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 country joins three other North African countries to adopt the Unified Arab System for Diploma Authenticity Verification

Integrating the metaverse into Mauritius’ financial sector can birth new financial innovations, the Financial Service Commission wrote.

The bank governor added that the bank has an open mind towards new technologies.

The eVerify service will be used in the education, health care, production, and legal sectors of the country.

Overall, Sub-Saharan Africa received $117.1 billion in crypto value between July 2022 and June 2023, according to data from blockchain analytics firm Chainalysis.

The kit provides the tools to develop and test new CBDC-based products and services.

Nigeria is still the only country in Africa to have launched a CBDC while others are cautiously progressing.

The country’s central bank says it is considering rolling out the digital rupee pilot phase as soon as November — after a sandboxing exercise

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

Although the U.S. accounted for less than 10% of Africa’s total trade in 2019, nearly half of Africa’s trade is settled in U.S. dollars. The mismatch in commercial and payment flow cost Africans $5 billion yearly, Kioneki writes.

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.

African consumers are beginning to see steadier prices as 2022 nears its end, according to the latest inflation figures.

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.