World Mobile successfully completes telecom field tests in three African countries
The system used new technology different from the one deployed in Zanzibar, where it was originally launched.
Kenya
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.
DeFi lending is taking shape in Africa as Jia raises $4.3 million in funding
The platform has now gone live in Kenya and the Philippines, with sights set on West Africa, Latin America and Asia.
CBDC is not a priority, says the Central Bank of Kenya
The bank said Kenya’s payments problems could be solved by other measures besides launching a CBDC.
Q&A: Blockchain Association of Kenya offers a breakdown of proposed tax bills
Kenya has proposed at least three crypto-related tax bills over the past year — two since April 2023. Here’s what these proposals mean for you.
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.”
P2P bitcoin platform Paxful resumes operations after month-long hiatus
The platform initially suspended its marketplace due to concerns over regulations and internal instabilities.