Peer-to-peer exchange Paxful welcomes new interim CEO
The exchange resumed operations some weeks ago after it shut down due to internal issues.
News
Sub-Saharan African currencies have plunged 8% in one year amidst soaring public debts and global uncertainties: IMF
The depreciation has contributed to rising inflation in the region. Notably, inflationary pressures do not decline when local currencies strengthen against the US dollar, IMF says.
Busha launches crypto payment service despite category headwind
Busha Commerce’s timing stands out, given the recent trends around African crypto payment companies.
Ghana secures approval for $3 billion IMF loan facility
This comes weeks after Ghana met IMF’s condition of finalizing a zero-finance agreement with the Bank of Ghana.
CBDC is not a priority, says the Central Bank of Kenya
The bank said Kenya’s payments problems could be solved by other measures besides launching a CBDC.
Report: Nigeria and Morocco among top 10 countries interested in meme coins
Nigeria ranked 5th in the table, ahead of Australia, New Zealand and Canada. Morocco ranked 10th.
Why Jack Dorsey’s $30 billion empire is betting big on Africa
During Block's most recent earnings call, CEO Jack Dorsey listed the Global South, which includes Africa, as one of the three trends the company is “focused on.”