[Financial Gazette] THE return of the Zimbabwe dollar, whether soon or much later, in whatever form, is inevitable because the country's prevailing situation is untenable, the Zimbabwe National Chamber of Commerce Businessman of the Year, Tawanda Mutyebere, has said. … [Read more...]

[Sudan Tribune] Khartoum - Foreign exchange (Forex) bureaus in Sudan will be able to buy and sell currencies using their own exchange rate away from the official one, it was announced today. … [Read more...]

[The Herald] ZIMBABWE'S headline inflation has increased by 0,05 percent to close April at 4,03 percent, official figures show. The Zimbabwe National Statistical Agency reported that the annual rate of inflation reflected an upward trend last month after a decline in the previous month. … [Read more...]

[The Herald] A foreign currency dealer allegedly gave away her colleagues to suspected robbers who posed as police officers before robbing them of US$11 000 and 50 000 Rand. Letwin Maliselo (31), who operates near Road Port, worked in cahoots with Marchael Hovhiyo Nyakwima (26) and four others who are still at large. … [Read more...]

[Daily Trust] A 42 year-old Congolese, Seleto Papy, was yesterday arraigned before a Federal High Court in Lagos by the Economic and Financial Crimes Commission (EFCC) on a 5-count charge of unlawful possession of fake foreign currency totalling $38,400 (N6 million). … [Read more...]

[This Day] The naira continued its downswing against the United States dollar at the interbank for the third consecutive day as it fell by 90 kobo to close at N158.90 to a dollar, as against the N158 to a dollar it stood on Tuesday. … [Read more...]

[This Day] The naira maintained its downswing against the United States dollar at the interbank Monday due to renewed demand for the greenback by importers of petroleum products and others goods. … [Read more...]

[Public Agenda] Acting Government Statistician Dr Philomena Nyarko says New Patriotic Party (NPP) running mate Dr Mahamudu Bawumia got it wrong with his analysis that the months-long single digit inflation rate has not translated into lower prices of goods and services in local markets as well as commensurate with low interest rates. … [Read more...]

[Daily News] THE shilling continued to gain in a quite day of trading last Friday but with expectations of strengthening its performance against the US dollar. … [Read more...]

[Independent] The Uganda shilling came under pressure from the dollar dropping 1.2% percent last week touching 2495 from 2455/65 a week earlier. … [Read more...]

[EA Business] Kigali - The Rwandan Franc depreciated by 0.4 % against the US Dollar, 3.7% against the the British Pound in the first quarter of this year forcing the Central bank to push its key repo rate slightly higher, a move that would tempt commercial banks to increase their interests. … [Read more...]

[This Day] The naira dipped against the US dollar at various segments of the forex market last week due to increased demand for the greenback. … [Read more...]