BTCM: Kenya’s latest crypto mining Ponzi Scheme collapses, leaving investors empty-handed
This is the latest in a long list of Ponzi platforms promising bogus ROI fleeing with investors’ money.
Kenya
Uganda becomes Kenya’s fastest-growing source of diaspora remittance
With the Kenyan shilling depreciating, Kenyans in Uganda are finding it more profitable to send money home.
Nigeria shows the highest crypto interest in Africa — CoinGecko study
Nigeria was previously ranked as the most crypto-curious country in the world.
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.
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.