Egypt

Egypt explores BRICS membership, plans to ditch US dollar for trade with BRICS nations

The country seeks to conduct international trade in the local currencies of BRICS countries.

Inflation in Africa: Latest data shows worsening figures across the board

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

A new report says African blockchain firms raised $474 million in 2022, but the methodology is questionable

South Africa, Liberia and Kenya led Nigeria for total funding. MFS Africa, Valr, Jambo, Ejara all feature in the report.

Inflation in Africa: Many countries continue to witness historically high consumer prices

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

Cryptocurrency scam ring busted in Egypt

The scammers had reportedly netted about $620,000 from investors

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.