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Inflation, Dollar Shortage Fuel Stablecoin Use in Sub-Saharan Africa
4.10.2024
Stablecoins are surging in popularity across Sub-Saharan Africa, accounting for 43% of crypto transactions compared to bitcoin’s 18.1%. This trend is driven by the instability of local currencies and limited access to US dollars. Businesses and individuals view stablecoins as a reliable...
All-Women AI PhD Program Launches in Africa
4.10.2024
A pioneering Africa-Europe collaboration aims to train 700 African Doctor of Philosophy (PhDs) in artificial intelligence (AI) over the next decade. The first intake of this program, however, will be unique: it will consist entirely of women. This initiative is the brainchild of CORE AI, a research...
Stablecoins now 43% of Sub-Saharan Africa crypto tx volume: Chainalysis
2.10.2024
Nigeria and Ethiopia have both experienced local currency devaluation which has driven stablecoin adoption.
Nigeria Unveils Oil-for-Naira Program to Stabilize Local Currency
2.10.2024
Nigeria began selling crude oil to billionaire Aliko Dangote’s new refinery in naira on October 1st. This “oil for naira” scheme aims to ease pressure on the struggling Nigerian currency, the naira, which has lost significant value this year. However, the success of the scheme...
Ghana Launches Gold Coin Priced in Local Currency
30.9.2024
Ghana’s central bank launched a gold coin to boost domestic savings and manage liquidity. The coins are available in October and priced based on the London Bullion Market Association auction price. Despite efforts to strengthen the cedi, Ghana’s currency continues to depreciate against...
Kenyan Deputy President Urges Africa to Embrace AI
27.9.2024
Kenyan Deputy President Rigathi Gachagua is urging African leaders to tap into the potential of artificial intelligence (AI) to supercharge their economies. Gachagua highlighted that tech-leading countries are already reaping the rewards of infusing AI into critical sectors like agriculture...
Middle East accounts for 7.5% of global crypto volume — Chainalysis
26.9.2024
According to the World Bank, less than 50% of adults in the Middle East and North Africa region had access to adequate banking services
Johannesburg Welcomes a Successful South Africa Traders Fair 2024
25.9.2024
The South Africa Traders Fair, organized by FINEXPO, concluded on 21 September 2024 at the renowned Protea Hotel…
North Korea Signals Closer BRICS Relations Amid Growing Russia Ties
25.9.2024
North Korea may be ramping up efforts to align itself with the BRICS economic bloc, as its top diplomat skipped the United Nations General Assembly in favor of a BRICS-related event. Analysts suggest that while Kim Jong-un seeks to break diplomatic isolation through such alliances, North...
Finnovex West Africa 2024: Driving Financial Inclusion and Economic Growth
25.9.2024
Finnovex West Africa 2024 is poised to be a critical forum for addressing key challenges and opportunities related…
Uganda’s Mitroplus Labs Unveils Afro, a Pan-African Meme Token
25.9.2024
Mitroplus Labs Africa, a Ugandan blockchain education institution, launches “Afro” meme token on Tron’s Sunpump network. Afro, represented by an African girl, is intended to promote African identity in blockchain education. Founder Ivaibi Festo says Afro’s success will...
BRICS Beats Dollar Dependence: National Currency Settlements Exceed USD Payments
22.9.2024
The BRICS bloc might have already overcome its dollar-dependence problem, as the volume of settlements in the national currencies of its member nations has already surpassed the USD-based exchanges. Using the U.S. dollar can lead to expenses that can be avoided when paying with other currencies...
African economies show high potential for digital asset adoption
22.9.2024
South Africa emerges as a leading digital asset hub, driving growth in crypto with proactive regulations and expanding platforms like VALR
Former Monero Developer Launches New Crypto Mining App
22.9.2024
Riccardo “Fluffypony” Spagni, a former Monero developer, has launched a new mining app called Tari Universe. The app aims to make mining accessible to everyone using a user-friendly interface. However, Spagni faces legal troubles related to fraud and forgery charges. Despite the alleged...
Bitget Reports 1,600% Surge in African Users
20.9.2024
Bitget has seen a significant increase in African users, driven by factors like copy trading popularity and the growth of the TON ecosystem. The exchange has focused on user education and accessibility to attract users in the region. Bitget Wallet has become a top-ranked app in Nigeria, surpassing...
Mastercard, Safaricom Partner on Cross-Border Payments
20.9.2024
Mastercard and Safaricom have partnered to improve payment acceptance and cross-border remittances in Kenya. The partnership will benefit over 636,000 merchants using M-Pesa and enable them to serve customers globally. This collaboration will provide faster and more reliable payment solutions...
Binance Seeks Release of Jailed Employee Before Pursuing Nigerian License
19.9.2024
Binance has made the release of Tigran Gambaryan a condition for seeking registration in Nigeria. The exchange is reluctant to register due to outstanding issues with the government. It reportedly believes the SEC’s hastily formulated framework is not supported by law. Despite this, Binance...
Memecoins, P2P and TON drove 1,614% user growth in Africa — Bitget
18.9.2024
Bitget CEO Gracy Chen said that as millions of Africans use Telegram, the rise of TON contributed to Bitget's user growth in the region.
Memecoins, P2P and TON drove 1,614% user growth in Africa — Bitget
18.9.2024
Bitget CEO Gracy Chen said that as millions of Africans use Telegram, the rise of TON contributed to Bitget's user growth in the region.
BRICS Payment Platforms Gain Momentum as US Dollar Alternatives, Says Russian Official
17.9.2024
BRICS’ new payment platforms, which offer alternatives to the U.S. dollar and euro, are attracting global attention, according to Russian Foreign Minister Sergey Lavrov. These systems enable countries to conduct economic activities without relying on currencies used as political tools...