Spread the loveFaith Nyasuguta  Africa loses an estimated $5 billion every year due to its reliance on foreign currencies, particularly the US dollar, for trade. This dependency raises transaction costs, delays trade settlements, and exposes African economies to currency fluctuations, making trade more expensive and less competitive. For decades, African nations have conducted both intra-continental … Continue reading EVERY YEAR, AFRICA LOSES $5 BILLION IN FOREIGN CURRENCY TRADE