April 16
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 »
April 09
Zimbabwe: Zimbabwe's New Zig Currency Strengthens On Second Day of Trading
New Zimbabwe
Zimbabwe's new gold-backed currency the ZiG strengthened a day after its debut, even as it roiled commerce nationwide as banks, retailers and utilities battled to switch to the new… Read more »
April 08
Zimbabwe: ZiG Notes, Coins to Start Circulating On April 30 - RBZ Governor
New Zimbabwe
The Reserve Bank of Zimbabwe (RBZ) has said the newly introduced currency Zimbabwe Gold (ZiG) notes and coins will begin circulating on April 30. Read more »
Zimbabwe: Reserve Bank Cuts Policy Rate From 130 to 20%, Bets on New Gold Currency
263Chat
The Reserve Bank of Zimbabwe (RBZ) has cut the policy rate to 20 percent from 130 percent previously as it bets on measures to stabilize the newly introduced Zimbabwe Gold (ZiG)… Read more »
Zimbabwe: Zimbabweans Need Restoration of Confidence in Economy, Not a New Currency - Rights Group
New Zimbabwe
RIGHTS group ActionAid has slammed the recent launch of the new structured currency, Zimbabwe Gold (ZiG) saying the nation needs restoration of confidence in the economy, not a new… Read more »
April 07
West Africa: Conditions 'Ripe' for Replacement of Colonialist CFA Franc [analysis]
The Conversation Africa
At no point in history has the CFA franc - the name of a colonial currency used in west and central African countries belonging to the franc zone - been closer to its demise. Read more »
April 04
Namibia: Rising Fuel Can Flame Inflation
New Era
Figures from the mines and energy ministry show that during March 2024, global petrol prices increased by 2.7% while international prices for diesel 50ppm decreased by 2.64% ,and… Read more »
Namibia: Bon Launches Modified N$100 Note
Namibian
The Bank of Namibia (BoN) has launched a modified N$100 note that now bears the signature of governor Johannes !Gawaxab. Read more »
April 03
Seychelles: The Netherlands and Seychelles to Work Closely On Fighting Cryptocurrency Crimes
Seychelles News Agency
The Netherlands and Seychelles will work closely on fighting cryptocurrency crimes and a mission from the northwestern European country is expected in the island nation this year,… Read more »
April 02
Liberia: Central Bank of Liberia Sets May 15 As New Cut Off Time for Replacement of Old Banknotes
FrontPageAfrica
The Central Bank of Liberia (CBL) has announced an extension of the deadline for the currency exchange exercise, providing relief for citizens who have yet to exchange their old… Read more »
April 01
Nigeria: Naira Gained N350 in March, Biggest in 5 Years
Daily Trust
ABCON attributes stability to BDCs Read more »
Liberia: CBL's Second Thought Is Welcoming [editorial]
New Dawn
Following our editorial of Friday, March 28, 2024, captioned "CBL brought the panic on Liberians," the NEW DAWN has gathered reliably that authorities of the Central Bank of… Read more »
March 28
Nigeria: Explainer - Is Binance Exit From Nigeria a 'Blessing' to Naira? [analysis]
Daily Trust
Binance is a cryptocurrency exchange platform founded in 2017 by Chinese-Canadian developer, Changpeng Zhao (aka CZ). Read more »
March 27
Nigeria: Exchange Rate - Marketers Deny Downward Adjustment in Petrol Pump Price
Leadership
Petroleum product marketers and other operators in the downstream sector, have denied speculations that pump price of petrol at depot facilities have been adjusted downwards. Read more »