The Nigerian naira has depreciated over 400% since 2023, now trading close to the N1600/$ mark. It is now ranked among the ...

A Nigerian woman in South Africa shocked viewers by revealing how much more valuable rands are compared to naira, praising SA ...

Africa and the Caribbean are exploring the development of a digital currency to deepen trade ties between the two regions.

The 16 African countries that have so far signed up, have praised the elimination of the US dollar as a third currency.

Africa's push for local currency payments systems - once little more than an aspiration - is finally making concrete gains, ...

Africa expands use of local currency payment systems like PAPSS to reduce reliance on the US dollar for intra-continental ...

Sub-Saharan Africa, in particular, remained a primarily cash economy, due to factors including limited infrastructure and ...

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may ...

The Pan-African Payment and Settlement System, which allows faster payments and improved trade flows in local currencies, is ...

The National Bank of Rwanda (NBR) said it will impose hefty fines on businesses and individuals who quote prices, issue invoices, or conduct sales in foreign currencies ...

Local-currency payments systems promise cheaper trade, but Trump is determined to preserve the dollar's dominance.