Auto Added by WPeMatico

Report: Zimbabwe Proceeding With Digital Currency Plans, Central Bank Undeterred By Slow Adoption of Nigerian CBDC

Undeterred by the reported slow adoption of the Nigerian central bank digital currency, the deputy governor of the Reserve Bank of Zimbabwe, Innocent Matshe recently said his institution will proceed…

Continue ReadingReport: Zimbabwe Proceeding With Digital Currency Plans, Central Bank Undeterred By Slow Adoption of Nigerian CBDC

South Africa Retailer Pick n Pay Now Accepts Payment in Bitcoin at 39 Outlets

Pick n Pay, the South African retailer, has revealed that some of its grocery stores are now accepting bitcoin payments. To ensure payments are affordable, Pick n Pay reportedly uses…

Continue ReadingSouth Africa Retailer Pick n Pay Now Accepts Payment in Bitcoin at 39 Outlets

Nigerian Presidential Hopeful’s Party Says It Will Review Country’s Blockchain and Crypto Policy if Elected

The party of the Nigerian presidential hopeful Asiwaju Bola Tinubu has promised to set up an advisory committee to review regulations that govern blockchain and virtual asset services if it…

Continue ReadingNigerian Presidential Hopeful’s Party Says It Will Review Country’s Blockchain and Crypto Policy if Elected

Eswatini Central Bank Partners With German Firm to Explore CBDC

Eswatini recently became the latest African country to jump on the central bank digital currency (CBDC) bandwagon after its central bank selected Giesecke Devrient, a Germany-based technology firm, as its…

Continue ReadingEswatini Central Bank Partners With German Firm to Explore CBDC

Ethiopia Orders Banks to Reject Requests for Foreign Exchange to Buy ‘Non-Priority Products’

The Ethiopian government has instructed banks to reject requests for foreign currency to buy so-called non-priority products. The Ethiopian Minister of Industry Melaku Alebel Addis has defended the move, saying…

Continue ReadingEthiopia Orders Banks to Reject Requests for Foreign Exchange to Buy ‘Non-Priority Products’

Report: Ghanaian Currency Slips to Another Low Versus the US Dollar

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…

Continue ReadingReport: Ghanaian Currency Slips to Another Low Versus the US Dollar

Nigeria Can Become World Leader in the Digital Economy Says Vice President Yemi Osinbajo

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…

Continue ReadingNigeria Can Become World Leader in the Digital Economy Says Vice President Yemi Osinbajo