CBN preaches eNaira adoption to Nigerian university
The eNaira could potentially be used to pay salaries of federal workers, a CBN official said.
CBDC
5 billion reasons Africa needs to ditch the U.S. dollar for cross-border trade
Although the U.S. accounted for less than 10% of Africa’s total trade in 2019, nearly half of Africa’s trade is settled in U.S. dollars. The mismatch in commercial and payment flow cost Africans $5 billion yearly, Kioneki writes.
Bank of Ghana delays CBDC launch due to the ‘dislocation of the economy’
The pilot of the project was successful but other factors have been responsible for the silence on the launch.
eNaira transaction volume climbs 63% amidst cash crunch in Nigeria
The governor of the Central Bank of Nigeria attributes the increase to the government's welfare program.
Reserve Bank of Zimbabwe says CBDC project is progressing ‘steadily’
Its call for public opinion on the project had received 2,286 responses as of January 2023.
‘CBDCs are potentially useful,’ says Standard Bank’s chief executive
However, he does not share the same optimism about privately generated cryptocurrencies.
Tanzania adopts a ‘cautious’ approach to CBDC following preliminary research
The Bank of Tanzania is researching CBDCs and has yet to decide if the East African country needs a digital shilling.