Africa’s ambition to reduce reliance on the US dollar for cross-border trade is still far from bearing fruit, but more countries are now adopting local currency payment systems. Some nations are using ...

NAIROBI (Reuters) - A pan-African payments infrastructure provider designed to facilitate trade on the continent is piloting an African currency market platform to boost commerce across borders in the ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. The launch was announced on the sidelines of the 2025 Afreximbank ...

NAIROBI, Aug 16 (Reuters) - East Africa's economies have long nurtured ambitions to issue Eurobonds to tap foreign interest in their economic growth, yet in reality they are no closer to matching west ...

Former Nigerian President, Olusegun Obasanjo has renewed his longstanding call for the adoption of a single African currency, warning that the continent’s overreliance on the US dollar continues to ...

New platform will allow direct exchange of African currencies Continent's FX market dominated by local/hard currency pairs Aims to boost commerce with the system after ongoing tests NAIROBI, March 12 ...