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April 19
Nigeria: Naira Abuse - Bobrisky's Conviction Selective Justice - Salami
Vanguard
Abuja-based public interest lawyer Barrister Temi Salami has criticized the Nigerian judiciary for what he perceives as a focus on minor offences over more significant cases of… Read more »
April 18
Nigeria: Naira Gains At Official Market Amidst Depleting Reserve
Premium Times
Market data published on the FMDQ website on Wednesday indicated that the naira closed at N1,072.74 against N1,148.14 recorded in the previous market session on Tuesday. Read more »
Nigeria: BDCS Now Buying Dollar At N980 - - Abcon President
Daily Trust
The Association of Bureau De Change Operators of Nigeria (ABCON) said the Bureau De Change (BDC) operators were buying dollars at N980/$ at the open market and selling at N1,020/$. Read more »
Zimbabwe: Illegal Forex Currency Dealers Chief Threat to Zig
The Herald
As the country embraces the new ZiG currency, it is important that we preserve its value for the economy to grow and, ultimately, lift the living standards of Zimbabweans. Read more »
April 17
Nigeria: Naira Dips to N1,050 As Foreign Reserves Deplete to 7-Year Low
Leadership
The value of the naira rescinded some of its gains yesterday selling at N1,050 to the dollar at the parallel market, as the external reserves of the country declined to its lowest… Read more »
Egypt: Dollar Exchange Rate Stable At Beginning of Wednesday's Transactions
Egypt Online
The dollar exchange rate was stable at the start of Wednesday's transactions at Egypt's major banks. Read more »
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Kenya: M-Pesa: A Growing Fintech Power in Kenya
InfoWire
M-Pesa's impact on the Kenyan banking market and the North African region in general have been spectacular. Since its inception in 2007, it has developed into a fintech power in… Read more »
Nigeria: Naira Abuse - 'No More Spraying of Money', Portable Begs EFCC
Vanguard
Street-pop artiste, Habeeb Okikiola, popularly known as Portable, has appealed to the Economic and Financial Crimes Commission (EFCC) to forgive him for spraying money on his… Read more »
Nigeria: Naira Abuse - EFCC to Arraign Cubana Chief Priest Today
Leadership
Economic and Financial Crimes Commission (EFCC) will today arraign a businessman and socialite Pascal Okechukwu, also known as Cubana Chief Priest, before the Federal High Court in… Read more »
Nigeria: Naira Appreciation Will Impact Inflation Between Three to Six Months - - Teriba
Daily Trust
The chief executive of Economic Associates, EA, Dr Ayo Teriba, has said the recent Naira appreciation will impact the country's inflation between three to six months. Read more »
April 16
Zimbabwe: Zimbabwe's New Gold-Backed Currency Sliding On Black Market
VOA
Zimbabwe's recently introduced gold-backed currency is sliding on the local black market but officials insist the currency is getting stronger and has a bright future. Columbus… Read more »
Kenya: Kenya's Shilling Is Gaining Value, but Don't Expect It to Last - Expert [analysis]
The Conversation Africa
Shortly after Kenya's 2022 elections, the shilling depreciated rapidly against the US dollar - the country's main currency for international transactions - fuelling a wave of… Read more »
Zimbabwe: Mutsvangwa Slams Anti-Govt Economists, Supports ZiG Currency
263Chat
Zanu-PF national spokesperson Christopher Mutsvangwa has launched a scathing attack on anti-government economists who have been critical of the new ZIG currency. Read more »
Zimbabwe: Effective Action Needed to Tame Black Market
The Herald
The foreign currency black market in Zimbabwe can be a major nuisance, and can, as it has done in the past, distort economic dealings and open opportunities for those who wish to… Read more »
Zimbabwe: Stable Currency Crucial for Manufacturing Sector Growth
The Herald
In the complex web of economic progress, the manufacturing sector is fundamental, serving as a pivotal force that converts raw materials into products essential for driving… Read more »
April 15
Zimbabwe: Zimbabwe's Gold-Backed Currency Surges Amid Market Skepticism
New Zimbabwe
Zimbabwe's newly launched gold-backed currency, known as the Zimbabwe Gold (ZiG), has hit the ground running, gaining 1.1 percent against the U.S. dollar in its first week of… Read more »
Nigeria: Nigeria's Inflation Hits 33.20 Percent Amid High Food Prices
Premium Times
The food inflation rate in March 2024 quickened to 40.01 per cent on a year-on-year basis Read more »
Nigeria: Naira Surges Against Dollar, Hits 5-Month High
Leadership
The Naira experienced a significant rally against the US Dollar, breaking through critical resistance levels to trade below N1,000 in some segments of the black market as of late… Read more »
April 14
Nigeria: Naira to Emerge Best Performing - Goldman Sachs
Leadership
With the value of the naira already stronger at around N1150 to the dollar at the parallel market, a big jump from the low of N1890 which it was earlier this year, Goldman Sachs… Read more »
April 12
Zimbabwe: RBZ Governor Assures Public On Financial Stability Amid ZiG Introduction
263Chat
Reserve Bank of Zimbabwe (RBZ) Governor Dr. John Mushayavanhu has re-affirmed the Central Bank's commitment to financial stability in the country following the introduction of the… Read more »
Zimbabwe: Debunking Misinformation and Disinformation - What the RBZ Is Saying About ZiG
263Chat
On 5 April 2024, the Reserve Bank of Zimbabwe (RBZ) Governor, Dr John Mushayavanhu, announced the Zimbabwe Gold (ZiG) as the new currency to replace the inflation-battered Zimbabwe… Read more »
April 11
Zimbabwe: Zimbabwe's New Gold-Backed Currency Gets Off to a Chaotic Start
RFI
Zimbabwe's new gold-backed currency is designed to fight inflation and wean the economy off the US dollar, but it has suffered a chaotic start with shops accepting only US dollars… Read more »
Zimbabwe: Muswere Calls On Media to Support Zim's New Currency
The Herald
The successful adoption of Zimbabwe's new currency Zimbabwe's Gold ( ZiG) , is hinged on the positive coverage given by media practitioners, Information, Publicity and Broadcasting… Read more »
April 10
Zimbabwe: ZSE Re-Bases Indices On Currency Changes
The Herald
The Zimbabwe Stock Exchange (ZSE) has re-based indices following the introduction of the new structured currency Zimbabwe Gold (ZiG), as espoused in the 2024 Monetary Policy… Read more »
East Africa: East Africa Mulls Us Dollar Securities to Cushion Investors
The Herald
East African stock market chief executives are considering a policy shift to allow them to issue debt instruments in hard currency to open competition with commercial banks over… Read more »
Zimbabwe: Zimdollar Remains Legal Tender Until Month-End - RBZ
The Herald
The Zimbabwe dollar remains legal tender for all domestic transactions until April 30, when the Zimbabwe Gold (ZiG) notes and coins will come into circulation, the Reserve Bank of… Read more »
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