Right now (dollar demand) is from a mix of all sectors in the economy ... continues to weigh on the local currency. On Thursday, the currency of Africa’s second largest copper producer ...

The African Development Bank’s proposal for a currency backed by critical minerals – such as cobalt, lithium, and rare earth elements – has sparked both excitement and scepticism. This initiative, ...

Nairobi — The Kenyan Shilling appreciated against all major global currencies in the third quarter ... against the Japanese Yen and the South African Rand, depreciating by 12.7 percent and ...

Even if and when a continent- wide currency is launched, there is virtu- ally no chance that it will cover all African countries in its first incarnation. As in the EU, each country will have to jump ...

Over the past year, some African nations have improved the performance of their currencies against the US dollar while others continue to face challenges. The challenges faced by African ...

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 ...

Give yourself a headstart: Get full access to The Africa Report on all your devices.

Currencies and their use provide a window into wider histories of trade, politics, and cultural interaction. In West Africa, they reflect the complex legacies of colonial rule and decolonisation. It ...