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 ...

(Bloomberg) -- Senegal’s main opposition leader, Ousmane Sonko, will seek a reform of the regional CFA currency if his coalition wins elections later this month. Creating a new currency, outside the ...

Sir: For many African traveller’s, exploring the continent should be exciting, but the frustration of currency exchange turns it into a costly and inconvenient experience. Take a Lagos-based tourist ...

On Tuesday, Nigeria’s central bank announced a supersized 400-basis-point rate hike in the fight against inflation and its depreciating currency. Hard to say if this move will stop the naira’s ...

A noticeable shift is currently taking place in African mining, as mineral resources are increasingly being viewed as the ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. The launch was announced on the sidelines of the 2025 Afreximbank ...

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 ...

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 ...

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 ...

Trade disruptions, wars, aid retrenchment, and geopolitical realignment have forced governments and investors to reassess risk. Africa is often portrayed as the weakest link—too dependent on external ...

S&P Global Ratings forecasts that African sovereigns will borrow $155 billion in 2026, but how does South Africa's fiscal flexibility set it apart from its continental peers?