Business News
Is Africa quietly building alternatives to dollar dependency?
6 months agoA man hold the Nigerian Naira and the US Dollars. African financial institutions and regional blocs are developing payment systems aimed at reducing reliance on the US dollar for intra-African trade and settlements.
For decades, most cross-border trade involving African businesses has relied heavily on the US dollar, even in cases where neither side of the transaction was American. A company in Zambia…
