Tanzania moves to diversify its foreign reserves with gold
Tanzania’s local currency has seen record depreciation levels attributed to US rate hikes.
State of fiat
Your fiat money is backed by the issuing government’s “full faith and credit.” What’s that worth these days?
State of fiat informs about the situation of your local currency.
Gambia’s dalasi retains its position as Africa’s best-performing currency
Despite rising inflation rates up to 18.4%, Gambian dalasi managed to gain 0.9% against the US dollar
IMF and World Bank to proceed with annual meetings in Morocco in October
There are concerns about the earthquake affecting the meetings in Marrakech since it is expected to bring a crowd of 10,000-15,000 people to the city.
Kenya and South Sudan resolve border disputes, agree boost trade and infrastructure
Issues around border conflicts and port access have threatened trade ties between both countries for decades.
Egypt and Ethiopia among six countries invited to join BRICS
This is the bloc’s first expansion in 13 years.
The naira stabilized following NNPC’s $3 billion loan deal with Afreximbank
The funding is expected to be used to support the federal government in its efforts to stabilize the naira.
The 2023 BRICS Summit: outlook and expectations
Here’s why the summit, scheduled for Aug. 22 to Aug. 24 in South Africa, could be significant for the global economic landscape.