Republic of Mauritius launches blockchain-based eVerify service
The eVerify service will be used in the education, health care, production, and legal sectors of the country.
Mauritius
Nigeria received nearly $60 billion in crypto value in a year
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.
EMTECH releases Web3-enabled CBDC innovation kit
The kit provides the tools to develop and test new CBDC-based products and services.
25 of 130 countries exploring CBDCs are in Africa — Report
Nigeria is still the only country in Africa to have launched a CBDC while others are cautiously progressing.
Mauritius plans to pilot a CBDC before the end of 2023
The country’s central bank says it is considering rolling out the digital rupee pilot phase as soon as November — after a sandboxing exercise
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.
5 billion reasons Africa needs to ditch the U.S. dollar for cross-border trade
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.