Addressing the pressing issue of unemployment in Gauteng, the Department of Employment and Labour, under the leadership of Minister Thulas Nxesi, announced the launch of labor activation programmes aimed at generating job opportunities across various sectors in the region.  Partnering with private businesses, Skills Education and Training Authorities (SETAs), and Non-Governmental Organizations (NGOs), the government […]

Nigeria’s central bank has announced a significant policy change aimed at safeguarding the stability of its banking sector. In a circular issued on Monday, the bank declared that commercial lenders are no longer permitted to accept foreign currency-denominated collateral for naira loans. This directive comes in response to observed risks associated with the practice, which […]

Zimbabwe has launched a new gold-backed currency, ZiG, in an effort to stabilize its volatile economy. The move aims to address the ongoing economic challenges that have plagued the nation for over two decades. Central bank governor John Mushayavanhu unveiled ZiG, emphasizing its structured design and market-determined exchange rate. The decision comes as a response […]

Amid economic fluctuations, South Africa’s consumer spending remained resilient throughout 2023, according to insights from Visa and Discovery Bank. The SpendTrend24 report reveals that while 2022 saw a surge in post-pandemic spending, 2023 portrayed a more measured growth trajectory, closely tracking inflation rates. Elevated interest rates and inflationary pressures have strained consumers’ finances, particularly impacting […]