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 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 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,.
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.
Tanzanian President, Samia Suluhu, insists the country will not auction confiscated ivory despite calls from campaigners. On May 8, at the official launch of the Royal Tour tourism documentary in.
The finance ministry said that Ethiopia and the World Bank had signed a pact for a grant of $300 million to assist reconstruction and recovery in conflict-hit areas. Fighting that.
Tunisia has raised the prices of domestic electricity and gas, a government official has said, in the latest in a series of price hikes in a country whose public finances.
Central Africa’s regional banking regulators sent out a reminder on Friday about its ban on cryptocurrencies, weeks after the Central African Republic, a member state, made bitcoin legal tender. The.
