A digital rand in South Africa could cut the high cost of cross-border payments for banks, but a senior central bank official said its introduction is still a few years.
The World Health Organization, WHO, says authorities in Mozambique have declared an outbreak of wild poliovirus type 1 after confirming that a child in the country’s northeastern Tete province has.
The Central Bank of Zimbabwe has removed its restriction on bank lending more than a week after the government froze credit to stop speculation against the swiftly depreciating local currency..
Rwanda has unveiled an additional $150 million in funding for businesses to stimulate growth and mitigate the prolonged impact of the coronavirus pandemic on the economy. The funds, drawn from.
The US is seeking to create more “mutually beneficial” partnerships with African countries in addressing climate change, health and economic growth, US Secretary of State for Economic Growth, Energy and.
Uganda will pull troops from the neighbouring Democratic Republic of Congo in two weeks, the military said on Tuesday, after a joint operation against Islamist insurgents since late last year..
The International Monetary Fund (IMF), and Niger have reached a staff-level agreement on a first programme review that will allow for disbursement of about $53 million if approved in June,.
The African Development Bank (AfDB) president has turned down calls to contest the upcoming Nigerian elections, arguing that his hands are full. On Tuesday, Dr Akinwumi Adesina said he was.
South African grocery and clothing retailer Pick n Pay aims to cut costs by 3 billion rands ($187 million) in the next three years and grow its market share by.
British International Investment (BII) and U.S. bank Citigroup Inc have signed a $100 million risk-sharing facility aimed at boosting lending to small businesses across Africa by up to four times.
