October 10, 2023
Zimbabwe: Zimbabwe Introduces New Digital Currency
Zimbabwe launched a new gold-backed digital currency in an effort to halt re-dollarization, which the administration of President Emmerson Mnangagwa worries could destroy the… Read more »
July 14, 2023
South Africa: All Five Heads of State to Attend BRICS Summit in Person - Ramaphosa
President Cyril Ramaphosa said that the BRICS (Brazil, Russia, India, China, and South Africa) Summit will go on and be in person despite the persistent rumors over Russian… Read more »
May 04, 2023
South Africa: Reserve Bank Launches New Banknotes and Coins - South African News Briefs - May 4, 2023
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March 24, 2023
Central Africa: Central African States Want to Dump Colonial Currency
The Economic and Monetary Community of Central Africa (CEMAC) has taken a decision to stop using the Franc CFA (FCFA). They were expected to announce some currency changes, but… Read more »
January 19, 2023
South Africa: Rising Cost of Living May Fuel Social Tensions, Economist Warns - South African News Briefs - January 19, 2023
Rising Cost of Living a Catalyst for Rising Social Tensions, Economist Warns Read more »
October 31, 2022
Ghana: President Reassures Ghanaians Over Talks With IMF
President Nana Akufo-Addo has defended his government's decision to seek a U.S. $3 billion bailout from the International Monetary Fund to help overcome the country's economic… Read more »
November 04, 2019
South Africa: Reprieve for Rand as Nation Dodges 'Junk' Status Rating
The rand has made strong gains against the dollar in early trading hours on Monday after avoiding a "junk status" credit rating from Moody's Investors Service on Friday, Business… Read more »
February 21, 2019
Zimbabwe: Reserve Bank Introduces New 'RTGS' Currency
Zimbabwe will now allow its surrogate currency, bond notes, and electronic funds to float freely against other major currencies, the Associated Press reports in an article carried… Read more »
November 22, 2018
South Africa: Hard Times Ahead for South Africa After Rate Hike
Lesetja Kganyago, Governor of the South African Reserve Bank, has announced that the repo rate will rise from 6.5% to 6.75%. The decision was not made lightly, Kganyago said, as… Read more »
September 08, 2017
Senegal: Dakar Deports Activist For Burning Franc CFA
A pan-African activist campaigning for an end to the use of the French-backed Franc CFA has been thrown out of Senegal. Kemi Séba, a Beninoise born in France, was arrested… Read more »
November 09, 2016
Zimbabwe: Will Bond Note Magic Rescue The Economy?
The government will introduce the Bond Notes which it says will be as good as the U.S dollar, and exactly equivalent in monetary value. Read more »
July 08, 2010
Zimbabwe: Nation Needs Debt Relief to Recover, Says IMF
Zimbabwe is in a state of "debt distress" and is preparing a request for debt relief under the Heavily Indebted Poor Countries (HIPC) initiative established by international… Read more »
April 12, 2001
Nigeria: Battle For The Soul Of The Naira Shifts To Government House
Like a general determined to hold his ground against the fire power of the eneny, Nigerian President Olusegun Obasanjo Thursday summoned bank chiefs to the government house in… Read more »