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The Reserve Bank of Zimbabwe is optimistic about the stability of the gold-backed ZiG currency, citing strong monetary policies. Governor Mushayavanhu discussed the need for a shift from the US …
Zimbabwe Central Bank Optimistic About Long-Term Stability of ZiG Currency Read More
Zimbabwe is facing a cash shortage as the U.S. ends its foreign aid, which has significantly impacted banks and citizens reliant on US dollars. Typically, the U.S. provided over $300 …
Zimbabwe Faces Economic Crisis Following U.S. Aid Cuts Read More
South Africa’s government auctioned 275 million rand ($15.21 million) of inflation-linked bonds for the years 2031 and 2038. This demonstrates the government’s proactive financial management and results can be accessed …
South Africa Successfully Auctions 275 Million Rand in Inflation-Linked Bonds Read More
The South African rand has recovered significantly as the U.S. dollar declines, indicating a potential tipping point. The USD/ZAR has shifted below key technical levels and could further decrease if …
South African Rand Reaches Critical Tipping Point Amid Dollar Decline Read More
The South African rand weakened against the U.S. dollar ahead of GDP figures, trading at 18.64. Investors are concerned about U.S. tariffs announced by President Trump and their potential economic …
South African Rand Weakens Ahead of GDP Data and U.S. Tariffs Read More
Treasury Secretary John Mbadi has been instructed by Controller of Budget Margaret Nyakango to reduce Kenya’s GDP debt ratio to 55% by 2029. Currently, public debt has decreased from 71.9% …
Treasury Secretary Urged to Address Kenya’s Debt Burden by 2029 Read More
Chevron’s cessation of operations in Venezuela, coupled with currency devaluation and a widening exchange rate gap, poses severe risks to the recovering economy. Inflation reemerges sharply while the country’s reliance …
Venezuelan Economy Faces New Challenges Amid Chevron’s Departure and Currency Crisis Read More
The South African rand fluctuated positively against the U.S. dollar on March 3, trading at 18.66, ahead of the manufacturing PMI data due at 09:00 GMT. The U.S. dollar held …
South African Rand Strengthens Ahead of Manufacturing PMI Survey Read More
Ghana’s central bank has halted its gold-for-oil program, citing the need for economic stability after previous volatility. Governor Johnson Asiama believes the cedi will stabilize with improved fiscal discipline under …
Ghana Halts Gold-for-Oil Program to Stabilize Economy Read More
John Mushayavanhu, the central bank governor of Zimbabwe, asserts there is no foreign exchange crisis, citing interventions and market demand levels. The total forex offered was $20 million, but only …
Reassurance from Zimbabwe’s Central Bank Amid Currency Concerns Read More