Currencies, capital markets, and the prices that move African economies.
In a remarkable turn of events, Zambia's currency, the Kwacha, is witnessing a resurgence, marking its most robust performance in a year. This unprecedented upswing is attributed to the implementation of effective policies by the Central Bank, igniting optimism and stirring economic conversations nationwide. Amidst global economic uncertainties,
In a dynamic twist of global currency markets, the South African rand surged on Thursday against the backdrop of a weakening dollar. This surge came on the heels of a flurry of U.S. economic data that left investors grappling with mixed signals about the world's largest economy.
In a recent statement, Kenya's central bank governor expressed confidence in the country's ability to repay a $2 billion international bond set to mature in June. This announcement comes amidst concerns over the Kenyan shilling's slump to record lows, sparking interest and debate among
In a move aimed at salvaging a sinking economy, President Emmerson Mnangagwa announced today that the Zimbabwean government is gearing up for another round of currency reforms. This revelation comes amidst a backdrop of economic turmoil, with the Zimdollar experiencing a staggering decline of over 90% in value since last
In the challenging economic landscape of 2023, consumers and insurers alike faced formidable hurdles. The combination of tough economic conditions, escalating inflation, and a series of adverse events has led to a hard market, marked by rising premiums and stringent underwriting criteria. For many, particularly in South Africa, this environment
In a shocking turn of events, Nigerian actress Oluwadarasimi Omoseyin has found herself at the center of a heated debate surrounding a bold move that has sparked controversy nationwide. The actress, known for her unconventional approach to art, recently stepped on new Naira notes during what she claims to be
Kenya and the European Union on Monday signed a long-negotiated trade agreement to increase the flow of goods between the two markets, as Brussels pursues stronger economic ties with Africa. The Economic Partnership Agreement will give Kenya duty-free and quota-free access to the EU, its biggest export market, while European
Bitcoin mining can be a complex and confusing, with many questions and misconceptions surrounding the process.
Somalia has been granted a debt reduction plan totaling $4.5 billion by international creditors, as revealed in a statement by the International Monetary Fund (IMF) on Wednesday.
In a significant economic shift, Kenya's government has revealed plans to privatize the first 35 state-owned companies, targeting only those facing financial losses and bureaucratic hurdles. Although the specific companies have not been disclosed, President William Ruto emphasized that potentially lucrative entities would be divested, signaling a strategic
Hong Kong has surpassed Dubai as the world's leading hub for Russian gold trading, according to a report by Bloomberg. The report cites data from Refinitiv Liva, which shows that Hong Kong imported a record $2.3 billion worth of gold from Russia in the first eight months
Investing in bitcoins requires an understanding of terms and price movement.
African Development Bank’s (AfDB) loans to Kenya have grown 37.2 percent in the last five years to cross the half-a-trillion shilling mark, deepening the pan-African lender’s role in the country’s development agenda.
Ugandan Economists Say Country Still Investment Destination Despite US Advisory
The International Monetary Fund (IMF) is sounding a note of caution to African nations regarding the potential for a regional economic downturn and the reverberations that may arise from China's slowing economy.
The energy problem in South Africa has forced the country to lean on its highly polluting coal-fired power stations.
