Africa

Ghana Embraces Blockchain Technology with New National Digital Currency Initiative

Ghana / Leave a Comment

  In a groundbreaking move, Ghana has announced the launch of its national digital currency, the e-Cedi, marking a significant step forward in the country’s financial technology landscape.   The e-Cedi: A New Era for Ghanaian Finance The Bank of Ghana unveiled their new initiative earlier this week, which positions Ghana as a leader in […]

Ghana Embraces Blockchain Technology with New National Digital Currency Initiative Read More »

Photo Credit: Adobe Stock

Donald Trump Election Victory: Impact on African Cryptocurrency Markets

Adoption, Litecoin, Regulation / Leave a Comment

    The recent US elections have sent shock-waves through the global cryptocurrency markets, and Africa is no exception.  With the election of Donald Trump as President, the crypto market has experienced a significant surge, bringing with it excitement and anticipation across the continent. Cryptocurrency markets across the globe have experienced significant movements following Donald

Donald Trump Election Victory: Impact on African Cryptocurrency Markets Read More »

Photo Credit: Adobe Stock

Banking on the Future: Africa’s Robust Financial Sectors and What It Means for Cryptocurrency

Financial / Leave a Comment

  A recent report from African Business, which provides a comprehensive analysis of the top banks across the continent, has highlighted the strong financial sectors in East, West, Central and Southern Africa. With Nigeria notably leading in West and Central Africa, it sets the stage for significant advancements in the cryptocurrency space.  In this article,

Banking on the Future: Africa’s Robust Financial Sectors and What It Means for Cryptocurrency Read More »

Photo Credit: Adobe Stock

National Currency Devaluation Drives Stablecoin Adoption Across Africa

Adoption / Leave a Comment

  Recent reports from leading crypto analytics firms and insights from social media platform X highlight a significant shift towards Stablecoins across Africa. This core of this trend is driven by the need for financial stability in regions where local currencies often fluctuate wildly, affecting day-to-day transactions and savings.  Recent reports from leading crypto analytics

National Currency Devaluation Drives Stablecoin Adoption Across Africa Read More »

Photo Credit: Adobe Stock

Countdown to the US Elections: What Could It Mean for Crypto in Africa?

Business News / Leave a Comment

  As the United States gears up for its presidential election in three weeks, the world watches closely. Could the outcome of this election have significant implications for the cryptocurrency landscape across the African continent?  In this article, we take a look at the stances each leading candidate has taken to crypto and potential impacts

Countdown to the US Elections: What Could It Mean for Crypto in Africa? Read More »

Photo Credit: Adobe Stock

World Bank Calls for Increased Education Spending in Africa, Support Digital Technologies

Investments / Leave a Comment

  The World Bank has emphasized the urgent need for African nations to boost spending on quality education. This call to action is aimed at leveraging mega-trends such as demographic transitions, advances in digital technologies, and the shift to green economies.  The World Bank’s latest regional economic update, Africa’s Pulse, highlights the importance of stabilizing

World Bank Calls for Increased Education Spending in Africa, Support Digital Technologies Read More »

Photo Credit: Adobe Stock

Eswatini’s Bold Move Towards a Central Bank Digital Currency (CBDC)

Country News, Eswatini / Leave a Comment

  The Kingdom of Eswatini, formerly known as Swaziland, has recently announced its intention to explore the introduction of a Central Bank Digital Currency (CBDC). This move is part of a broader strategy to enhance domestic accessibility and cross-border trade, leveraging the benefits of digital currencies. Benefits and Opportunities The introduction of a CBDC in

Eswatini’s Bold Move Towards a Central Bank Digital Currency (CBDC) Read More »

Photo Credit: Adobe Stock

Understanding Litecoin: Popularity & Usage Across African Nations

Coins, Litecoin / Leave a Comment

  What is Litecoin? Litecoin (LTC), often referred to as “the silver to Bitcoin’s gold,” is a peer-to-peer cryptocurrency that was created in 2011 by former Google engineer Charlie Lee.  It operates on an open-source blockchain technology, similar to Bitcoin, but with several key differences that make it unique and appealing to many users. Litecoin

Understanding Litecoin: Popularity & Usage Across African Nations Read More »

Photo Credit: Adobe Stock

Johannesburg Investment Advisers Barred for 30 Years: Implications for South Africa and Beyond

Uncategorised / Leave a Comment

  The recent decision by the South African High Court to bar Johannesburg-based investment advisers from practicing for 30 years has sent shockwaves through the financial community. The case has significant implications for investors and financial markets, not only in South Africa but across the African continent. The Legal Case The High Court found the

Johannesburg Investment Advisers Barred for 30 Years: Implications for South Africa and Beyond Read More »

Photo Credit: Adobe Stock

Understanding the Unique Dynamics of the African Cryptocurrency Market

ACCN / Leave a Comment

  The cryptocurrency market in Africa is rapidly evolving, presenting unique characteristics that distinguish it from more established markets like those in North America, Europe and Asia.   Adoption Driven by Necessity In many African countries, cryptocurrency adoption is driven by necessity rather than speculation.  High inflation rates, unstable local currencies and limited access to

Understanding the Unique Dynamics of the African Cryptocurrency Market Read More »

