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Finance

Zimbabweans Compelled to Utilize US Dollar Amid Delay in Introduction of New Currency, ZiG

April 16, 2024 Steven Addamah 0

Informal traders in Zimbabwe, comprising approximately 75% of the nation’s workforce, have ceased accepting the ZIMdollar, also known as the RTGS dollar, due to concerns […]

Sudan’s ‘forgotten war’: intl. conference in Paris to seek global attention, funds

April 15, 2024 Khalid Al Mouahidi 0

An international conference on Sudan hosted by France on Monday (15 April), exactly a year after war broke out in the northeast African country, seeks […]

EU executive urged to investigate misuse of EU funds in Senegal to crush protests

April 12, 2024 Geraldine Boechat 0

A European Parliament’s committee has called for an investigation into the alleged mismanagement of EU funds in Senegal after a joint investigation by Al Jazeera […]

Nigeria Brings New Allegations Against Former Central Bank Chief

April 9, 2024 Geraldine Boechat 0

The former chief of Nigeria’s Central Bank, Godwin Emefiele, is slated to appear in a Lagos courtroom on Monday due to newly filed corruption and […]

Zimbabwe Launches New Currency Amid Economic Turmoil

April 8, 2024 Steven Addamah 0

On Friday, Zimbabwe introduced a new currency, ZiG, to stabilize its economy and replace the previously depreciating currency, which faced rejection by its citizens. This […]

S&P Affirms Morocco’s Ratings at ‘BB+/B’ with Positive Outlook

April 1, 2024 Geraldine Boechat 0

American credit rating agency Standard & Poor’s has affirmed Morocco’s long- and short-term local and foreign currency sovereign credit ratings at ‘BB+/B’ with positive outlook. […]

Central Bank of Nigeria Establishes Minimum Capital Base Requirements for Banks

March 29, 2024 Steven Addamah 0

The Central Bank of Nigeria has introduced revised minimum capital requirements for banks in a move aimed at bolstering their resilience and fortifying the country’s […]

Uganda: Salaam Bank Launches First Islamic Bank

March 28, 2024 Steven Addamah 0

In Uganda, Salaam Bank Limited, a unit of the Djibouti-based Salaam Group, commenced operations on Wednesday as the nation’s inaugural Islamic banking-compliant financial institution, as […]

Escape from Custody: Binance Executive Detained in Nigeria Amid Crypto Crackdown

March 27, 2024 Steven Addamah 0

A leader from the cryptocurrency exchange Binance has reportedly absconded from custody in Nigeria, where authorities have initiated a criminal investigation into allegations of the […]

Financial Constraints Force Southern African Troops to Withdraw from Mozambique

March 26, 2024 Geraldine Boechat 0

Southern African Regional Troops Withdraw from Mozambique Due to Financial Constraints The regional bloc of southern Africa, tasked with combating an Islamist insurgency in Mozambique, […]

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