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Why are Africa's currencies underperforming?

Cai Nebe | Benita van Eyssen
February 23, 2024

Nigeria's naira has declined by a whopping 38% to the US dollar while Ghana's cedi, the Kenya's shilling and the West African CFA franc have also lost value. Why are African currencies performing so poorly on the world market? And, does the performance of a currency tell the whole story of any country's economy?

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DW AfricaLink is packed with news, politics, culture and more — every weekday. From combating health issues and freedom of expression to finances, tolerance and environmental protection, we have it covered.

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