The cedi established itself as one of Africa's top-performing currencies, buoyed by a rise in foreign currency inflows and ...

The naira ranked as Africa's second best-performing currency in the first half of 2026, appreciating 3.36% against the US ...

The high cost of making cross border payments on the African continent has driven governments on the continent to seek options of settling trade and other transactions in local currencies. This has ...

Despite being rich in natural resources, the country grapples with economic instability, high inflation, unemployment, inadequate infrastructure and a weak currency. This is Africa’s strongest ...

The Central African Republic is poised to move into the financial future with their latest move. The country, which was the first in the continent of Africa to adopt Bitcoin as legal tender in April ...

On 1 March, telecoms giant MTN’s Nigerian subsidiary announced a fall of more than 80% in its annual profit. But the company’s performance is not to blame: it is the devaluation of the naira that ...

South Africa’s central bank chief said adopting a region-wide common currency was a political project, and then spelled out exactly why it would probably never happen. “What do you need to have an ...

What is meant by Zar South African Rand? Learn about Zar South African Rand in detail, including its explanation, and significance in Economy on The Economic Times.

A woman walks out of a currency exchange shop displaying a giant US dollar banknote in the Zamalek district of Egypt's capital Cairo on August 24, 2022. - Depleted foreign currency reserves are ...

For more than a decade, the idea of a truly integrated African market has hovered somewhere between political aspiration and economic inevitability. With the African Continental Free Trade Area ...

I recently spoke to a senior African delegate at the United Nations Headquarters about the challenges related to the continent’s debt. Beyond the diplomatic aspect of our exchange, I was moved by the ...