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Top 10 African Currencies Against the US Dollar.
The Power Players: Africa’s 10 Strongest Currencies Against the US Dollar.
By: Prince (Dr.) Peretengboro Klintin Bibaikefie.
In the complex world of global finance, the strength of a nation’s currency speaks volumes about its economic stability and potential. Across the diverse landscape of Africa, a handful of currencies have managed to stand strong against the mighty US Dollar, showcasing the economic prowess and resilience of their respective nations.
1. Libyan Dinar (LYD)
Leading the pack is the Libyan Dinar, with an exchange rate of approximately 4.46 LYD to 1 USD. Despite the nation’s recent challenges, its currency maintains its strength, reflective of its vast oil reserves.
2. Tunisian Dinar (TND)
The Tunisian Dinar holds its ground at around 2.79 TND to 1 USD. Tunisia’s diversified economy, including tourism and manufacturing, contributes to the stability of its currency.
3. Ghanaian Cedi (GHS)
Ghana’s robust economy helps keep the Ghanaian Cedi strong at about 6.05 GHS to 1 USD. The nation’s gold, cocoa, and oil industries play a pivotal role in maintaining this strength.
4. Moroccan Dirham (MAD)
With an exchange rate of roughly 9.06 MAD to 1 USD, Morocco boasts a stable currency due to its diverse economic sectors, including agriculture, tourism, and textiles.
5. Botswana Pula (BWP)
The Botswana Pula stands firm at around 11.05 BWP to 1 USD. Backed by a stable political environment and diamond mining industry, Botswana showcases an unwavering currency.
6. Zambian Kwacha (ZMW)
Zambia’s currency, the Kwacha, holds at approximately 23.32 ZMW to 1 USD. The nation’s copper industry influences its currency’s strength despite economic fluctuations.
7. South African Rand (ZAR)
One of Africa’s largest economies, South Africa, sees its Rand at about 15.07 ZAR to 1 USD. The currency’s strength is influenced by mining, manufacturing, and financial services.
8. Namibian Dollar (NAD)
With an exchange rate of roughly 11.05 NAD to 1 USD, Namibia’s currency remains stable due to its diamond mining and tourism industries.
9. Egyptian Pound (EGP)
Egypt’s economic diversification helps maintain the Egyptian Pound at around 15.69 EGP to 1 USD. Sectors such as tourism, Suez Canal revenues, and remittances play a role.
10. Seychellois Rupee (SCR)
Closing the list, the Seychellois Rupee stands at approximately 14.07 SCR to 1 USD. Tourism and fishing contribute to the stability of this island nation’s currency.
While these currencies project economic stability, it’s important to note that exchange rates can fluctuate due to a variety of factors, including geopolitical events and global economic shifts. The strength of these currencies reflects the nations’ commitment to maintaining stable economies amidst the ever-changing global financial landscape.
News
NSCDC Busts Suspected Baby Factory in Lagos, Rescues 28 Victims
By Favour Bibaikefie
LAGOS — Operatives of the Nigeria Security and Civil Defence Corps have uncovered a suspected baby factory in Badagry area of Lagos State, rescuing 28 persons during a late-night raid.
Authorities said those rescued included 18 adults and 10 children. Among the adults were 17 pregnant women, while one case involving a suspected miscarriage was also recorded. Two persons were arrested in connection with the operation.
The Lagos State Commandant of the NSCDC, Adedotun Keshinro, disclosed that the raid followed weeks of intelligence gathering and surveillance.
According to him, the facility, located in Okuju-Ilado, Badagry, was made up of several apartments and had been monitored for about three weeks before security operatives moved in around midnight on Wednesday.
Keshinro alleged that the operators targeted vulnerable pregnant women by offering them financial inducements. He further claimed that the women were made to sign agreements and were subsequently restricted from leaving the premises freely.
Investigators also suspect that the syndicate used a fake social media profile to attract unsuspecting victims before moving discussions to private channels.
However, one of the arrested suspects denied wrongdoing, insisting that the women came willingly and that no unlawful activity took place.
A woman rescued from the premises reportedly told officials that she entered the facility voluntarily after being abandoned by the man responsible for her pregnancy.
Some community leaders in the area said residents had observed unusual movements around the compound but did not know the true nature of activities there until the security operation was carried out.
The NSCDC said both suspects and rescued victims would be transferred to the appropriate anti-human trafficking agency for further investigation and necessary action.
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Tinubu Sparks Reactions With Remark: “I Took Over Leadership From Myself, Buhari Is Me”
By Tama Peretengboro
ABUJA — President Bola Ahmed Tinubu has stirred public discussion after making a remark in which he said he “took over leadership from myself” and described the late Muhammadu Buhari as being inseparable from his own political identity.
The statement, made during a public appearance captured in a viral video, quickly generated widespread reactions across political and social circles, with many Nigerians debating the meaning and context of the President’s comments.
Observers said the remarks appeared to underscore Tinubu’s close political association with Buhari and the continuity of governance between both administrations. Others interpreted the comments as an attempt to highlight the shared vision and alliance that existed between the two leaders during Buhari’s tenure.
Since assuming office in May 2023, Tinubu has repeatedly acknowledged Buhari’s role in the formation and electoral success of the All Progressives Congress, as well as the political transition that brought the ruling party to power.
The resurfaced clip has since fueled fresh commentary online, with supporters defending the statement as symbolic and critics questioning its phrasing.
As of the time of filing this report, the Presidency had not issued any formal clarification regarding the viral video.
See video: https://www.instagram.com/reel/DXOOaYSCG23/?igsh=MTF6MzJlOWptanJlYQ==
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HON. ALAPALA DECLARES BID FOR 2027 DELTA ASSEMBLY RE-ELECTION
By Divine Perezide
BURUTU — The member representing Burutu State Constituency I in the Delta State House of Assembly, Hon. Alapala Anthony Ebitonmo, has officially announced his intention to seek re-election in the 2027 polls.
Hon. Alapala made the declaration while addressing executives of the All Progressives Congress in Burutu Local Government Area, shortly after the release of the Independent National Electoral Commission timetable and the party’s schedule for the May 16 State Houses of Assembly primaries.
During the meeting, the lawmaker expressed gratitude to party leaders and members for their support during the 2023 general elections, particularly commending members in Burutu LGA for their steadfastness throughout the legal disputes that followed the polls.
He recalled that after his initial victory was overturned by the Court of Appeal, party loyalists remained committed until he eventually emerged victorious in the rerun election.
Speaking on his stewardship, Alapala said his administration had recorded notable progress despite the challenges that marked the early period of his tenure. He noted that the political developments in Delta State, including the alignment of major political blocs and the emergence of Rt. Hon. Sheriff Oborevwori as leader of the APC in the state, had created a more favourable atmosphere for governance.
The legislator stated that several constituency projects are ongoing across the six wards of Burutu North, stressing that grassroots development remains central to his agenda.
On human capital development, he disclosed that more than 50 constituents are currently serving in various appointments under his office, with beneficiaries drawn from all six wards to promote fairness and inclusion.
He further revealed that over 20 students from the constituency have benefited from scholarship opportunities facilitated through his office, while more than 790 students are receiving regular stipends under the Alapala Ebitonmo Students’ Support Scheme.
According to him, the initiative was introduced to reduce financial hardship among students and encourage academic success.
Hon. Alapala also said he had assisted several indigenes of Burutu North in securing empowerment opportunities as well as pensionable employment.
Reaffirming his commitment to public service, the lawmaker assured party stakeholders that if re-elected, he would build on the achievements already recorded and deliver greater democratic dividends to the people.
He also pledged continued loyalty to the APC and its guiding principles.
