State of fiat
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
Oct 27, 2025
Originals
State of fiat
State of fiat — coverage and analysis.
ANALYSIS
State of fiat
ANALYSISUnlocking Africa’s next economy would require new money
Ayotunde Alabi highlights how adopting stablecoins and tokenized assets can help Africa build a modern financial system that drives trade and economic growth.
Oct 23, 2025
State of fiat
PAPSS rolls out blockchain platform for African fiat exchange
Interstellar says 19 countries and several multinationals now use the African currency marketplace for cross-border transactions.
Jun 27, 2025
State of fiat
Kenya fails IMF review, forfeits $850M disbursement
The East African country is now seeking a fresh credit program from the IMF.
Mar 20, 2025
State of fiat
Kenya and Namibia join 10 African countries on FATF grey list
This brings the total number of African countries on FATF’s grey list to 12, accounting for approximately 57% of all grey-listed countries.
Mar 6, 2024
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
State of fiat
Ethiopia faces challenges as it integrates into BRICS
In December 2023, Ethiopia informed its bondholders that it would not be able to make a $33 million repayment on its $1 billion Eurobond loan.
Jan 25, 2024
State of fiat
IMF approves Kenya’s financial package of $941 million
A staff-level agreement follows the approval of the IMF loan to Kenya in November 2023.
Jan 23, 2024
State of fiat
IMF set to review Ghana’s second loan payout of $600 million on Friday
Once the date for a meeting has been set, it is expected that the necessary approval will be granted.
Jan 18, 2024
State of fiat
Four reasons Ghana is developing the eCedi CBDC
With the eCedi CBDC, the Bank of Ghana hopes to stay relevant in an increasingly digital world. The CBDC is also created for financial inclusion.
Jan 16, 2024
State of fiat
Ethiopia gets $350 million World Bank financing for its digital ID project
$50 million comes as a grant from the World Bank’s International Development Association.
Jan 16, 2024
State of fiat
Egypt plans to launch its CBDC in 2030
Presently, the country wants to work on improving its economy and increasing financial inclusion.
Jan 11, 2024
State of fiat
Severely devalued naira expected to perform at poorest ever in 2024 — Bloomberg
The naira was one of the worst-performing currencies in 2024, and experts see the trend continuing in 2024.
Jan 11, 2024
State of fiat
Ethiopia set to make an “unnecessary and unfortunate” default on Eurobond repayment
The country’s finance ministry is looking to restructure its Eurobond following recent success with restructuring the terms of its bilateral debt.
Dec 12, 2023
Mariblock Weekly
🟠 Binance goes retail in South Africa
Plus: 🇳🇬 Central Bank of Nigeria to tackle inflation by mopping up excess liquidity in banking system. 🇳🇬 Nigeria secures $1 billion concessionary loan from African Development Bank.
Dec 5, 2023
State of fiat
Central Bank of Nigeria to tackle inflation by mopping up excess liquidity in banking system
Cardoso said that the previous CBN administration deployed unorthodox policies, resulting in an uptick in inflation.
Nov 30, 2023
State of fiat
Nigeria secures $1 billion concessionary loan from African Development Bank
The Federal Executive Council also approved a total limit of 2 trillion naira for the Ministry of Finance to reduce the country's debt servicing.
Nov 29, 2023
State of fiat
Somalia joins the East African trade bloc
Although Somalia submitted its application in 2012, it took 11 years to grant its request due to lingering security concerns.
Nov 28, 2023
State of fiat
IMF expands Kenya’s financing package to $938 million
The additional funding will strengthen the country’s reserves before its $2 billion Eurobond payment in June.
Nov 22, 2023
State of fiat
Kenya to host PAPSS, an African cross-border payment infrastructure
PAPSS allows African traders to settle deals using their respective national currencies.
Nov 14, 2023