Five months after its launch, Zimbabwe’s new currency is under strain as grain imports deplete foreign reserves, threatening the government’s ambition to make it the only...
An Africa-focused crypto trading platform, Paxful has announced it is shutting down its operations in the continent and has asked users to immediately withdraw their funds...
In this video, Nigeria’s Central Bank governor, Godwin Emefiele speaks on the apex bank’s plans to introduce new designs of the N200, N500, and N1,000 notes...
The Ghanaian Cedi has been officially designated as the world’s worst-performing in 2022 as investors continued to squeeze foreign capital into the West African country, according...
The Central Bank of Burundi has lifted a ban it imposed on foreign exchange bureaus in the country in February after the operators met the conditions...
The Malawian Reserve Bank has revealed that the country is facing acute shortages of foreign exchange currency, forcing two international airlines to suspend some of their...
The Zimbabwean government has ordered comnercial banks in the country to stop lending money to government at all levels, businesses and individuals with immediate effect, in...
In a move to strengthen its local currency – Cedis, and fortify the Ghanaian economy, the Ghanaian government has banned spending and transaction of businesses in foreign...