Photo Credit: Adobe Stock

Blockchain Africa Conference 2024: Celebrating a Decade of Innovation

Blockchain, South Africa / Leave a Comment

  Get ready to dive into the future of digital innovation at the Blockchain Africa Conference 2024! Celebrating a decade of ground-breaking advancements, this year’s edition is set to make waves as it marks its 10th anniversary on November 20, 2024,  at the CSIR International Convention Centre in Pretoria (Tshwane), South Africa. This milestone event

Blockchain Africa Conference 2024: Celebrating a Decade of Innovation Read More »

Photo Credit: Adobe Stock

Ethereum Adoption in Africa: Challenges & Opportunities

Adoption, Ethereum / Leave a Comment

As the world’s attention shifts to decentralized finance (DeFi) and non-fungible tokens (NFTs), Africa remains a crucial frontier for Ethereum adoption. Africa, with its vast and growing population, presents a significant opportunity for Ethereum adoption.  Despite regulatory hurdles and infrastructure challenges, the continent’s entrepreneurs, governments, and enthusiasts are harnessing Ethereum’s power to drive innovation and

Ethereum Adoption in Africa: Challenges & Opportunities Read More »

Photo Credit: Adobe Stock

The Pulse of Progress: 6th Edition of African Digital Summit 2024 Unlocking Innovation, Collaboration, and Growth

Events, Morocco / Leave a Comment

The African Digital Summit (ADS) is set to return for its 6th edition on October 8 and 9, 2024. Get ready for one of the most anticipated event in Africa’s digital calendar!  Scheduled this year for October 8-9, 2024 in Casablanca (Morocco), the African Digital Summit is set to return for its 6th edition, promising

The Pulse of Progress: 6th Edition of African Digital Summit 2024 Unlocking Innovation, Collaboration, and Growth Read More »

Photo Credit: Adobe Stock

Ethereum Meets African Payments

Ethereum / Leave a Comment

    The African continent is witnessing a surge in digital payments, driven by innovations in fintech and the proliferation of mobile devices.  Amidst this growth, Ethereum-based solutions are gaining traction, offering opportunities for interoperability and scalability. Integrating these solutions with existing payment systems and infrastructure poses significant challenges, in this article we explore the

Ethereum Meets African Payments Read More »

Photo Credit: Adobe Stock

Central African Republic (CAR): Fifteen Experts Join Forces with President Touadéra to Design New Cryptocurrency Regulations

Central African Republic (CAR) / Leave a Comment

  The Central African Republic (CAR) has taken a major step forward in its efforts to facilitate economic recovery and prosperity by establishing a committee of 15 experts to design a ‘more comprehensive’ cryptocurrency regulatory framework. This comes following a high court ruling last year that aspects of the plans announced last year were ‘unconstitutional’.

Central African Republic (CAR): Fifteen Experts Join Forces with President Touadéra to Design New Cryptocurrency Regulations Read More »

Photo Credit: Adobe Stock

Airtel Africa: Driving Change with 4G & 5G Investment in Nigeria

Nigeria / Leave a Comment

Airtel Africa has revealed that it acquired fourth-generation (4G) and fifth-generation (5G) spectrums from the Nigerian Communications Commission (NCC) at a cost of US$316.7 million as part of its strategic mission to bolster connectivity in Nigeria. The telecom giant was the sole bidder in the auction that saw them acquire 100MHz in the 3,500MHz band and

Airtel Africa: Driving Change with 4G & 5G Investment in Nigeria Read More »

Photo Credit: Adobe Stock

African Fintech Is Trending

Investments / Leave a Comment

  The African fintech ecosystem continues to expand, despite global economic challenges. As an investment segment, the fintech industry made up more than 25% of all venture capital rounds in the last few years, with South Africa joining other regional leaders, such as Egypt, Nigeria and Kenya. Out of the nine notable tech unicorns in

African Fintech Is Trending Read More »

Photo Credit: Adobe Stock

Original Article By: https://www.bizcommunity.com/Article/196/727/234740.html

FTX Was Doing Billions in Business in Africa – Here’s All You Need to Know

Exchange / Leave a Comment

  Nestcoin, a startup leading crypto and Web3 activities in Africa, has been linked to the collapsed FTX exchange. With FTX’s bankruptcy proceeding, Nestcoin has laid off at least 30 employees, while the salaries of the remaining employees have been reduced by 40%. FTX Affiliates in Africa are Counting Losses The CEO of Nestcoin, Yele

FTX Was Doing Billions in Business in Africa – Here’s All You Need to Know Read More »

Photo Credit: Adobe Stock

Original Article By: https://insidebitcoins.com/news/ftx-was-doing-billions-in-business-in-africa-heres-all-you-need-to-know

Bitcoin Mining in Africa: One of the World’s Cheapest Place to Mine BTC

Mining / Leave a Comment

The profitability of mining Bitoin depends in great part on the cost of electricity and soaring energy prices across the globe are impacting bitcoin mining operations. Given the amount of energy required to mine 1 BTC, the cost of energy crisis is understandably of the main factors mining companies must consider when looking to maximise

Bitcoin Mining in Africa: One of the World’s Cheapest Place to Mine BTC Read More »

Photo Credit: Adobe Stock

Subscribe
Subscribe