kenya-explosions

Morocco moves closer to launching central bank digital currency

Morocco is advancing plans to launch a central bank digital currency (CBDC), the e-Dirham, as part of a broader push to modernize its financial system and boost financial inclusion. The central bank governor Abdellatif Jouahri said late September that the project had entered an “advanced study phase,” positioning Morocco among more than 100 countries exploring […]

China’s plans to boost renminbi use in Africa face serious headwinds — CEIP study

While China has announced plans to boost the use of the Chinese currency renminbi in Southern Africa, part of Beijing’s efforts to diminish use of the dollar, a new study by Carnegie Endowment for International Peace (CEIP) highlights a number of major obstacles that stand in the way of BRICS’ de-dollarization efforts. In a visit […]

CBE Holds Interest Rates Steady as Egypt Navigates Persistent Inflation Pressures

Egypt’s Monetary Policy Committee on Thursday, November 20, has opted to maintain all key interest rates, keeping the overnight deposit rate at 21 percent, lending at 22 percent, and the main operation and discount rates at 21.5 percent. The decision underscores a guarded policy posture as inflation risks remain elevated both at home and abroad. […]