After it slipped to a rate of about 12:1, the Ghanaian cedi became the latest African currency to touch a new low versus the U.S. dollar, albeit on the unofficial foreign exchange market. Having start...
Tag: Africa
About the Summit – 6th edition Connected Banking West Africa
After the grand success of the previous edition, the 3rd Annual Africa Digital Banking Summit -Innovation and Excellence Awards – which is now rebranded as 6th Edition Connected Banking Southern...
Nigeria Can Become World Leader in the Digital Economy Says Vice President Yemi Osinbajo – Africa Bitcoin News
According to Nigerian Vice President Yemi Osinbajo, his country is well-positioned to become a global leader in the digital economy. However, for that to happen, Nigeria must choose the right approach...
Jumia Technologies Is The Best Of Amazon In Africa
A Jumia scooterman records address of clients to be delivered with product at the Ikeja warehouse of … [+] the company in Lagos on June 12, 2013. JUMIA is a Nigerian based online retail company,...
How much does it cost to climb Mount Everest and the Seven Summits
Vivian James Rigney is no casual traveler. The executive coach and speaker has visited more than 80 countries and lived on three continents. He’s also climbed the highest mountains on all seven ...
Middle East and North Africa are fastest-growing crypto markets: Data
Emerging markets continue to forge their way into the crypto scene finding a plethora of use cases, especially in the combined Middle East and North Africa (MENA) region. A new report from Chainalysis...
Virtual Assets ‘Remain Without Legal Tender Status’ but Merchants Can Still Accept Them as Payment – Africa Bitcoin News
The Bank of Namibia recently said it has brought virtual assets and virtual asset service providers under its fintech innovations regulatory framework, and that it plans to amend applicable laws and r...
Middle East, North Africa are emerging as major crypto markets- Here’s why
A new report published by blockchain intelligence firm Chainalysis shed light on some interesting news coming out of the Middle East and North Africa (MENA) region. The report found that MENA was amon...
Cardano’s Djed Stablecoin to See Greater Use in Africa Due to This Partnership
Another partnership for Djed, the algorithmic stablecoin from Cardano, has been announced by the COTI network. This time, a RealFi initiative called Empowa, which is based on the Cardano blockchain, i...
Kenyan Central Bank Rejects Deputy President Rigathi Gachagua’s Claims Country Lacks Forex to Import Oil – Africa Bitcoin News
The Central Bank of Kenya appeared to rebuke the country’s new deputy president Rigathi Gachagua, after it rejected the latter’s claims the East African nation lacks enough foreign exchange to import ...
Crypto Adoption in Sub-Saharan Africa Largely Driven by Retail and P2P Activities
While institutional traders are not prevalent in Sub-Saharan Africa, the region is known to have the highest number of small retail transactions globally. Part of the driving force for cryptocurrency ...
Is Africa winning in crypto adoption?
The Sub-sahara Africa crypto space has proven different from other cryptocurrency ecosystems across the globe regarding crypto adoption. Despite the relatively low transaction volume compared to other...
Africa Is Winning Crypto Adoption
Despite numbers revealing that Sub-Saharan Africa has the lowest cryptocurrency transactions compared to any other region, the continent is home to some of the most advanced cryptocurrency ecosystems,...
Despite Accounting for 2% of Global Activity, Sub-Saharan Africa Has ‘Some of the Most Well-Developed Cryptocurrency Markets of Any Region’ — Report – Africa Bitcoin News
According to a recent Chainalysis report, although Sub-Saharan Africa is believed to account for as little as 2% of global transaction activity, the area “contains some of the most well-developed cryp...
Crypto Is Quietly Thriving in Sub-Saharan Africa: Chainalysis Report
“We don’t have big, institutional-level traders in Sub-Saharan Africa,” Adedeji Owonibi, founder of Nigeria-based blockchain consulting company and product studio Convexity, said in an interview with ...
Crypto Adoption in Sub-Saharan Africa Rises, Study Shows
Crypto usage in Sub-Saharan Africa is becoming mainstream rather than speculation, according to a report by blockchain analytic firm Chainalysis. The report dubbed “How Cryptocurrency Meets Residents’...
