Africa holds approximately 30% of the world’s critical mineral reserves, making the continent indispensable to green industrialisation and the global energy transition. However, beyond being a major ...

Despite being rich in natural resources, Nigeria grapples with economic instability, high inflation, unemployment, inadequate infrastructure and a weak currency. Despite being rich in natural ...

NAIROBI (Reuters) - A pan-African payments infrastructure provider designed to facilitate trade on the continent is piloting an African currency market platform to boost commerce across borders in the ...

Sir: For many African traveller’s, exploring the continent should be exciting, but the frustration of currency exchange turns it into a costly and inconvenient experience. Take a Lagos-based tourist ...

(Bloomberg) -- Senegal’s main opposition leader, Ousmane Sonko, will seek a reform of the regional CFA currency if his coalition wins elections later this month. Creating a new currency, outside the ...

A noticeable shift is currently taking place in African mining, as mineral resources are increasingly being viewed as the ...

On Tuesday, Nigeria’s central bank announced a supersized 400-basis-point rate hike in the fight against inflation and its depreciating currency. Hard to say if this move will stop the naira’s ...

On 1 March, telecoms giant MTN’s Nigerian subsidiary announced a fall of more than 80% in its annual profit. But the company’s performance is not to blame: it is the devaluation of the naira that ...

For more than a decade, the idea of a truly integrated African market has hovered somewhere between political aspiration and economic inevitability. With the African Continental Free Trade Area ...

Add Yahoo as a preferred source to see more of our stories on Google. (Bloomberg) -- South Africa’s government said there are no plans to create a so-called BRICS currency, after US President-elect ...