The African Development Bank Group (AfDB) is exploring a new currency model that is backed by African minerals to mitigate volatility risks and support the continent’s energy transition goals. In a new paper published by AfDB and KPMG South Africa, resource-rich countries can overcome foreign currency volatility by pooling together their minerals into a non-circulating…...
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AfDB proposes new mineral backed currency for energy projects
Muthoga Mungania
Muthoga Mungania is an award-winning, Nairobi-based multimedia journalist covering economic, corporate, financial, tech and investor relations matters among other business stories. Muthoga is seasoned in data and market analysis, corporate finance, and economic trends, making them a trusted voice in East African business journalism, communications and consultancy.
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Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, give meaning to statistics….
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