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Mozambique’s dollar bond gained nearly 2 cents after the U.S. approved a $5 billion loan for a liquefied natural gas project. The 2031 bond bid rose to 80.94 cents on …
Mozambique’s Dollar Bond Increases After U.S. Approves $5 Billion LNG Loan Read More
The currencies of Kenya, Nigeria, and Zambia are projected to weaken, while Ghana’s cedi remains stable, with potential strength for Uganda’s shilling due to upcoming tax payments. The currencies of …
Currency Trends: Kenyan, Nigerian, and Zambian Economies Face Pressure Read More
In the upcoming week, the currencies of Kenya, Nigeria, and Zambia are expected to weaken, while Ghana’s cedi remains stable and Uganda’s shilling may strengthen against the dollar. Central bank …
Currency Outlook: Pressure on Kenyan, Nigerian, and Zambian Currencies Read More
The Ghanaian cedi has appreciated to GH¢16.10 against the US dollar. The Central Bank reports a buying price of GH¢15.53 and a selling price of GH¢15.54. The British pound and …
Ghanaian Cedi Rises to GH¢16.10 Against US Dollar Read More
The Ugandan shilling strengthened slightly on Wednesday, influenced by lower foreign currency demand as businesses prepared for mid-month tax payments. The exchange rate improved from 3,665/3,675 to 3,662/3,672 against the …
Uganda Shilling Demonstrates Marginal Strength Amid Tax Payments Read More
The Bank of Ghana is seeking a GHC 53 billion bailout to address its negative equity concerns, primarily resulting from significant losses incurred in 2022. Finance Minister Dr. Ato Forson …
Bank of Ghana Requests GHC 53 Billion Bailout to Correct Negative Equity Crisis Read More
Mozambican banks’ mandatory reserves reached a record €4.441 billion in December 2024, increasing by 15% from the previous year. Following two coefficient hikes aimed at controlling liquidity, the central bank …
Mozambique Banks’ Mandatory Reserves Hit Record High as Central Bank Adjusts Policy Read More
The Reserve Bank of Zimbabwe is optimistic about the ZiG currency, introduced to stabilize the economy and reduce reliance on the US dollar. RBZ has implemented strict monetary policies to …
Zimbabwe Central Bank Optimistic About Gold-Backed ZiG Currency Read More
The Reserve Bank of Zimbabwe is optimistic about the potential of the gold-backed Zimbabwe Gold (ZiG) currency, emphasizing its competitive stance against major currencies like the US dollar. RBZ Governor …
Reserve Bank of Zimbabwe Optimistic About the Long-Term Stability of ZiG Currency Read More
Zimbabwe is facing a cash shortage due to the cessation of US foreign aid, which has vital implications for its economy. The US has historically provided substantial support, but recent …
Zimbabwe’s Financial Crisis: Cash Shortage Sparks Concern After US Aid Cuts Read More