Ethiopia floats the birr to secure IMF support, causing a 30% drop in value.
Foreign Investment
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Egyptian President Abdel Fattah al-Sisi reshuffled the cabinet, bringing in new finance and foreign ministers to tackle economic challenges, inflation, and power cuts.
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Nigeria’s Central Bank (CBN) announced a new policy on April 8th, 2024, restricting the use of foreign currency-denominated collateral for naira loans. This move is intended to safeguard the banking…
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In a bid to tame its economic woes, Zimbabwe has unveiled a brand new gold-backed currency – the Zimbabwe Gold (ZiG). This audacious move signifies the nation’s determination to stabilize…