Across Africa, the strength of a country’s currency frequently influences its cost of living, trade performance, and economic stability. When the currency of an African country drops dramatically, it exposes the economy to greater import costs, inflationary pressures, and decreased investor confidence. Currency strength significantly impacts economic conditions in African countries. Ghana’s currency, the Cedi,…
Africa’s two largest economies are feeling the strain of Washington’s tariff crackdown, as Nigeria and South Africa adjust their postal services to comply with sweeping new rules imposed by the United States. The United States’ new tariff regulation affects international postal shipments, particularly from Nigeria and South Africa. The South African Post Office (SAPO) has…
South African President Cyril Ramaphosa has inaugurated a pioneering G20 taskforce to address global wealth inequality, with a focus on its impact on growth, poverty, and multilateral cooperation. President Cyril Ramaphosa launched a G20 task force to address global wealth inequality. This initiative emphasises South Africa’s focus on developing nations’ challenges, such as debt and…
