The African Development Bank’s proposal for a currency backed by critical minerals – such as cobalt, lithium, and rare earth elements – has sparked both excitement and scepticism. This initiative, ...

President Donald Trump on Thursday warned off BRICS member countries from replacing the US dollar as a reserve currency by ...

President Cyril Ramaphosa denied his government is taking land as Trump suggested. The South African leader said he wants to ...

Trump’s comments, made on Truth Social, sparked a 1.9 per cent fall in the South African currency, which weakened to R19 per dollar. He later told reporters that South Africa’s leadership ...

When we use PAPSS, it’s still a net settlement in hard currency, but without having to go via the euro or the US dollar.” Africa is still many years away from having the political will or the monetary ...

US President Donald Trump has warned the BRICS member countries against replacing the US dollar as a reserve currency by ...

Interbank FX markets remain limited in several African countries due to insufficient liquidity and convertibility risks ...

The US President says if BRICS nations attempt to replace the US dollar in international trade, they can go and find "another ...

Nigeria can benefit from a Brics partnership but it must find a careful balance between the relationship and the interests of its western allies.