CBDCs, like the eNaira, are potentially risky, IMF official says
The IMF MD believes retail CBDCs may result in “unforeseeable” results for central banks.
Kenya
South Africa-based USSD bitcoin transfer service launches in Ghana
The service will allow Ghanaian users without internet access to send and receive bitcoin.
Kenya plans to tax cryptocurrency exchanges despite the central bank’s unfriendly stance
Crypto exchanges in Kenya will soon be mandated to pay a 1.5% duty on every commission received by Kenyans.
Can blockchain solve Africa’s worsening housing shortage? This startup thinks so
Blockchain company Empowa has used NFTs as a fundraising vehicle to grow Mozambique’s home loan market by 5%. It is now looking to expand across Africa.
Zebedee and Bitnob partner to help African gamers earn bitcoin rewards
African users will be rewarded in satoshis when they play games or listen to podcasts on the gaming app. They can convert the rewards to their local currency through Bitnob.
A new report says African blockchain firms raised $474 million in 2022, but the methodology is questionable
South Africa, Liberia and Kenya led Nigeria for total funding. MFS Africa, Valr, Jambo, Ejara all feature in the report.
Ethiopia and Kenya join Ghana in seeking IMF bailout
The three African countries are requesting loans to restore financial stability, worsened by the covid-19 pandemic and global supply chain crunch.