currency

Senegal’s upcoming presidential election is heating up, with candidates clashing over economic policy, particularly regarding the country’s currency. Amadou Ba, the candidate for the ruling coalition and former Prime Minister, …

Egypt’s central bank shocked the nation on Wednesday by letting the pound float freely in the market, slashing its value by more than a third against the dollar. The move …

Egypt’s central bank unexpectedly raised its key interest rate by 200 basis points on Thursday, signaling that a long-awaited currency devaluation and a new deal with the International Monetary Fund …

Africa’s largest economies are set to diverge from the global path of lower interest rates as they grapple with high inflation and currency pressures. While some countries such as Nigeria …

Kenya’s shilling has been on a downward spiral for the past two years, losing nearly 25% of its value against the US dollar. This has caused inflation, higher import costs, …