Business
Zambia’s Kwacha Becomes World’s Top Performer: This is How a Bold De-Dollarization Enabled it
Zambia’s kwacha has surged to become the best-performing currency globally, appreciating more than 10% against the US dollar in just over a month—the largest single-currency gain tracked by Bloomberg.
What sets this rally apart from previous African currency spikes is the Zambian government’s aggressive and sustained de-dollarization strategy, which appears to be delivering tangible results and offering potential lessons for economies across the continent, including Ghana.
Under the leadership of President Hakainde Hichilema, the Bank of Zambia (BoZ) and relevant ministries have implemented strict enforcement measures to eliminate the widespread use of the US dollar in domestic transactions. Businesses are now required to price goods and services in kwacha, rent payments in foreign currency have been banned, and everyday retail pricing in dollars is no longer permitted. The central bank is actively monitoring compliance, with fines and regulatory pressure compelling companies to shift away from dollar-based operations.

A particularly notable development is the acceptance of Chinese yuan for tax payments by some mining companies—a major departure from traditional dollar dominance in Zambia’s copper-rich economy. This move aligns with Zambia’s growing economic ties with China, its largest trading partner and a key investor in the mining sector.
The policy is yielding measurable outcomes: Dollar liquidity is flooding back into the market as businesses and individuals offload greenbacks, copper export revenues are rising, and the kwacha has maintained upward momentum. Central bank interventions, including tighter controls on foreign exchange and incentives for local currency use, have further supported the rally.
However, the strategy carries significant risks. The International Monetary Fund (IMF) has cautioned that rapid de-dollarization can expose economies to volatility, especially when global dollar demand surges or commodity prices fluctuate. Zambian businesses have expressed concerns about short-term price instability and the challenges of transitioning supply chains and contracts away from dollar-denominated pricing.
Despite these challenges, Zambia’s approach is being watched closely across Africa. Unlike past currency rallies that proved temporary, this one is backed by deliberate policy enforcement and structural shifts. If sustained, the kwacha’s performance could challenge long-held perceptions about the fragility of African currencies and inspire other nations to pursue greater monetary sovereignty.
For Ghana, which has experienced significant cedi depreciation in recent years and has sought ways to reduce dollar dependency in trade and domestic transactions, Zambia’s experiment offers both inspiration and cautionary notes. Ghana’s ongoing economic recovery program, including efforts to boost local currency usage in key sectors, could benefit from studying how Zambia is balancing enforcement, investor confidence, and international partnerships.
Zambia is betting on stronger monetary control to enhance economic negotiating power and reduce external influence. The world is watching because the coming months will be critical. The real test, analysts say, will arrive when global dollar demand rebounds or external shocks test the kwacha’s newfound resilience.
Business
Young Self-Taught Black Inventor Julian Brown Develops Revolutionary Plastic-to-Fuel Technology
Atlanta, USA – A young Black inventor from Atlanta, Julian Brown, has stunned the scientific community and gone viral worldwide after developing a backyard process that converts everyday plastic waste into usable diesel, gasoline, and jet fuel.
Born in Tennessee and raised in Atlanta, Brown — a self-taught welder with no formal degree or laboratory — created a system called “Plastoline.”
Using an upgraded form of pyrolysis (a thermal decomposition process), enhanced with microwaves and solar energy for cleaner conversion, he built a small reactor capable of turning discarded plastics back into high-quality fuel.
Independent tests reportedly confirmed that the diesel and gasoline produced are among the most refined seen, and he has successfully powered vehicles with the fuel in live demonstrations.
Brown launched a startup called Nature Jab and began sharing his experiments on Instagram and TikTok, where the videos quickly gained millions of views globally. Despite suffering second-degree burns in a reactor explosion, he refused to abandon the project.
He attempted to raise $1 million to scale the technology but secured only tens of thousands of dollars. In July 2025, he posted that he was under attack before temporarily vanishing from public view.
He has since re-emerged, with supporters calling for his protection and greater investment in his work.
The innovation has sparked particular excitement across Africa, where plastic waste accumulates in massive quantities in landfills and communities.
Experts say Brown’s technology could offer a practical solution for turning waste into energy, addressing both environmental pollution and fuel shortages on the continent.
Commentators have criticised the lack of substantial support from investors and the broader community, questioning why a breakthrough with such transformative potential, especially from a young Black inventor, has not received wider backing.
Business
MTN Signals Major Data Center Investment Plans in Ghana
Accra, Ghana – MTN Group is exploring significant investments in data centers in Ghana as Part of its digital push.
The telecoms giant says the move is a natural extension of its broader digital infrastructure strategy in one of its most important African markets.
Group Chief Executive Officer Ralph Mupita made the announcement during a strategic visit to Ghana at the beginning of 2026. He said the company is keen to partner with both public and private stakeholders to develop large-scale data centers that would enhance cloud computing, data storage, and digital service capabilities across the country.
Mupita stated that such facilities are critical to supporting Ghana’s long-term digital transformation and economic growth.
He acknowledged, however, that establishing world-class data centers would require addressing key infrastructure challenges, particularly reliable power supply, suitable land, and advanced cooling systems. MTN is therefore considering collaborative models to ensure projects meet both commercial viability and sustainability standards.
During his engagements, Mupita held discussions with MTN Ghana’s leadership, regulators, and senior government officials, including the Bank of Ghana, the Ghana Investment Promotion Centre, and Minister for Communications, Digital Technology and Innovations, Sam George.
He described Ghana as a priority market that “feels like home” and reaffirmed the Group’s commitment to deepening investments in digital infrastructure and financial inclusion.
On the fintech front, Mupita highlighted plans to expand mobile money services while working closely with the central bank to strengthen fraud prevention through artificial intelligence.
The visit underscored MTN’s ambition to remain a key partner in Ghana’s digital economy, driving innovation, job creation, and inclusive growth.
MTN Ghana (Scancom PLC) is the dominant telecommunications market leader in Ghana and has been recognized as a top-performing operation within the MTN Group. The company is actively shifting from a traditional telco to a technology platform company, with a focus on fintech (Mobile Money) and digital inclusion.
Business
New Cashew Processing Plant and Fertilizer Facility to be Set Up in Ghana
Accra, Ghana – Ghana’s Ministry of Food and Agriculture has signed three Memoranda of Understanding with Chinese firm SENTUO Group Limited to drive agro-industrial growth through major new investments in processing, fertiliser production, and farmer support services.
The agreements, signed in Accra on Tuesday, include the establishment of a cashew processing plant at Sampa in the Bono Region and a fertiliser manufacturing facility. SENTUO will also roll out 30 Farmer Service Centres nationwide to improve access to quality inputs, mechanisation services, and technical support for farmers.

The projects are expected to create significant employment opportunities, particularly for young people, while enhancing value addition and reducing Ghana’s reliance on raw commodity exports.
Minister for Food and Agriculture Eric Opoku described the partnership as a major step toward the government’s Agriculture for Economic Transformation Agenda.
“We are ready to industrialise Ghana’s agriculture,” he said, adding that the cashew plant will process both nuts and apples to maximise returns across the entire value chain.
He emphasised the need to move from exporting raw produce to building a vibrant, value-driven agro-industrial economy.
The Chairman of SENTUO Group Limited, Xu Mingjuan, said the company’s nearly 20 years of operation in Ghana and the current government’s 24-hour economy policy had encouraged further investment. He confirmed that engineers have already started preliminary work on the projects.
The deals signal growing Chinese interest in Ghana’s agricultural transformation and are expected to strengthen food security, boost exports, and create sustainable jobs across the value chain.
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