NAIROBI, Jan 31 (Reuters) - Africa's development bank is proposing a new 'gold standard' style currency arrangement backed by critical minerals such as cobalt, copper, lithium, manganese and some ...

Africa houses around 30% of critical minerals, essential for the energy transition. However, the continent attracts only 3% of global energy investment, while it requires over $200 billion annually to ...

In West Africa, they reflect the complex legacies of colonial rule and decolonisation. It was once popular to refer to a “currency revolution”, in which colonial coins and notes displaced indigenous ...

The airlines’ fiasco is one case that was overly amplified. The reality is that Africa is a hotspot of suffering for multinationals. One major contributing factor is the currency crisis. Essentially, ...

A single currency would not only help to boost economic growth in Africa, but also bring greater stability, reduce the cost of doing business, and increase the competitiveness of African products ...

Moreover, eight ECOWAS countries, largely francophone, are already members of a currency union—Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo. These members of the ...