In September 2023, Nigeria was upbeat after Emirates Airlines agreed to resume direct flights to the country. This came after an 11-month hiatus, the root cause of which was an inability to repatriate ...

Africa’s ambition to reduce reliance on the US dollar for cross-border trade is still far from bearing fruit, but more countries are now adopting local currency payment systems. Some nations are using ...

In 2025, South Sudanese pound and Ethiopian birr faced severe declines, revealing economic fragility and inflation's impact ...

A surge in the Democratic Republic of Congo’s foreign-currency holdings and a shift in central-bank policy have fueled an almost 29% rally in the franc this year, making it Africa’s best-performing ...

Local currency financing has emerged as one of the most pressing obstacles to scaling Africa’s energy ambitions, according to discussions at the African Investment Forum (AIF) in Rabat, Morocco last ...

PAPSS payment system allows trade settlement in local currencies Experts says move aims of lowering trade costs South Africa using G20 presidency to advance local payments US President Trump warns ...

NAIROBI, Jan 31 (Reuters) - Africa's development bank is proposing a new 'gold standard' style currency arrangement backed by critical minerals such as cobalt, copper, lithium, manganese and some of ...