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

The SA Reserve Bank is still partly privately owned, a legacy quirk shared by only a handful of countries. Now, as Parliament reopens old calls to nationalise it, critics warn the real risk isn’t who ...

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

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

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

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

In early June 2025, the cedi, Ghana’s currency, was recognized as Africa’s best-performing currency. However, its reign was ...

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

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

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

PAPSS payment system allows trade settlement in local currencies Experts says move aims of lowering trade costs South Africa ...