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, ...

Analysis - During its 16th annual summit in Kazan, Russia, Brics - a group of emerging economies determined to act as a counterweight to the west and to whittle down the influence of global ...

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 ...

Central banks are at the heart of the economy and they evolve monetary policies to keep a nation's currency and economy stable ... AllAfrica is a voice of, by and about Africa - aggregating, producing ...

Explore the anticipated outcomes of South Africa's 2025 Budget Speech, as Finance Minister Enoch Godongwana aims for ...

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He added: “I will be cutting off all future funding to South Africa ... sparked a 1.6 per cent fall in the South African currency against the US dollar. He later told reporters that the ...

Here’s a look at five of the weirdest things humans have ever used as currency.

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 ...

President Donald Trump is warning a coalition of countries to find “another sucker nation” if they opt to move away from the U.S. dollar.

The African Development Bank is developing mechanisms to increase access to local-currency debt that the continent needs to underpin a new drive to bring electricity to 300 million people by 2030, ...

These top penny stocks have lift-off at the start of 2025! Here's why Royston Wild believes they could continue to gain value ...