by afrikanfrontier | Apr 17, 2024 | Business, Finance, News
Zimbabwe’s currency, the ZiG, has seen a notable strengthening this week as an increasing number of companies transition their payment systems to the unit. In a bid to mitigate volatility, authorities have pegged the ZiG to the price of gold. Additionally,...
by afrikanfrontier | Apr 5, 2024 | Business, Finance, News
The appointment of John Mushayavanhu as Zimbabwe’s new central bank governor marks a pivotal moment in the country’s pursuit of economic sovereignty and stability. Inheriting an institution tarnished by a history of hyperinflation and erratic monetary...
by afrikanfrontier | Feb 20, 2024 | Finance, News
Zambia’s kwacha has enjoyed a remarkable surge, its longest winning streak in almost a year. While initial reports celebrate this rise, a closer look reveals a more nuanced picture, highlighting potential risks and raising questions about long-term...
by afrikanfrontier | Feb 15, 2024 | Business, Finance, News
Nigeria’s financial landscape is reeling from the sudden and tragic loss of Herbert Wigwe, the co-founder and CEO of Access Bank. The 57-year-old visionary leader, along with his wife, son, and three others, perished in a helicopter crash in California’s...
by afrikanfrontier | Feb 15, 2024 | Business, Finance, News, Politics
Zimbabwe’s economic woes take a new turn as the government contemplates backing its currency with gold. This proposal, announced by Finance Minister Mthuli Ncube, aims to combat the rampant exchange rate volatility crippling the nation. The Zimbabwe dollar has...
by afrikanfrontier | Feb 15, 2024 | Business, Finance, News, Politics
Ghanaian President Nana Akufo-Addo has sent shockwaves through the nation with a major cabinet reshuffle, just months ahead of December’s crucial elections. In a move that carries significant political implications, the president dismissed Finance Minister Ken...