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CFA Franc reform edges closer

CFA Franc reform edges closer The introduction of West Africa’s common currency, the Eco, potentially took a step closer following press reports that France is

Eco takes a step closer to reality

Rising oil anchors Naira The Naira maintained a stable footing in the parallel market at 482.5 per dollar levels amid a slowdown in speculative purchases

African recovery lags due to vaccine deficit

Africa’s recovery lagging world amid vaccine deficit After the worst economic downturn on record, with an estimated 1.9% contraction in 2020, sub-Saharan Africa is set

Eco currency gets impetus from UEMOA appointment

Eco currency gets impetus from UEMOA appointment The West African Economic and Monetary Union (UEMOA) signalled strong backing to economic reforms needed for the Eco

More Gains for Rand and Shilling at Multi-Month Highs

Rand near 14-month high has further to rally The rand strengthened this week to 14.4100, nearing a 14-month high, from 14.5937 at the end of

Redouble effort for post-COVID recovery in Africa

Redouble effort for post-COVID recovery in Africa Africa needs around $12bn to procure and distribute sufficient numbers of COVID-19 vaccines to achieve adequate protection against

Africa on track for post-Covid recovery

Africa on track for post-Covid recovery After the region’s first recession in over 25 years, sub-Saharan Africa shows signs of steady recovery, according to the

ECO shelved for another year

New ECO currency shelved for at least another year In a blow to trade prospects for Senegal and seven other countries in West Africa, the

Tanzania in mourning as VP Hassan takes reins

East Africa leads post-COVID resilience After the worst recession in over half a century, Africa’s economy is poised for a rebound, underpinned by an expected

Africa’s freedom rising too slowly

Africa’s economic freedom rising, though much too slowly Economic freedom is improving in sub-Saharan Africa, according to this year’s Economic Freedom Index, published by the

Naira officially devalued faces decline

After months hampered by Covid disruptions, election challenges and currency depreciation, Ghana appears to have turned a corner towards GDP growth, relative exchange rate stability

Naira at an all-time low faces likely further devaluation

Sudan’s huge devaluation should improve remittances and relations In its boldest economic move yet, the military junta that has governed Sudan on a transitional basis

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