Ghana Gold Board to launch blockchain tracking system by end of 2026

Gyamfi said the system will use blockchain to record the movement and sale of each gram of gold purchased and exported.

Gyamfi said the system will use blockchain to record the movement and sale of each gram of gold purchased and exported.

The Johannesburg-based firm will rename itself Africa Bitcoin Corp. and hold the cryptocurrency on its balance sheet.

Both firms plan to explore opportunities to drive stablecoin adoption in treasury management and cross-border payments across markets where Yellow Card is regulated.

Starting in February, Coinbase users in 20 African countries can buy USDC directly from the Coinbase Wallet App.

The country’s diamond mining partner, De Beers Group, recently launched a blockchain tracing system, Tracr, to verify if diamonds are ethically sourced.

The agreement gets Botswana an increased 30% fee of De Beers diamond mining.

Figures show 50% of countries with available data experienced an increase in consumer prices in March.

While some countries recorded improved inflation figures, the cost of living across the continent remains prohibitively high.

While some countries recorded improved inflation figures, the cost of living across the continent remains prohibitively high.

Further contractions in consumer prices suggest that central banks’ tactics to curb inflation are productive.

More than half of the surveyed central banks said the ability to provide cash in a digital form was the leading consideration for exploring CBDC.

Zimbabwe’s inflation has slowed for the second consecutive month as East African countries report double-digit rates.

At least 16 countries on the continent reported inflation rates higher than 10% in Sept. Zimbabwe's inflation rate slowed from 285% in Aug. to 280.4% in Sept.

Zimbabwe continues to experience hyperinflation while other countries on the continent struggle to rein in rising consumer prices.