Central
The Democratic Republic of Congo (DRC) is partnering with DRC Gold Trading SA to supply gold sourced from artisanal mining operations to the central bank. This initiative aims to capitalize on the country’s mineral wealth and rising global gold prices. Domestic gold anchors Congo’s central bank strategy amid conflict Under the new framework, DRC Gold […]
Nigeria has secured a permanent seat on the Board of the African Central Bank, a development officials say places the nation at the center of efforts to unify monetary systems and strengthen financial governance across Africa. The country also maintains representation on the Board of the Technical Convergence Committee of the African Monetary Institute, a […]
Nigeria secured a permanent seat on the board of the African Central Bank during the ongoing 39th African Union Summit. Foreign Affairs Minister Yusuf Tuggar confirmed the achievement, calling it a significant milestone for Nigeria and the West African region. This year’s summit focuses on assuring sustainable water availability and safe sanitation systems to achieve […]
The Bank of Uganda (BoU) has decided to maintain its Central Bank Rate at 9.75% during its Monday meeting. This rate has been consistent since October 2024. Inflation and Monetary Policy BoU Governor Michael Atingi-Ego stated that the current policy remains suitable for supporting economic activity while keeping inflation near the bank’s target of 5% […]
The Bank of Ghana is implementing new regulatory and digital infrastructure initiatives to improve cross-border payments and foster inclusive economic growth across Africa. These efforts aim to address challenges related to payment interoperability, regulatory trust, and consumer protection that currently hinder intra-African trade. FinTech Passport Initiative The Bank of Ghana is collaborating with the Bank […]
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