Currency depreciation and volatility are pervasive, with major currencies such as the Nigerian Naira, and South African Rand experiencing significant losses in value—Naira alone depreciated over 30% recently. These fluctuations inflate business costs, erode profit margins, dampen consumer demand through rising inflation (with average inflation rates still in double digits for many countries), and discourage both domestic and foreign investment. An estimated one-third of African firms report financial constraints linked to currency volatility, which undermines profitability and growth. Click here to view report.