CROSS-CURRENCY SWAPS – SOLUTION FOR CENTRAL BANKS IN PREDOMINANTLY IMPORTING COUNTRIES IN AFRICA?

By Lusungu Gondwe | Managing Partner Introduction It is argued – with high prospects of truth – that Africa’s economic transformation rests on making its countries predominantly exporting as opposed to importing economies. Exports, it is further argued, improve foreign currency reserves with which to pay for the indispensable imports like liquid fuels and gas, […]