Britain’s Export Finance Agency will add the naira to its list of “pre-approved currencies”, allowing it to provide financing for transactions with Nigerian businesses denominated in the local currency. The naira will become one of three West African currencies that UK Export Finance has pre-approved for its programme of funding transactions that promote trade with Britain, it said. Britain voted …

Ethiopia’s prime minister has announced he will resign, in what he says is an effort to advance reforms aimed at easing the country’s political unrest. Speaking on state television Thursday, Hailemariam Desalegn said he has submitted his letter of resignation as both prime minister and chairman of the ruling EPRDF coalition. Hailemariam said he is stepping down “to be part …

Cyril Ramaphosa, head of the ruling African National Congress (ANC), has been sworn is as South Africa’s president, fewer than 24 hours after the resignation of embattled ex-leader Jacob Zuma. “I will try very hard not to disappoint the people of South Africa,” Ramaphosa (65) said on Thursday as he ended his speech to parliament, shortly after the Parliament elected …