Bank of Mauritius advances towards the launch of its CBDC
The bank governor added that the bank has an open mind towards new technologies.
CBDC
Zimbabwe’s central bank introduces gold-backed digital currency for retail use
However, there are concerns about its stability, given the price of gold and fluctuations, regulatory challenges, trust, and cybersecurity.
Bank of Ghana partners with EMTECH to launch eCedi hackathon
This initiative invites fintechs, developers, and innovators to develop innovative solutions that explore the versatility of the eCedi.
Ghana records economic growth upon adoption of IMF-supported reform program
The BoG Governor said the country’s economy grew by 3.2% in the second quarter, surpassing the 1.5% growth target set in the IMF program.
Republic of Mauritius launches blockchain-based eVerify service
The eVerify service will be used in the education, health care, production, and legal sectors of the country.
eNaira CBDC set for cross-border and wholesale use-case upgrade
Also, an eNaira-pegged stablecoin is in the works and will be publicly available soon, says Convexity founder.
EMTECH secures $4 million seed investment
EMTECH currently works with six central banks, including Nigeria and Ghana, and is looking to expand into four more African countries.