Crypto’s utility driving adoption in Sub-saharan Africa – Chainalysis
Sub-saharan Africa recorded $100.6 billion worth of crypto transactions on-chain between July 2021 and June 2022, according to a Chainalysis report. While it represented a growth of 16% year-over-year...
Nitesh Singh Managing Director for Communication, Media and Technology Lead (CMT) Accenture South Africa
Catch Mr. Nitesh Marcel Singh in conversation with Mr. Mohammed Thoufiq with #ICSATalks as a part of the upcoming 2nd Edition of Connected Africa Summit happening on the 29th September 2022, organised...
Nigerian Central Bank Hikes Key Interest Rate Just Days After Naira Plunges to New Low – Africa Bitcoin News
Following the latest meeting of the monetary policy committee, the Central Bank of Nigeria says it has hiked the monetary policy rate to 15.5%. By increasing the key interest rate by 150 basis points,...
Gap Between Ethiopian Currency’s Official and Parallel Market Exchange Rate Grows to New Record – Africa Bitcoin News
The Ethiopian birr currency’s parallel exchange rate against the U.S. dollar recently dropped to a low of 92 birrs per dollar, a report has said. The report added that following this latest plunge, th...
Kenyan Central Bank Says It’s ‘Craziness’ to Convert Country’s Reserves to Bitcoin – Africa Bitcoin News
The Kenyan central bank governor Patrick Njoroge has described as “craziness” the calls to convert Kenya’s reserves into bitcoin. He added that he would have to be out of his mind before agreeing to t...
DID you see what Africa is doing with Web3?
If you’ve spent any time reading about blockchain and Web3, you know that this industry is filled with big buzzwords and half-baked concepts. But, concepts such as decentralized identity services, or ...
Africa-Focused Crypto Exchange Yellow Card Raises $40 Million via Series B Round – Africa Bitcoin News
Africa-focused crypto exchange Yellow Card recently revealed it has closed its $40 million Series B funding round. The exchange’s announcement of its latest capital raise comes just over a year after ...
Payments platform Fuse integrates ChromePay to bring DID services to Africa
Web3 payments platform Fuse has partnered with ChromePay, an identity-based payment solution, to launch a new suite of payment products in Africa — a move designed to boost financial inclusion on the ...
Emurgo Aims to Increase Cardano Adoption in Africa With This New Partnership
– Advertisement – EMURGO Africa’s to Advance Cardano Web3 Adoption. Adaverse accelerator, formed by EMURGO (parent company of the Cardano foundation) and Everest Ventures Group, a Hong Kon...
USD/ZAR forecast: rand at risk amid South Africa power outages
The USD/ZAR price soared to a record high on Monday as investors braced for more weakness of the South African economy. The pair surged to a high of 17.76, which was about 23% above the lowest level t...
Nigerian Inflation Rate Rises to 20.52% in August — Month-on-Month Rate Drops – Africa Bitcoin News
While Nigeria’s year-on-year inflation rose for the seventh straight month to 20.52% in August 2022, the latest data from Nigeria’s National Bureau of Statistics shows that the month-on-month rate dec...
Is Africa on the Verge of an Economic Resurgence?
Africa leads the rest of the world in blockchain and cryptocurrency adoption. Chainalysis’ geographic trends report states that Africans recorded the highest figures in peer-2-peer cryptocurrency tran...
Ethiopian Central Bank Restricts Amount of Cash Travelers Can Hold, Sets Foreign Currency Conditions – Africa Bitcoin News
According to the National Bank of Ethiopia’s directive, which became effective on September 5, persons entering and departing the country in possession of local currency are now subject to new restric...
Nigerian Blockchain Startup Bitmama Closes $2 Million Pre-Seed Round – Africa Bitcoin News
After raising $1.65 million via a pre-seed extension, Bitmama, a Nigeria-based blockchain startup, has now closed its pre-seed funding round at $2 million, a report has said. Leading the funding round...
Cajutel Brings Blockchain To Africa Ahead Of Binance With High-Speed Internet
Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and tech...