Nigeria, South Africa and two other African countries exit FATF’s grey list

According the IMF, these countries have lost significant sums of money as a result of being grey listed by the FATF

According the IMF, these countries have lost significant sums of money as a result of being grey listed by the FATF

The firm is also seeking for the listing of its native token EMP on Nigerian local crypto exchanges.

This brings the total number of African countries on FATF’s grey list to 12, accounting for approximately 57% of all grey-listed countries.

The Mozambique-based startup integrates Hedera hashgraph to enable fiat payments by tenants across Africa.

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.

Glen Jordan, CEO of Empowa shared details about his company’s operational model with global industry experts.

The system used new technology different from the one deployed in Zanzibar, where it was originally launched.

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

Blockchain projects are looking to disrupt Africa’s real estate.

Blockchain company Empowa has used NFTs as a fundraising vehicle to grow Mozambique’s home loan market by 5%. It is now looking to expand across Africa.

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.