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…...
Trending
- Royal Air Maroc temporarily suspends several African and European routes
- King of Morocco pardons Senegalese nationals convicted after violence at CAN 2025 final
- Senegal obtains 55 billion CFA francs from investors in the UMOA financial market
- Tripoli hosts a strategic meeting between the Central Bank of Libya and Numisma Bank
- Simandou 2040 Program: Guinean State and Chalco Guinea Company sign agreement to build an alumina refinery in Boffa
- African Textile: The Challenge of Transformation
- Senegal: Ousmane Sonko is no longer Prime Minister
- Africa facing the development of “cryptocurrencies”
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.
Add A Comment
About us
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….
Contact us: redaction@financialafrik.com