Angola’s currency to fall to 1,000 kwanzas per dollar this year
The BMI consultancy believes that the Angolan currency will continue to depreciate, reaching the end of the year worth around 1,000 kwanzas per dollar, a […]
currency
Kwanza loses 3.6% against the dollar last week and falls 38.8% since January
The Angolan currency lost 3.6% in value against the dollar last week, despite a slight recovery between Wednesday and Friday, and has already fallen 38.8% […]
IMF agrees $1 billion loan to cash-strapped Kenya
The International Monetary Fund (IMF) announced on Tuesday that it had reached an agreement for a $1 billion (927 billion euros) loan for Kenya, an […]
Ghana plans to pay for fuel purchases with gold bars
Ghana is considering paying for its fuel purchases in gold bars, according to an announcement by Ghana’s vice president, Mahamudu Bawumia. The government’s stated aim […]
Angola: The National Bank sells $500 million in debt securities
The National Bank of Angola announced Tuesday that it will make public debt securities from its foreign currency portfolio in the amount of US$500 million […]
Ethiopia blocks the import of “non-essential” products
The Ethiopian government has banned banks from providing foreign currency to importers of some 40 products, including vehicles and alcohol, preventing them from being imported […]
Nigeria launched the new version of its digital currency eNaira
Nigeria on Monday finally officially launched a new digital version of its currency, the eNaira, President Muhammadu Buhari announced. Abuja says the crypto-currency saves on […]
Sudan’s central bank to print 100-pound banknotes as inflation worsens
Sudan’s central bank will start printing 100-pound banknotes for the first time as it struggles to deal with a liquidity crisis and rampant inflation. The […]
Gambia to change currency with Jammeh’s head
Gambia’s Central Bank will phase out local currency – the dalasi – which has the head of former President Yahya Jammeh as of February, Africa […]
Sudan bans importation of additional 19 goods to protect its currency
The Sudanese government has imposed temporary ban on selected foods in an effort to protect its currency and narrow its budget deficit, Reuters reports. The […]