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Overcoming the Top 5 Cross-Border Payment Challenges in Africa
Overcoming the Top 5 Cross-Border Payment Challenges in Africa

In today’s interconnected economy, cross-border payments are essential for businesses everywhere; but especially those operating in Africa. However, frontier markets have complexities that can make

Nigerian naira begins to stabilize; Rand gains strength against the U.S. dollar

Nigerian Naira (₦) Compiled by Ikenga Kalu The naira stabilized against the U.S. dollar on the unofficial FX window after appreciating from USD/NGN 1150 to

Naira value drops again on the heels of speculator profit taking; $800M cocoa loan to Ghana delayed

Nigerian Naira (₦) Compiled by Ikenga Kalu Last week saw a halt in the naira’s dramatic appreciation against the dollar as speculators looked to buy

Government Steps in to Help Reverse Naira’s Course; Bank of Tanzania Gaining More Control Over Shilling

Nigerian Naira (₦) Compiled by Ikenga Kalu The naira appreciated against the U.S. dollar from USD/NGN 1300 to USD/NGN 1185 amid expectations of an influx

Naira’s value continues rapid descent; IMF and World Bank say Kenya’s shilling is ‘overvalued’

Nigerian Naira (₦) Compiled by Ikenga Kalu The naira lost even more value against the U.S. dollar having pulled off a 200 naira decrease over

Nigeria central bank lifts ban on 43 items; Nkrumah promises second tranche on way to Ghana by November

Nigerian Naira (₦) Compiled by Ikenga Kalu The naira resumed its freefall this week after breaking past the USD/NGN 1000 level and has already breached

Foreign currency shortage puts added pressure on naira; Funds approved for infrastructure projects in Senegal

Nigerian Naira (₦) Compiled by Ikenga Kalu This week, the Naira lost further ground against the U.S. dollar and trended towards USD/NGN 1030 in the

Naira crosses USD/NGN 1,000; Kenya’s shilling hits all-time low

Nigerian Naira (₦) Compiled by Ikenga Kalu Last week, the naira lost even further ground against the USD and has finally crossed the dreaded 1000

Bank of Ghana governor reports better economic outlook despite weak cedi

Nigerian Naira (₦) Compiled by Ikenga Kalu Olayemi Cardoso was ushered in as the new governor of the Central Bank of Nigeria (CBN) on Tuesday,

Kenyan government takes steps to halt shilling’s slide; Senegal shows reduction in trade deficit

Nigerian Naira (₦) Compiled by Ikenga Kalu The naira continued to lose ground against the U.S. dollar and has fallen to USD/NGN 975 from the

Uganda licenses nation’s first Islamic bank; Kenya and China hope to boost trade through upcoming expo

Nigerian Naira (₦) Compiled by Ikenga Kalu The naira continued its steady depreciation over the past week, falling from USD/NGN 930 to 945. The 940

Kenyan leaders seek larger role in climate fight

Nigerian Naira (₦) Compiled by Ikenga Kalu The naira continued its gradual depreciation, falling from USD/NGN 915 to USD/NGN 925 over the week as FX

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