FX Insights

Hopes for climate reparations fade in COP27 finale Any hopes for East African nations, Ethiopia, Kenya, and Somalia—experiencing their worst droughts in 40 years—to receive

Climate damage reparations on the COP27 agenda Some European countries, including Austria, Belgium, Denmark, Germany, Ireland and Scotland stepped up to offer ‘loss and damage’

Twin priorities for African leaders at COP27 With Africa contributing only around 3% of global emissions but devastated by extreme weather, such as recent floods

Botswana eyes coal expansion amid Europe’s energy crisis Botswana is the latest African country looking to develop its fossil fuel industry to plug gaps created

IMF financing North Africa as Chad loan in doubt Tunisia is set to finalise an agreement with the IMF to access a $1.9bn loan to

IMF meetings signal Africa’s financial support The IMF at its annual meetings in Washington this week indicated increased support for economic recovery in Africa. The

COP27 host Egypt to call for $100bn climate spending Egypt intends to call on rich nations to fulfill pledges to support poorer countries in their

Mozambique and Equatorial Guinea in the election spotlight African elections are back in the spotlight this week, with the world’s longest-serving president—Teodoro Obiang in Equatorial

Zambia debt relief talks spur Kwacha rally Zambia’s Kwacha has been one of the best-performing currencies this year, gaining 18.5% against the dollar since January