Tag: central bank

Tanzania strengthens gold reserves as Central Bank buys 28 tons

Tanzania's central bank bought 28 metric tons of gold to strengthen foreign reserves, support the shilling and bolster long-term economic stability.

Oluwatosin Alao Oluwatosin Alao

Ethiopia injects $500 million in FX auction to stabilize currency market

Ethiopia injects $500M into FX auction as dollar shortages deepen, signaling ongoing pressure on the birr and market reforms.

Timilehin Adejumobi Timilehin Adejumobi