There is a reason South Africa’s currency is called “the rattler.”

Officially launched in December 2021, the Victoria Falls Stock Exchange (VFEX) is the first bourse on the sub-continent trading exclusively in US dollars.

Angola has recovered assets worth more than US$11 billion (R166 billion) that had been looted from state coffers and stashed in countries around the world, the justice minister said on Thursday.

South Africa will seek to harness a multibillion-dollar dagga and hemp industry in a bid to create as many 130 000 jobs and lure foreign investment as it grapples with record unemployment. 

The International Monetary Fund (IMF) says South Africa faces lacklustre growth in the medium-term, despite a faster-than-anticipated recovery from the COVID-19 pandemic.

The City of Windhoek has extended Jennifer Comalie’s tenure as Acting Chief Executive Officer by three more months.

Former finance minister Tito Mboweni has been appointed as a regional advisor for the US investment bank Goldman Sachs.

China’s development banks provided $23 billion in financing for infrastructure projects in sub-Saharan Africa from 2007 to 2020, more than double the amount lent by such banks in the United States, Germany, Japan and France combined, a new study showed.

Evidence emerging from the first central bank digital currencies (CBDCs) around the world suggests there is no one-size-fits-all model as stability and privacy are designed into systems, the head of the International Monetary Fund has said.

Zambia’s central bank expects to complete research on forming a digital currency that could cut transaction costs and boost participation in the formal financial system by the fourth quarter.

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