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Business Insider
8 minutes ago
- Business Insider
Top 10 African countries with the strongest currencies in July 2025
A strong currency may present some difficulties for exporters, but its wider advantages for developing nations are becoming more and more clear, particularly on a continent where inflation, debt, and exchange rate instability frequently impede development. One of the primary benefits of boasting a strong currency is its impact on import costs, which is particularly important for African nations that depend significantly on imported items like food, equipment, gasoline, and medications. A strong currency reduces manufacturing costs for local companies, eases the financial burden on individuals, and helps control inflation by making these imports more affordable. A strong currency also makes it easier for a nation to pay off its foreign debt. Many African countries take out loans in foreign currencies, particularly euros or US dollars. Repayment of these loans becomes more expensive when the local currency is weak, which frequently results in budget problems and IMF bailouts. However, a nation's credit profile is enhanced, default risk is decreased, and the burden of repaying foreign debt is lessened as its currency gains strength. Furthermore, when a country's currency is sturdy, there is a drop in reliance on the IMF loans and the associated policy recommendations. A strong currency is more than just a symbol in today's interconnected world, where digital banking and global supply networks are growing quickly. It is an instrument for growth, resilience, and competitiveness. A more stable and independent future for African nations may be unlocked by fostering currency strength through sensible policies, export diversification, and productivity investments. With that said, here are the strongest currencies currently, according to the Forbes currency converter, last updated on the 22nd of July. For this month, the currency value for Tunisia, Libya, Morocco, Seychelles, South Africa, Lesotho, and Namibia increased slightly compared to last month's top 10 list, while the currency value for Ghana, Botswana. Top 10 African countries with the strongest currencies in July 2025 Rank Country Currency value per US$ Currency 1. Tunisia 2.92 Tunisian Dinar 2. Libya 5.41 Libyan Dinar 3. Morocco 9.00 Moroccan Dirham 4. Ghana 10.42 Ghanaian Cedi 5. Botswana 13.93 Botswanan Pula 6. Seychelles 14.14 Seychellois Rupee 7. Eritrea 15.00 Eritrean Nakfa 8. South Africa 17.55 South African Rand 9. Lesotho 17.60 Lesotho Loti 10. Namibia 17.60 Namibian Dollar
Morocco World
39 minutes ago
- Morocco World
Bulaid Impresses with First-Round Submission Win at UAE Warriors
Moroccan MMA fighter Ilias Bulaid secured a first-round submission victory over Eduard Demenko at UAE Warriors 61, marking the first submission win of his professional career. Nicknamed 'Blade', the 30-year-old is an Enfusion kickboxing champion and remains undefeated in MMA, with a professional record of eight wins and no losses. 'It was not my plan specifically to go for a submission, but I'm always prepared to react to situations,' he told Morocco World News in an exclusive interview. Looking ahead, Bulaid said his ambition is to join the UFC: 'Next plans, in sha Allah, are to sign with the UFC and represent Morocco there,' he said. 'I am a proud Moroccan, and it is a pleasure to represent all Moroccans worldwide… Another goal of mine is to move back to Morocco with my family, as I feel at home there.' He added, 'I want to fight anyone, anywhere, as long as it is in the UFC. I've been rejecting all big offers from major organisations because I want to be in the UFC.'
Morocco World
2 hours ago
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Nayef Aguerd in Limbo as West Ham Stall Transfer
West Ham centre-back Nayef Aguerd remains uncertain this summer, as Graham Potter's rebuilding project hangs in the balance. Despite a loan stint at Real Sociedad and mounting speculation, the Moroccan defender's future is unresolved. Marseille have cooled their interest, unwilling to meet the £19.5m (€23m/$25m) asking price or contend with his expected absence during AFCON 2025 in Morocco. Juventus, meanwhile, are circling. Talks have begun, with Daniele Rugani floated as part of a potential swap deal. But negotiations remain at an early stage. Aguerd has resumed pre-season training with the Hammers and even featured in a friendly against Grasshoppers. A behind-the-scenes video showed Potter warmly assigning him to look after new signing Malick Diouf – suggesting Aguerd might yet stay, at least for now. Yet West Ham still aim to offload the 29-year-old before his contract enters its final year. But with few concrete offers and the club keen to move for Albian Hajdari or Taylor Harwood-Bellis, Aguerd's sale may become a necessity. Time is running out. If no buyer emerges, West Ham could be forced to shelve plans for a new centre-back. For now, Aguerd is stuck somewhere between a potential revival and the exit door. Tags: Nayef Aguerdpremier leaguewest ham
