Abuja, Nigeria — West African leaders meeting in Abuja have issued a sweeping communiqué that hardens the regional bloc’s stance against coups, revives momentum for a single currency, and lays out a far-reaching reform agenda ahead of a Special Summit on the future of ECOWAS. At the 68th Ordinary Session of the ECOWAS Authority of…
A retail CBDC is defined as a purely digital banknote, denominated in the national unit of account, says SARB. The South African Reserve Bank’s (SARB’s) position paper on a retail central bank digital currency (CBDC) in South Africa has concluded there is no compelling immediate need for its implementation. In a statement, the central bank…
The Nigerian Naira has been ranked as the ninth weakest currency in Africa in Forbes’ September 2025 currency calculator report, highlighting persistent pressure on the country’s economy despite recent gains in easing inflation. The Forbes currency calculator, which uses real-time foreign exchange data sourced through the Open Exchange Rates API, updates every five minutes to…
The African Development Bank (AfDB) has approved a $25 million equity investment in The Currency Exchange Fund (TCX) to strengthen access to long-term local currency hedging solutions across emerging and frontier markets, particularly in Africa. The Bank said the new capital injection would increase TCX’s ability to absorb risk and extend its reach into illiquid…
This week, The Bank of Namibia unveiled newly upgraded coins – the country’s first major redesign since independence – and introduced next-generation polymer banknotes. Branded under the theme ‘Our Currency, Our Heritage, Our Pride’, the new money represents progress: improved durability, enhanced security and a celebration of national identity. But beneath this symbolic leap forward…
MoData helps clients digitise manual processes. (Image: MoData) South Africa is poised for a digital currency shift, and technology innovator MoData states that it is positioned to play a key role in underpinning the next generation of money. As South Africa accelerates its digital currency ambitions, the South African Reserve Bank (SARB) is laying the…
LinkedIn is emerging as a trusted voice among the bevy of social platforms. Online professional network service LinkedIn has edged past Meta-owned social media platforms Facebook and Instagram as the most utilised platform by brands. This is according to World Wide Worx MD Arthur Goldstuck, detailing several key takeaways from the latest SA Social Media…
