The International Monetary Fund urged authorities last month to wind down the use of the gold coins and to use appropriate interest-bearing instruments to carry out monetary policy.
Zimbabwe has banned all lithium exports after the government said it was losing 1.7 billion euros from exporting it as a raw mineral and not processing it into batteries in-country.
In 2021, I had the idea to bring Bitcoin knowledge to the Global South with a focus on fostering communities on the ground and connecting them infrastructure-wise and people-wise with the Bitcoin network
The United States and the Netherlands are set to buy dozens of T-72 tanks from Morocco and then forward the weapons on to Ukraine, in a deal negotiated in secret between Washington and Rabat. Notably, the move marks a deviation from Morocco's neutr
The president said coal-fired power plants would be replaced with renewable energy sources
A year after launching its CBDC, the Central Bank of Nigeria has capped cash withdrawals to get more people to go cashless.
The Nigerian government says that foreign-supplied weapons transferred from the West to the Ukrainian government have begun to proliferate in the west African region. The illegal arms have begun to "filter" to the region, Nigeria's president said.
Now, a year after its launch, the adoption of the eNaira is not going quite as the government had planned as only 0.5% of Nigeria's 217 million citizens are using the central bank issued digital currency, according to a report from Bloomberg.
France exploits the resources of African nations to back it's currency
A long history of rampant currency debasement in Nigeria--including six devaluations in recent years--also helped spur the adoption of Bitcoin, which is totally resistant to inflation.
Mobile money exploded in East Africa through the launch of M-Pesa, a phone-based money transfer service founded in Kenya fifteen years ago. Despite policy and funding challenges, markets in West Africa such as Senegal and Côte D'Ivoire now se