Commercial banks are reported to be holding excess forex and were seeking customers to buy foreign currencies. Read more »
Since the naira began to appreciate following a sudden slide in the U.S. dollar price and other foreign currencies, exports to neighbouring countries such as Niger Republic, ... Read more »
The Governor of the Bank of Uganda, Emmanuel Tumusiime-Mutebile, has warm the public about the practice of "One Coin Digital" which claims to deal in a digital currency known as ... Read more »
The National Economic Council has demanded an immediate review of the foreign exchange policy. Naira currently exchanges for N510 to the dollar at the parallel market, while ... Read more »
Rating agency Standard and Poor's is still on course to downgrade South Africa's sovereign credit rating to junk status, according to analysts. Read more »
Collen Maine has called for the fall of the rand, saying its eventual resurgence will result in its control by the African National Congress Youth League. Read more »
As expatriates based in the neighbouring countries are flocking back home to celebrate Christmas, they are using many creative ways they have learned through a decade-long cash ... Read more »
The president, John Magufuli, has said the crisis is not real and those complaining are used to earning "dirty money". Read more »
Nana Akufo-Addo says his government will set up a special prosecutor's office to fight corruption but will try as much as possible to keep politics out of it. Read more »
The central bank's reluctance to use policy tools to stop the decline of the local currency is "legendary", says Addis Fortune. Read more »
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