Nigeria’s oil sector looking to attract billion-dollar FDI
Nigeria recorded $47.60 million in FDIs for the first quarter of 2023, signifying a 69.28 percent year-on-year decline.
State of fiat
Your fiat money is backed by the issuing government’s “full faith and credit.” What’s that worth these days?
State of fiat informs about the situation of your local currency.
Tanzania Secures $195 Million Budget Support from European Union
President Samia Suluhu said the grants would accelerate the implementation of development programs in the country.
Diaspora remittances can now be received in naira — CBN
The move is the latest in a series of policies implemented by Nigeria’s new administration.
Uganda becomes Kenya’s fastest-growing source of diaspora remittance
With the Kenyan shilling depreciating, Kenyans in Uganda are finding it more profitable to send money home.
Nigeria’s new economic reforms an opportunity to achieve growth — World Bank
However, the bank advised that measures must be put in place to protect low-income households.
IMF set to decide on Zambia's extended credit facility
Upon board approval for the first review of the ECF arrangement, Zambia is expected to receive $188 million from the IMF.
Tanzanian central bank calls for the de-dollarization of local market
The government banned the use of USD in August 2007 and again in December 2017.