May 20
Zimbabwe: Zimbabwe's ZiG Crackdown Prompts Street Traders to Switch to Whatsapp
New Zimbabwe
Zimbabwe's street currency traders are abandoning their regular spots in city centres for messaging platform WhatsApp to evade arrest as the central bank and police crackdown on… Read more »
May 17
Zimbabwe: Govt Tightens Noose On Exchange Rate Violators
New Zimbabwe
TREASURY has intensified its blitz against illegal exchange rate traders and has equipped the central bank's Financial Intelligence Unit (FIU) with more resources so it "remains… Read more »
Ghana: Soaring Price of Tomatoes Causes a Stir On Social Media
Accra Times
Ranked 10th among 20 items with the highest inflation rates, fresh tomatoes have seen a substantial increase compared to the national inflation rate of 25%. Read more »
Zimbabwe: Suspected Forex Dealer Challenges Prosecution
New Zimbabwe
A suspected forex dealer, Albert Chekure who was arrested during the ongoing blitz against illegal money changers has challenged his prosecution saying no offence was committed as… Read more »
Nigeria: PMI Report - Strengthening of Naira Moderated Inflationary Pressure in April
This Day
Dike Onwuamaeze Read more »
Nigeria: FG Lists N4.214bn Savings Bonds On Ngx
This Day
The federal government has listed its April 2024 Savings Bonds worth N4.214 billion on the Nigerian Exchange Limited platform. Read more »
-
Africa: Explore Binance Coin (BNB): Your Essential Guide to the Heart of Africa's Crypto Ecosystem
InfoWire
Discover the roles and impact of Binance Coin (BNB) in Africa in this detailed guide—from its origins to its pivotal place in the continent's burgeoning crypto scene. Read more »
May 16
Tunisia: 16 Local Banks Sign Syndicated Foreign Currency Loan Agreement to Finance State Budget
Tunis Afrique Presse
A syndicated foreign currency loan agreement with 16 local banking institutions for a total amount of TND 570 million (€156 million and $16 million) was signed on Thursday… Read more »
May 15
Nigeria: Nigeria's Economic Struggles - Is the Crypto Crackdown a Convenient Scapegoat? [opinion]
Vanguard
The naira to USD exchange rate has surged past 1,500, marking an unprecedented low for Nigeria's currency. As Nigerians grapple with the economic fallout, the government finds… Read more »
Namibia: Swapo Company Denies Bankruptcy Claims
Namibian
The managing director of Gendev Fishing Resources, a fishing company partially owned by Swapo, says allegations that the company is on the brink of bankruptcy circulating on social… Read more »
Nigeria: Despite Naira Gain in April, Inflation Surged to 33.69 Percent
Daily Trust
Despite the naira making considerable gains in April, the prices of goods and services escalated reaching a new figure of 33.69 percent. Read more »
Nigeria: Naira Continues to Weaken Against Dollar, Official Window N1,520.40/$1, Parallel Market N1,535/$1
This Day
The Naira yesterday continued to decline at both the official window and the parallel market, closing at N1,520.40/$1, a N42.29 loss when compared to N1,478.11/$1 which it closed… Read more »
Nigeria: SEC to Work With EFCC On Foreign Exchange Trading Manipulations
This Day
The Securities and Exchange Commission (SEC), yesterday pledged to work with the Economic and Financial Crimes Commission (EFCC) in a bid to ensure that trading manipulations are… Read more »
Zimbabwe: Making Zig the Official Medium of Exchange a Masterstroke
The Herald
The Government's decision to mandate the acceptance of the newly introduced Zimbabwe Gold (ZiG) currency by all ministries, departments, agencies and the private sector is a… Read more »
Zimbabwe: Blitz On Illegal Forex Dealers Nets 224, 90 Bank Accounts Frozen
The Herald
Herald Correspondent Read more »
May 14
Ghana: Dollar Hits 15 Cedis Mark At the Forex Bureau
Accra Times
Despite interventions by the Bank of Ghana, analysts foresee the cedi's depreciation persisting until the next tranche of funds from the International Monetary Fund is received. Read more »
Zimbabwe: Letting People Buy Small Sums of Forex a Welcome Move
The Herald
Moves to allow people to buy small amounts of foreign currency from bureaux de change through their phones need to be pursued as this will remove the need that many had for using… Read more »
May 10
Zimbabwe: Mthuli Ncube Sets ZiG200 000 Fine for Traders Setting Prices Above Official Exchange Rate
New Zimbabwe
Finance Minister Mthuli Ncube has set a fine of ZiG200 000 to be paid by individuals and corporates found guilty of violating the country's exchange rate regulations. Read more »
Sudan: Sudanese Pound Continues Its Rapid Decline, Banks Expected to Collapse
Dabanga
The Sudanese Pound is continuing its accelerated decline against the foreign currencies since the beginning of this week. Economists expect the imminent collapse of about 25 banks… Read more »
May 09
Zimbabwe: Parliament Concerned Over Continued Rejection of New ZiG Currency
New Zimbabwe
PARLIAMENT has expressed concern over the continued rejection of the newly launched Zimbabwe Gold (ZiG) currency by some traders. Read more »
May 08
Gambia: When Will the Old Currency Notes Be Fully Withdrawn From Circulation?
Foroyaa
The volume of currency notes in circulation and their value should be objectively monitored by the authorities of a state in order to protect the economy of such a state. The… Read more »
May 07
Nigeria: Nigerians React to New 0.5% Cybersecurity Levy
Premium Times
"The levy shall be applied at the point of electronic transfer origination, then deducted and remitted by the financial institution. The deducted amount shall be reflected in the… Read more »
May 06
Zimbabwe: Motorists Now Able to Buy Petrol, Diesel Using New ZiG Currency
New Zimbabwe
IN a major climbdown, Zimbabwean authorities, initially jittery to force petroleum dealers to accept the new ZiG currency, have announced motorists can now buy petrol and diesel… Read more »
Rwanda: Rwanda Names 'Sweet Spots' for National Digital Currency
New Times
The National Bank of Rwanda (BNR) says it has completed an initial feasibility study that is expected to serve as a basis for deploying its Central Bank Digital Currency (CBDC), a… Read more »
Rwanda: Rwanda's Leap Into Central Bank Digital Currency
New Times
Central Bank Digital currencies, which are a digital form of central bank-issued money, are being studied globally for their potential benefits ranging from preserving monetary… Read more »
May 05
Zimbabwe: Reserve Bank Clueless On Dealing With 'Big Fish' Fuelling Illegal Forex Trade
New Zimbabwe
The Reserve Bank of Zimbabwe (RBZ) Governor John Mushayavanhu last week struggled to present a concrete plan to deal with wealthy politicians and businesspeople pumping money into… Read more »