12 / 17 Relevant items tagged with #Africa
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Worldcoin cryptocurrency project suspended in Kenya
[Aug 2, 2023 2:22 AM] Kenyan authorities want to ensure that Worldcoin poses no risks to the security of citizens before it allows the project to gather iris data.
Togolese Activist Farida Nabourema On Avoiding Government Censorship And ‘Bitcoin For Youngsters’
[Jul 31, 2023 6:00 AM] Bitcoin is a geographic chameleon. And, as such, this “magic internet money” that lives on a decentralized, permissionless system is changing the world right in front of us. One of Bitcoin’s many superpowers is that it takes on different aliases in
Kenyan Data Regulator Issues Warning as Residents Rush to Get Worldcoin’s ‘Free Money’
Blockchain technology lets East African farmers sell globally
[Jul 28, 2023 7:21 AM] Blockchains’ tracing capacities can help certify that crops weren’t grown by razing woodlands or harvested with child labor.
Nigerian Central Bank Says Amended CBDC Model to Ensure Increased Volumes and Wallet Activity
Over 10,000 South African Retail Outlets Now Accept Momint Crypto Vouchers
[Jul 27, 2023 12:00 AM] Momint, a Web3 marketplace app, has said South African residents can now use cryptocurrency to purchase shopping vouchers which are accepted by over 10,000 retailers. The Momint app can also be used to send cross-border remittances at a fraction of…
Deeper Ties With BRICS Should Not Jeopardize Relations With the West — South African Business Association Leader
[Jul 26, 2023 4:30 AM] South Africa’s economic well-being is dependent on trade relations with the West, and therefore attempts to bolster relationships with BRICS must not be at the expense of ties to the West, the leader of a South African business association…
Russian President Vladimir Putin States Emergent Multipolar World Order Will Be ‘More Just’
[Jul 26, 2023 2:00 AM] In a recent article, Vladimir Putin, President of the Russian Federation, outlined his thoughts about the emergence of a new multipolar world order. Putin explained this new configuration will allow different regions, including Africa, the Middle…
Nigerian central bank adds NFC upgrade to eNaira for contactless payments
[Jul 23, 2023 2:02 AM] The central bank reportedly emphasized that the addition of NFC technology will play a crucial role in boosting the adoption rates for the CBDC.
Nigerian Social Payments Platform Bundle Ceases Crypto Exchange Operations
[Jul 22, 2023 3:30 PM] The Nigerian social payments platform Bundle said on July 20 it was shutting down its crypto exchange services business and will now focus on its peer-to-peer platform known as Cashlink. Bundle said users must withdraw or convert their digital…
Nigerian Currency Plunges to All-Time Low Versus Dollar, Central Bank Revokes Licenses of 2,700 Currency Exchanges
[Jul 21, 2023 9:30 PM] The exchange rate of the Nigerian currency versus the greenback recently plunged to an all-time low of NGN860:USD1. The naira’s depreciation has been attributed to shortages of foreign exchange on the official market and the rising demand for…
Study: Six Countries Account for Over 90% of Africa’s Crypto Interest in H1 2023
US Dollar Shortages: Ethiopia and Nigeria in $100 Million Currency Swap Transaction
[Jul 17, 2023 3:30 AM] According to a report, the central banks of Ethiopia and Nigeria recently consummated a $100 million currency swap transaction. Under the arrangement, an Ethiopian airliner was paid local currency equivalent to $100 million while Dangote Cement is…
Report: Zimbabwean Economist Says Portion of Goverment Employees’ Salaries Must Be Paid in Gold Coins
As Zimbabwe’s Fiat Currency Crashes Again, Bitcoin Adoption Is Poised To Last
[Jul 11, 2023 6:00 AM] This is an opinion by Thabo P. Ncube, a Bitcoiner who lived through Zimbabwe’s hyperinflation in 2008.The Reserve Bank of Zimbabwe (RBZ), the fiat custodian and lender of last resort in the country, recently “liberalized” its much-vaunted foreign…
Report: Crypto Industry Boasts 10,000 Companies and 190,000 Professionals With a Collective Valuation of $180 Billion
[Jul 9, 2023 2:30 PM] A recent report released by K33 Research three days ago reveals that as of July 2023, the cryptocurrency industry boasts approximately 10,000 companies, employing an estimated 190,000 crypto professionals. Notably, K33 provides a comprehensive…
Report: Zimbabwe Central Bank Begins Gold-Backed Digital Currency ‘Dry Run’
Namibia passes bill to regulate crypto and digital assets
[Jul 6, 2023 6:20 AM] The legislation aims to establish a framework for licensing and regulating virtual asset service providers.
Ethiopia Joins Egypt in Seeking BRICS Membership
[Jul 2, 2023 11:30 PM] Ethiopia has joined Egypt and Algeria in applying to become a member of Brazil, Russia, India, China and South Africa (BRICS) economic bloc. According to the Ethiopian Foreign Affairs Ministry, joining the bloc would help the country guarantee its…
40% of South Africans Familiar With the ‘Concept of Web3’ — Study
China-Africa Economic and Trade Expo Aims to Defy Western ‘Debt Trap’ Accusations, Generating $19 Billion in Trade Deals
[Jul 2, 2023 12:30 AM] According to a report from the third annual China-Africa Economic and Trade Expo, Africa and China are continuing to strengthen their long-term trade ties. China wants to be one of Africa’s largest trading partners, and reports revealed on…
Africa’s Crypto Market Grew by 1,200% Between 2020 and 2021 — Study
[Jul 1, 2023 2:30 AM] Between the years 2020 and 2021, Africa’s cryptocurrency market grew by more than 1,200% while Kenya, Nigeria, South Africa, and Tanzania now all feature in the global top 20 for crypto adoption, according to the latest Emurgo State of Web…
Tanzanian Central Bank Says Quoting Prices in Foreign Currency Against the Law
[Jun 23, 2023 4:30 PM] The Bank of Tanzania (BOT) has reiterated that shillings remain the East African country’s sole legal tender. The apex bank said residents quoting prices in foreign currency or those refusing payment in Tanzanian shillings are in violation of…
Study: Crypto Adoption More Significant in Poorer African Countries
[Jun 23, 2023 3:30 AM] While as much as 66% of surveyed African residents claimed to have been exposed to digital assets like bitcoin, about 82% of respondents said they have never owned crypto. The findings of the survey study suggest that the adoption of crypto is more…
CZ Says Binance Has Issued a Cease and Desist Notice Against Nigerian ‘Scammer Entity’
Report: Zimbabwe’s Central Bank Set to Launch P2P Platform for Facilitating Gold-Backed Digital Currency Transactions
[Jun 19, 2023 6:30 PM] The Reserve Bank of Zimbabwe has said it is getting close to launching a peer-to-peer platform which will facilitate digital gold token transactions. The central bank said the launch of the platform is expected to help reduce local demand for the…
Nigerian Currency Falls by More Than 30% After Central Bank Announced New Forex Market Rules
Kenyan President Ruto Doubles Down on De-Dollarization Call — ‘We Just Want to Trade Much More Freely’
[Jun 17, 2023 4:30 AM] Kenyan President William Ruto has repeated his call on African countries to consider ditching the U.S. dollar when settling cross-border trades. The Kenyan leader claimed that the African continent already has a mechanism that enables the seamless…
How blockchain technology makes it easier for Africans to upskill
[Jun 15, 2023 6:20 AM] The narrative that blockchain technology could revolutionize how people interact with technology in Africa may not be stale after all.