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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

Inflation Crisis

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Africa

Nigerian authorities warn against violent protests

Nigeria is bracing for nationwide protests over the high cost of living, with authorities cautioning against violent demonstrations similar to those in Kenya that led to a government reversal on new taxes. The AFP news agency reports that while facing severe inflation and a devalued naira after President Bola  Tinubu's economic reforms, the #EndbadGovernanceinNigeria movement has gained traction online. As inflation skyrockets, many poor Nigerians have had to skip meals […]

todayAugust 1, 2024 11

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Africa

Zimbabwe’s banks caught off guard by new gold-backed currency

The Zimbabwe Gold officially started trading just days after it was announced it would replace the Zimbabwean dollar, which has tumbled in value over the past year, pushing inflation through the roof. But many in the country were not ready for the switch. Eddie Cross an economist from Zimbabwe says even the banks haven’t been fully able to translate their accounting systems.

todayApril 10, 2024 41

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