Ghana has been highlighted as one of the African countries with a majority of its external debt denominated in US dollars.

The threat of economic sanctions against Brazil, Russia, India, China and South Africa (BRICS) member states and associates by President-elect, Donald Trump, comes amid controversies around what his ...

Closing Africa’s infrastructure financing gap also requires attracting new sources of capital. USTDA is doing so through partnerships with entities such as Paris-based Meridiam SAS, which has invested ...

The idea of breaking free from the U.S. dollar is not new in Africa, but it has gained momentum in recent years. In a context marked by high volatility in local currencies, challenges in accessing ...

Only 39% of African businesses use African currencies to finance their cross- border deals, a big fall from the 69% recorded ...

A man counts out Zambian kwacha 50 denomination banknotes in this arranged photograph in Lusaka, Zambia, on Thursday, Oct. 8, 2015. Zambian Finance Minister Alexander Chikwanda is seeking to restore ...

Foreign exchange is the lifeblood of global trade and commerce, and African banks are stepping into the spotlight as ...

The Kenyan and Ugandan shillings, Ghanaian cedi and Zambia’s kwacha are all expected to ease against the dollar in the next week to Thursday, traders said. KENYA Kenya’s shilling KES= is forecast to ...

Check out the crazy moment a crocodile snapped towards these people on a boat. Garreth Coombes, from Johannesburg, South ...

A woman displays a selection of Kwacha notes, the national currency and money used in Zambia in Lusaka, Zambia February 27, 2024. REUTERS/Namukolo Siyumbwa/File Photo LUSAKA, Jan 8 (Reuters ...

Zambia's kwacha has hit a series of record lows since the start of the year as a severe drought keeps the pressure firmly on ...