Zimbabwe's Zig Currency Boosted by Rising Reserves: An Economic Turning Point?
2 months ago
In a significant development for Zimbabwe's economy, the country's reserves backing its innovative currency, the Zig, have surged to approximately $629 million. This marks a crucial step towards stabilizing a currency that has been the subject of scrutiny and skepticism in recent years.
Continue reading
UK Initiatives to Break Banker Stalemate in Transition Finance
7 months ago
The UK government is actively addressing the stagnation in the transition finance sector, driven by concerns over climate change and the need for a rapid shift towards a sustainable economy. As financial institutions display hesitance in allocating investments for green projects, the UK authorities are stepping in to provide clarity and encouragement for bankers to engage more actively in funding the transition towards a low-carbon future.
Continue reading