Tanzania is currently in the process of regulating the use of foreign currencies for local transactions, and instead opt exclusively for the use of the Tanzanian Shilling. Tanzania is regulating the use of foreign currencies for local transactions. The central bank is amending regulations to exclusively use the Tanzanian Shilling for financial transactions within the…
Africa’s top five economies—Nigeria, South Africa, Egypt, Algeria, and Ethiopia—are home to some of the continent’s billionaires. Top five African economies include Nigeria, South Africa, Egypt, Algeria, Ethiopia African billionaires have leveraged the economic growth of these thriving nations to scale their businesses and increase their wealth. Billionaires like Aliko Dangote (Nigeria), Johann Rupert (South…
S&P Global Ratings has cautioned that the intensifying conflict between Rwanda and the Democratic Republic of Congo (DRC) could negatively impact their credit ratings, as the economic strain of war weakens both nations. Intensifying Rwanda-DRC conflict could impact credit ratings negatively. Rwanda risks losing foreign aid, critical for its budget. DRC may experience stretched finances…
