Tag Archive
Uganda: Bugisu Resettlement Audit Flags Potential Shs60bn in Inflated Claims
[Nile Post] A government verification exercise in the Elgon sub-region has uncovered significant discrepancies in beneficiary lists for the landslide resettlement programme, with inflated entries potentially accounting for nearly Shs60 billion in publi…
Nigeria: Naira Rises, Now N1,374/$ in Parallel Market
[Vanguard] …As interbank turnover rises 445%
Nigeria: Currency Outside Banks Rises 104 Percent in 3 Yrs – CBN
[Vanguard] Currency held outside the banking system by Nigerians rose by 103.8 per cent to N4.923 trillion in September 2026 from N2.416 trillion in September 2023, highlighting the persistent demand for physical cash despite the expansion of electroni…
Nigeria: Naira Holds Steady As Bonny Light Hits $115 and Reserves Reach $55bn
[Leadership] The naira enters November on firm ground, backed by higher crude prices, a four-year high in oil output and a sharp rise in external reserves.
Somalia: Somalia’s Finance Ministry Says National Currency Will Be Printed Soon
[Shabelle] Mogadishu, Somalia — Somalia’s Upper House of Parliament has reviewed proposed amendments to the Central Bank Law and continued deliberations on legislation to establish a national environmental management authority.
Zimbabwe: We Are Not Rushing to End USD Dollar Use – RBZ Says
[263Chat] Reserve Bank of Zimbabwe (RBZ) Deputy Governor Dr Innocent Matshe has assured businesses and the public that Zimbabwe’s transition towards a mono-currency system will be gradual and market-driven, ruling out any rushed move to abandon the mul…
Zimbabwe: Zimbabwe Wants Digital Payments to Build Trust in Its Newest Currency. Why Technology Alone Won’t Be Enough to Save the ZIG
[The Conversation Africa] Zimbabwe’s central bank wants people to use the ZiG, a gold-backed local currency launched in April 2024, alongside the US dollar. A proposed real-time payment system based on Indian technology could help make the ZiG easier a…
Nigeria: Despite Cashless Policy, Patients Allege Cash Payments in FCT Hospitals
[Daily Trust] Residents seeking healthcare in public hospitals across satellite towns of the Federal Capital Territory (FCT) have alleged persistent cash-only payment practices.
Liberia: The Stronger Liberian Dollar Must Reach the Market
[Liberian Investigator] The exchange rate has moved from about L$190 to L$170 for US$1, but small traders say wholesalers still convert their purchases at the old rate. The government must establish what is happening, enforce transparent pricing and en…
Mozambique: Volume of Currency Trading Reached 5.73 Billion Dollars
[AIM] Maputo — Mozambique’s foreign exchange market has recorded a high volume of currency trading between January and August of this year, with commercial banks purchasing 5.73 billion US dollars.