A High Court in Zimbabwe has set aside a central bank exchange control directive which had unilaterally ordered the conversion of U.S. dollar bank account balances into Zimbabwe ... Read more »
The central bank has denied that it has plans to devalue the naira, and has announced an investigation to uncover currency dealers it blames for the artificial scarcity of the ... Read more »
More than a decade later and with barely any results from the crackdown on pyramid schemes, legislators have abandoned plans to enact laws against them. Despite victim complaints ... Read more »
The Nigerian presidency has called for an extension date on the launch of the single currency, accepted by eight West African countries. The new currency will see those countries ... Read more »
East African Community partner states are in the process of finalising policies to attain a single currency for the region by 2024 as outlined in the EAC Monetary Union Protocol. ... Read more »
English-speaking members of the Economic Community of West African States (ECOWAS), plus Guinea, say renaming the French-backed CFA franc Eco "is not in line" with plans by the ... Read more »
Zimbabwean banks are set to lose millions after the Supreme Court ruled that debts incurred before February 2019 should be settled in the local currency at a rate on par with the ... Read more »
The Nigerian government has said that it is studying the pending launch of Eco a single currency proposed for use by the Economic Community of West African States, ECOWAS. Eight ... Read more »
Eight countries have agreed to change the name of their common currency to the Eco, finally cutting ties with the CFA franc. The Eco will still be pegged to the Euro but the rule Read more »
At least 12.5% of children in Zimbabwe have a parent who has moved to a foreign country, the latest Zimbabwe National Statistics Agency survey has revealed, adding that 23.7% of ... Read more »
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