Libyan authorities clamp down on bitcoin mines
Libyan government has attributed bitcoin mining to the frequent power cuts in the country.
Sam Adeyemo
Tokenization is promising but decentralized cryptos are flawed — BIS
According to the BIS, cryptocurrencies do not have the same level of trust as regular money issued by central banks.
RBZ finalizes P2P platform for gold-backed CBDC
The move is aimed at reducing the demand for US dollars and providing an alternative currency and store of value.
IMF presents CBDC system to solve cross-border remittance issues
The system will not be built on public blockchain, as it is considered unsafe, costly and energy-consuming.
Ghana’s economy shows signs of improvement, but debt restructuring is crucial — IMF
The global lender reiterated that the country needs to restructure its debt profile to fully enjoy the benefits of the IMF’s bailout.
Egypt explores BRICS membership, plans to ditch US dollar for trade with BRICS nations
The country seeks to conduct international trade in the local currencies of BRICS countries.
World Mobile successfully completes telecom field tests in three African countries
The system used new technology different from the one deployed in Zanzibar, where it was originally launched.