Nigeria shows the highest crypto interest in Africa — CoinGecko study
Nigeria was previously ranked as the most crypto-curious country in the world.
Ghana
25 of 130 countries exploring CBDCs are in Africa — Report
Nigeria is still the only country in Africa to have launched a CBDC while others are cautiously progressing.
Institutes urge Ghana's government to utilize blockchain technology
The organizations advised the government to deploy blockchain technology to reduce corruption, conduct elections and reduce financial leakage.
Ghana’s economy shows signs of improvement, but debt restructuring is crucial — IMF
The global lender reiterated that the country needs to restructure its debt profile to fully enjoy the benefits of the IMF’s bailout.
Sub-Saharan African currencies have plunged 8% in one year amidst soaring public debts and global uncertainties: IMF
The depreciation has contributed to rising inflation in the region. Notably, inflationary pressures do not decline when local currencies strengthen against the US dollar, IMF says.
Ghana secures approval for $3 billion IMF loan facility
This comes weeks after Ghana met IMF’s condition of finalizing a zero-finance agreement with the Bank of Ghana.
Why Jack Dorsey’s $30 billion empire is betting big on Africa
During Block's most recent earnings call, CEO Jack Dorsey listed the Global South, which includes Africa, as one of the three trends the company is “focused on.”