Tag: African Economy
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🇬🇭 B2B Trade Could Become Africa’s Next Stablecoin Frontier
Stablecoins could become a major settlement tool for African businesses, with B2B trade potentially overtaking remittances as a key driver of adoption. GSN chief Ryan Kirkley says FX liquidity, correspondent banking and regulation will determine whether digital dollars can deliver real savings.
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🇬🇧 UK Welcomes Airtel Money’s London Stock Exchange Debut
Airtel Money has begun conditional trading on the London Stock Exchange at a valuation of approximately £5.3 billion, marking a major milestone for Africa’s digital financial services sector and strengthening London’s position as a gateway for African-focused investment.
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🇬🇭 🇲🇱 🇧🇫 Ghana’s $20 Billion Gold Boom: Why Accra Is Pulling Ahead of Mali and Burkina Faso
Ghana’s gold industry is entering a new era. With nearly six million ounces produced in 2025 and gold export earnings reaching about $20.2 billion, Accra is using GoldBod to tighten control over the gold trade, formalise artisanal mining and retain more mineral wealth inside the country. Ghana’s strategy now places it in direct comparison with…
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🇬🇭 🇨🇳 Ghana Opens Direct Cedi-to-Yuan Payment Channel With China, Reducing Reliance on the Dollar
Ghana has launched a direct cedi-to-yuan payment mechanism that allows businesses to settle eligible China trade transactions without using the US dollar as an intermediary. Piloted by Stanbic Bank Ghana, the system uses China’s CIPS network and could reduce settlement times and foreign-exchange costs while strengthening Ghana-China trade.
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🇬🇭 Ghana’s Treatment of Foreigners Sparks Debate Over Business Culture and National Mindset
ACCRA, GHANA — A statement attributed to Fouad Chalabi, a former Commercial Director of Spacefon, now known as MTN Ghana, has reignited discussion about how Ghana treats foreign investors and businesspeople compared with its own citizens. Chalabi, who has reportedly conducted business in Ghana as well as Lebanon, is quoted as saying: “Ghanaians treat foreigners…
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🇬🇭 Ghana Moves to End Raw Gold Exports as New Refining Rules Take Effect
By Panafrican.email News Desk Ghana, Africa’s leading gold-producing country, has tightened controls on gold exports as the government moves to retain more value from the country’s mineral wealth through domestic processing. Under a new directive from the Ghana Gold Board (GoldBod), unrefined gold doré can no longer be approved for export under the affected trading…
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Anti-Migrant Protests Trigger Economic Shockwaves Across South Africa
South Africa is experiencing growing economic disruption as escalating anti-migrant protests force tens of thousands of foreign nationals to leave the country, affecting key industries that depend heavily on migrant labour. From domestic services and food delivery to textile manufacturing, businesses are reporting significant operational challenges as workers flee amid rising hostility and insecurity. The…
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Africa’s Banking Leaders Chart the Future of Finance at Bloomberg Africa Business Summit 2025
Johannesburg, South Africa — Africa’s banking industry is entering a defining era, driven by rapid technological innovation, stronger regulatory frameworks, and evolving customer expectations. These themes took center stage at the Bloomberg Africa Business Summit 2025, where four of the continent’s leading banking executives discussed the opportunities and challenges shaping the future of African finance.…
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🇿🇦Is Johannesburg Collapsing? Why South Africa’s Economic Hub Is Facing a Deepening Crisis
Mounting debt, failing infrastructure, and governance challenges are raising concerns about the future of Africa’s largest city—and the lessons it holds for the continent.