Opinion: Africa does not need a single currency

Opinion: Africa does not need a single currency

By Piotr Arak AT Contributor The process of increasing international trade in Africa and decreasing barriers that can foster growth resembles the goals and policies introduced successfully in Europe. This year Africa will take a big step towards tackling entrenched economic problems including a dearth of intra-regional trade as the…

Mnangagwa defends Zimbabwe currency decision

Mnangagwa defends Zimbabwe currency decision

President Emmerson Mnangagwa said Tuesday that the country’s decision to return to a single Zimbabwean currency is part of a suite of decisions meant to stabilize the economy – but the abrupt decision to make other currencies illegal, effective immediately, has caught many off guard. Mnangagwa said the use of…

Nigeria’s Buhari heads to Niamey for ECOWAS currency meeting

Nigeria’s Buhari heads to Niamey for ECOWAS currency meeting

President Muhammadu Buhari of Nigeria is headed for Niger to discuss progress on a long-awaited common currency for the region’s West African Monetary Zone (WAMZ). Buhari, along with Minister of Finance Kemi Adeosun and Nigerian Central Bank head Godwin Emefiele, leave Tuesday for Niamey along with other common currency task…

Zimbabwe: Short Mugabe address skims State of the Nation surface

President Robert Mugabe of Zimbabwe delivered his State of the Nation address Tuesday, in a short speech that skimmed atop the surface of the country’s spiraling economic and political challenges. In Harare, the 92-year-old Mugabe spoke for just 28 minutes while addressing parliament in a chamber that frequently burst into…