Apr 19, 2024
China Cancels Part of Zimbabwe's Debt as Country Grapples with Financial Crisis
According to government data, Western countries and international financial institutions make up 70% of Zimbabwe's external debt, while obligations to China account for just 15%....
Apr 17, 2024
Nigerian Socialite Charged for Abusing Banknotes Amid Crackdown on Currency Abuse
Okechukwu, who owns a well-known nightclub in the oil-rich Delta State, faced the court on Wednesday in Lagos' Federal High Court where he was granted bail set at 10 million naira (approximately $8,600)...
Apr 16, 2024
Ugandan Traders Shut Down Businesses in Protest Against New Tax System
The system, known as the Electronic Fiscal Receipting and Invoicing System (EFRIS), was introduced by the Uganda Revenue Authority in January 2021 to monitor sales and taxes in real-time....
Apr 16, 2024
Nigeria Faces Record Inflation Rate: The Highest in Nearly Three Decades
The NBS has identified food as the primary driver of this inflation spike, attributed to soaring costs of staples such as bread, grains, dairy, eggs, meat, and vegetable oil....
Apr 16, 2024
Zimbabwe Faces Currency Crisis: 75% of Zimbabweans Forced to Use the US Dollar as New ZIG Launch Stalls
The informal sector, which constitutes about 75% of employment in Zimbabwe, has ceased accepting the Zimdollar, also known as the RTGS dollar, due to fears of its depreciating value....
Apr 13, 2024
Nigerian Transgender Influencer Bobrisky Sentenced for Currency "Spraying" at Social Event
Bobrisky, who has a following of five million on social media, pleaded guilty to the charges brought against her by Nigeria’s anti-graft agency following her arrest last earlier this month....
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