kwacha

Some of Africa’s Currencies Struggled In 2016

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From a fall in Zambia’s Kwacha blamed on halted mining production to a plummet of Nigeria’s naira due to a chronic currency shortage, various African countries saw the value of their currencies depreciates this year, threatening economic growth. Nigeria’s naira slumped 23 percent against the dollar in June after the central bank had removed its … Read more

Ghana’s Cedi and Zambia’s Kwacha Were the Worst Performing Currencies of 2014

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Ghana’s cedi and Zambia’s kwacha are set to end 2014 as the worst performing African currencies among a small basket that are relatively liquid, as falling commodity prices take a toll on some of the continent’s “lion” economies. The cedi has lost about 27 percent in 2014, one sign of a fiscal crisis in an … Read more