Cash Runs Out in Khartoum as Sudan Struggles to Halt Economic Crisis
BY KHALID ABDELAZIZ | REUTERS Many cash machines in the Sudanese capital have run…
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Sudan Sharply Devalues Currency as Economic Crisis Bites
BY AFP Sudan slashed the official value of its currency against the US dollar…
Forex Crunch: Ethiopia’s Immovable Object
The recurrent cause of Ethiopia’s forex crunch ranges from declining export performance to increasing…
Sudan’s Inflation Climbs Over 55 pct in March
Central bank introduced restrictions on withdrawals, leaving many unable to extract their cash from…
Sudan Devalues Pound to 31.5 Against US Dollar
The Sudanese pound plummeted to record lows on the black market this year after…
Ethiopia: Capital Flight Reaching Alarming Level
BY SHIBERU TAMERAT | ABBAY MEDIA The illegal outflow of foreign currency out of…
Ethiopia President Says Country is Broke
A declining export, acute shortage of hard currency, an insatiable demand for imports, widening…
Eritrean Currency Stronger than South African Rand?
By Nick Paul, THE Rand has had a lot of flack for its devaluation…