Tag: Africa
NGN/USD: Nigeria Dollar Supply Jumps After Ban on Some Forex Deals Is Lifted
Dollar supply in Nigeria soared after the central bank scrapped restrictions on buying foreign currency required to import 43 items, in a bid to stem [...]
NGN/USD: Nigeria Dollar Supply Jumps After Ban on Some Forex Deals Is Lifted
Dollar supply in Nigeria soared after the central bank scrapped restrictions on buying foreign currency required to import 43 items, in a bid to stem [...]
Kenya Shilling Pays Price Of Year Of Blunders, Treasury Chief Says
The Kenyan shilling’s sharp slide against the dollar follows years of policy missteps at the central bank, according to Treasury Secretary Njuguna Ndu [...]
State Dept. Contractor Is Accused of Stealing Satellite Imagery of Africa
A State Department contractor stole classified documents that included satellite imagery and other sensitive information about military activities in [...]
What happens when crypto meets fintech in Africa?
Ahead of the Africa Money and DeFi Summit, Hashing It Out host Elisha Owusu Akyaw (GhCryptoGuy) speaks with Andrew Fassnidge, founder of Africa Tech S [...]
Opera browser debuts stablecoin wallet MiniPay in Africa
The web platform Opera revealed its plans to launch a non-custodial stablecoin wallet integrated into its mobile web browser which will be made availa [...]
Nigeria Asks Banks to Reserve Forex Gains Amid Naira (NGN/USD) Risks
Nigeria’s central bank instructed the nation’s lenders to divert windfall currency revaluation gains into buffers against future losses, following the [...]
As Africa opens a climate summit, poor weather forecasting keeps the continent underprepared
Europe has 345 radar facilities. North America, 291.
“The continent, at large, is in a climate risk blind spot,” said Asaf Tzachor, a researcher at t [...]
Onboarding crypto users in Africa vs. the West — Fonbnk founder Christian Duffus explains
The African continent is considered a significant market for crypto adoption due to its youthful population, flawed economic management by governments [...]
Bitcoin gains traction in West Africa with educational drive
Bitcoin (BTC) adoption in West Africa is dominated by Nigeria, the crypto powerhouse and the region’s economic engine. But against a backdrop of anti- [...]
Phala Phala Farm: S. Africa SARB Says Can’t Conclude Ramaphosa Broke Forex Rules
The South African Reserve Bank, after a yearlong investigation, couldn’t conclude if President Cyril Ramaphosa broke the law when he kept foreign curr [...]
President Tinubu Receives Petition Against Africa’s Richest Man, Dangote Over $3.4Billion ‘Siphoned’ Through Nigeria’s Central Bank
President Bola Ahmed Tinubu has received a petition against Africa’s richest man, Alhaji Aliko Dangote over $3.4 billion allegedly siphoned through [...]
Rand (ZAR/USD) Swings Expected Ahead of South Africa Elections, FX Traders Say – Bloomberg
Rand (ZAR/USD) Swings Expected Ahead of South Africa Elections, FX Traders Say Bloomberg
www.bloomberg.com [...]
Commodity tokenization is the economic aid Africa needs
In my youth, amid Ghana’s cocoa farms, I walked with my grandfather, a soldier turned farmer. He shared how these beans fueled our nation’s pride and [...]
Diageo Nigeria Says It Can’t Get Dollars Despite Forex Reforms
Diageo Plc’s Nigeria unit said it’s struggling to obtain dollars to pay back foreign-currency loans, despite the government’s liberalization of the fo [...]