Ethiopia has appointed Fitsum Assefa as its new Finance Minister as Prime Minister Abiy Ahmed begins a new five-year term and reshapes his government following the country’s latest parliamentary elections. Fitsum, who previously served as Minister of Planning and Development, moves into the finance portfolio at a critical moment for Ethiopia as the government continues […]
Tanzania’s central bank has accumulated approximately 28 metric tonnes of gold over the past 18 months as part of an ambitious strategy to strengthen the country’s international reserves, stabilize the Tanzanian shilling, and enhance long-term financial resilience. The announcement was made by Bank of Tanzania Governor Emmanuel Tutuba during the 2026 African Caucus meeting of […]
Libya’s fragile economy is facing renewed turmoil as the Central Bank of Libya launches an emergency recall of 50 and 20 dinar banknotes after uncovering a massive wave of counterfeit currency in circulation. Authorities say the fake banknotes many allegedly printed in Russia under a rival administration during the country’s political divide have triggered a […]