State of fiat
Nigeria seeks $1.5 billion World Bank loan to ease forex shortage
Nigeria’s Finance Minister added that the country is also looking to tap into the Eurobond market this year if rates fall.
Jan 26, 2024
Adeola Osoka
20 storiesFormer contributor
ANALYSIS
Digital identity
ANALYSISAkowe’s blockchain solution set to transform Africa’s educational sector
Akowe is leveraging blockchain to address the challenges of the safekeeping of academic certificates in Sub-Saharan Africa.
Oct 18, 2023
State of fiat
Ghana records economic growth upon adoption of IMF-supported reform program
The BoG Governor said the country’s economy grew by 3.2% in the second quarter, surpassing the 1.5% growth target set in the IMF program.
Sep 29, 2023
Payment rails
Olliv by Coinflip expands crypto kiosk service to South Africa
The kiosks enable a seamless buying and selling of various cryptocurrencies with cash or other methods.
Sep 26, 2023
State of fiat
Gambia’s dalasi retains its position as Africa’s best-performing currency
Despite rising inflation rates up to 18.4%, Gambian dalasi managed to gain 0.9% against the US dollar
Sep 22, 2023
Digital identity
Republic of Mauritius launches blockchain-based eVerify service
The eVerify service will be used in the education, health care, production, and legal sectors of the country.
Sep 21, 2023
Policy
Binance provides crypto aid to Libya flood victims amidst controversies over possible PR motives
Critics have labeled the act by the global cryptocurrency company as a publicity stunt to launder its embattled image.
Sep 21, 2023
Bitcoin
Bitcoin Dada receives a $10,000 donation from Samara Asset Group
Bitcoin Dada hopes to increase women’s participation in bitcoin by creating a more equitable and inclusive financial system in Africa and beyond.
Sep 19, 2023
ANALYSIS
Funding
ANALYSISInside Kotani Pay’s plan to bridge Africa’s financial divide through cryptocurrency
To address the digital divide in Kenya, Kotani Pay employs familiar interfaces like USSD, making interactions with blockchain wallets as straightforward as everyday tasks.
Sep 13, 2023
Regulation
Worldcoin probe: Journalists denied access to committee meeting in Kenya
Worldcoin’s orb, used to scan people’s eyeballs, was confiscated by the DCI from the operators and is in their custody.
Sep 5, 2023
State of fiat
Egypt and Ethiopia among six countries invited to join BRICS
This is the bloc’s first expansion in 13 years.
Aug 25, 2023
Tokenization
CAR expands Sango project to tokenize land and natural resources
Despite facing several challenges since its launch, the Sango project announced the tokenization of its land and natural resources.
Aug 24, 2023
State of fiat
The naira stabilized following NNPC’s $3 billion loan deal with Afreximbank
The funding is expected to be used to support the federal government in its efforts to stabilize the naira.
Aug 22, 2023
Payment rails
DeFi protocol Goldfinch demos a self-custody solution that simplifies crypto UX
The project, which has offered loans to African businesses, sees bad UX as a major hurdle to crypto adoption and sees its passkey demo as the solution.
Aug 21, 2023
State of fiat
Nigerian bureau de change union asks the government to ban Binance
ABCON believes the continued operation of Binance in the country threatens the naira’s stability.
Aug 10, 2023
Funding
EMTECH secures $4 million seed investment
EMTECH currently works with six central banks, including Nigeria and Ghana, and is looking to expand into four more African countries.
Aug 5, 2023
CBDC
RBZ’s CBDC set to be used for transacting in a month
The bank hopes to use the CBDC to tackle hyperinflation in the country and provide an alternate store of value for Zimbabweans.
Aug 3, 2023
Regulation
Namibia insists cryptocurrencies are not legal tender
The Bank warns that individuals using virtual assets will take full responsibility for such transactions.
Aug 3, 2023
Cross-border payments
Honeycoin taps MoneyGram to expand crypto-to-fiat capabilities
The partnership is aimed at facilitating cross-border transactions using both cryptocurrency and fiat currencies in multiple countries.
Jul 27, 2023
State of fiat
Economist urges Zimbabwean government to consider paying civil workers in gold
Zimbabwe's government has been urged to pay civil servants with gold-backed CBDC and coins amid plunging economy.
Jul 21, 2023