Former president Nelson Mandela will become the first person to appear on the country's banknotes since the dawn of democracy. Read more »
The Central Bank governor has revealed the names of three banks that are alleged to have been responsible for the drastic decline of the shilling. Read more »
Should some senior government officials have their way, the country could soon find itself adopting the Chinese Yuan as its official currency. Read more »
The shilling lost one percent against the U.S. dollar on increased demand for the greenback from commercial banks signalling its loss of momentum against the U.S. currency. Read more »
The Central Bank of Nigeria (CBN) lowered the naira's target band against the dollar yesterday after months of monetary tightening steps to steady the local currency. Read more »
The decision by bank rating agency Moody's Investor service to downgrade the stability rating of South African banks from "stable" to "negative" demonstrated the "superficial" way ... Read more »
The East African Community Affairs minister says despite community states having some reservations in adopting certain policies, an agreement will be hammered out. Read more »
The formation of a single currency for the region may be extended pending solutions to a number of economic problems. Read more »
THE Central Bank of Nigeria (CBN) says it is now prepared to move the target band for the currency from the present +/- 3 per cent below or above N150 to the dollar to N155/156 to ... Read more »
The country's national carrier, Kenya Airways, says a recent announcement that passengers will be charged in dollars created the perception that travellers would have to exchange ... Read more »
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