March, raising the hourly rate to R30.23 ($1.89) from the previous R28.79 ($1.80).