The Central Bank of Nigeria (CBN) is launching a new electronic system (EFEMS) to improve transparency in the foreign exchange market. This comes as the
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Inflation, Dollar Shortage Fuel Stablecoin Use in Sub-Saharan Africa
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
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All-Women AI PhD Program Launches in Africa
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
Read moreStablecoins now 43% of Sub-Saharan Africa crypto tx volume: Chainalysis
Nigeria and Ethiopia have both experienced local currency devaluation which has driven stablecoin adoption.
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Nigeria Unveils Oil-for-Naira Program to Stabilize Local Currency
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
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Ghana Launches Gold Coin Priced in Local Currency
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
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