Zimbabwe’s introduction of the new ZiG currency delays its anticipated IMF programme, aiming for stabilization before re-engaging with global financial institutions.
© 2025 The African Spectator. All Rights Reserved.
Economy
-
-
On Zimbabwe’s Independence Day, President Mnangagwa linked civil servant salary reviews to economic recovery, leaving many in continued financial uncertainty.
-
South Africa’s Finance Minister rules out using contingency reserves to bailout struggling state firms Eskom and Transnet, focusing instead on national debt reduction.
-
Nigeria secures a crucial gas supply deal with Shell for the upcoming $3.8 billion Brass methanol project, aiming to enhance its energy sector and economic growth.
-
Zimbabwe commits to economic stability by ensuring new ZiG currency notes are only printed when backed by sufficient gold and foreign currency reserves.
-
As cocoa prices hit $10,000 per ton, West African farmers are rapidly switching crops to capitalize on the global chocolate crisis, affecting prices worldwide.
-
Zambia is on a quest for $900 million in financing as the country grapples with the looming specter of drought, expected to slash economic growth in half. The dire situation …
-
The South African rand extends its losses as risk sentiment deteriorates, reflecting broader concerns in global markets. Investors exhibit caution amidst geopolitical tensions and economic uncertainty, exerting downward pressure on …
-
Nigerian families face hardship as food prices surge, putting strain on budgets and affecting daily meals. Economic interventions fall short.
-
Chad’s interim president, Mahamat Idriss Deby, launched his presidential campaign on Sunday, promising to strengthen security and revive the economy as the country prepares for an election next month. The …