In a statement issued on Monday in Abuja, Cardoso noted that Nigeria’s hosting of the African Monetary Institute (AMI) and, eventually, the African Central Bank (ACB), positions the country at the ...

As countries in Africa and their economies continue to evolve, some currencies remain notably stronger than others in ...

Governors of central banks from 12 West African countries, including the Governor of the Central Bank of Nigeria (CBN), are ...

The South African Rand has shown great recovery that started back in 2025. But how does it rank against African currencies?

For Egypt, a potential barter agreement with Kenya may allow it to import tea without further straining its overstretched foreign reserves. However, such deals are unlikely to go far in easing the ...

Despite being rich in natural resources, Nigeria grapples with economic instability, high inflation, unemployment, inadequate infrastructure and a weak currency. Despite being rich in natural ...

NAIROBI (Reuters) - A pan-African payments infrastructure provider designed to facilitate trade on the continent is piloting an African currency market platform to boost commerce across borders in the ...

Digital currencies were supposed to make sending money across borders cheaper and faster. The cost of converting these digital dollars into actual currency, however, is still higher than expected for ...

Over a decade ago, the leaders of the Economic Community of West African States (ECOWAS), a regional trade bloc of 15 countries with a total population of roughly 400 million, committed to ...

Add Yahoo as a preferred source to see more of our stories on Google. (Bloomberg) -- South Africa’s government said there are no plans to create a so-called BRICS currency, after US President-elect ...