African currencies are plummeting, with increased import prices exacerbating economic and inflationary pressures. Various causes have played a role in brewing the currency crisis in Africa.

Central banks across the region had already started raising interest rates in response to rising inflation, capital outflows and currency depreciation resulting from monetary policy tightening in ...

Africa is making a significant stride toward financial integration with the launch of the Africa Currency Marketplace by the Pan-African Payment and Settlement System (PAPSS). This innovative ...

South Africa’s finance minister said. “No one has tabled the issue of a BRICS currency, not even in informal meetings,” Enoch Godongwana said in an interview on the sidelines of the bloc’s ...

While it is still a long way off, the development of a common African currency is still an objective, says an official. Secretary General of the African Continental Free Trade Area Wamkele Mene says ...

Africa has a rich variety of cultures, languages, and economies, with each country having its own currency. Some of these currencies are stronger than others and hold a high value when compared to ...

The goal of a single African currency has long been seen as a pillar of African unity, a symbol of integration and a precursor to an area in which the free movement of goods, persons, services and ...

A single currency would not only help to boost economic growth in Africa, but also bring greater stability, reduce the cost of doing business, and increase the competitiveness of African products ...