Cryptocurrency scam ring busted in Egypt
The scammers had reportedly netted about $620,000 from investors
Egypt
60% of African countries recorded lower consumer prices in December
Further contractions in consumer prices suggest that central banks’ tactics to curb inflation are productive.
BIS survey finds differing motivations in African CBDC adoption
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.
October 2022 inflation report: Consumer prices are rising at a slower pace in many African countries
Zimbabwe’s inflation has slowed for the second consecutive month as East African countries report double-digit rates.
September 2022 inflation report: Food prices have become Africa’s main inflation driver
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.
Middle East and North Africa’s crypto markets grew more than any other region in 2022
Egypt and Morroco make the top five for transaction growth in the region.
August inflation watch: High food prices plague African countries
Zimbabwe continues to experience hyperinflation while other countries on the continent struggle to rein in rising consumer prices.