Vella Finance shuts down crypto operations to focus on SME banking
The fintech company decided to focus solely on banking services for small businesses, which constrains it from offering crypto services.
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🟠 More drama for crypto exchange Patricia
Plus:
🌍 | Worldcoin starts paying its orb operators in WLD instead of USDC
🇧🇼 | Botswana’s president advocates blockchain for transparent diamond production
Botswana’s president advocates blockchain for transparent diamond production
The country’s diamond mining partner, De Beers Group, recently launched a blockchain tracing system, Tracr, to verify if diamonds are ethically sourced.
Kenyan shilling slumps to a record low of 150 to dollar
According to the CBK Governor, Kamau Thugge, the shilling has been overvalued for several years.
IMF reaches staff-level agreement to disburse over $200 million to Senegal
The financial arrangement is set to last 36 months under the Extended Fund Facility and Extended Credit Facility of over $1.5 billion.
DLM Trust terminates escrow trustee agreement with Patricia, citing breach of terms
Patricia had announced that DLM Trust had entered a partnership with it, a claim the company has refuted.
Nigeria is expecting $10 billion forex liquidity ‘within weeks,’ finance minister says
The naira has been on a free fall due to foreign exchange shortfalls. The government is looking to fill the gap with the expected inflow.