Emerging economies let currencies slide

The global appreciation of the United States dollar--fuelled by exceptionally rapid growth in the world’s largest economy amid challenges in the Euro Zone--is sending shock waves across East Africa, holding the region’s currencies captive, The Citizen has learnt.

East African economies are caught up in a global currency war that could see the local units weaken in the face of cautious devaluation of the Chinese yuan and a US interest rate hike that could come as early as next month.

Japan's financial and monetary authorities examine creation of digital currencies  The Japan Times

The International Comparison Programme (ICP) released new data on Tuesday showing that the world economy produced goods and services worth over $90 trillion in 2011, and that almost half of the world’s total output came from low and middle income countries.

Mbowe allays fears over fall of Tanzanian Shilling against major world currencies
IPPmedia
The National Chairman of opposition Chama cha Demokrasia na Maendeleo (Chadema), Freeman Mbowe,has allayed fears over fall of Tanzanian Shilling against the major currencies, saying that the gradual fall actually has a positive impact on the country's ...

The Ebola outbreak could have a catastrophic economic impact on three West African countries, the World Bank says.

Four of the world's emerging economies, including South Africa, say they are far ahead of developed countries in their efforts to slow climate change.

BBC's Maya Hayakawa explains how the virus might affect African countries' economies.

The launch last week of a development bank and an emergency reserve fund by the Brics -- Brazil, Russia, India, China and South Africa -- appears to be a concrete attempt to address inequities created by European and American dominance at the World Bank and the IMF.