Nigeria secures $1 billion concessionary loan from African Development Bank
The Federal Executive Council also approved a total limit of 2 trillion naira for the Ministry of Finance to reduce the country's debt servicing.
News
Somalia joins the East African trade bloc
Although Somalia submitted its application in 2012, it took 11 years to grant its request due to lingering security concerns.
🟠 South Africa, the crypto torchbearer
Plus:
🇳🇬 Patricia hack saga continues
🇸🇨 Seychelles’ statement about unregistered virtual asset service providers.
Nigerian Police announces an arrest in connection to Patricia’s security breach
Bonse was alleged to have conspired to launder 50 million naira from funds stolen from Patricia.
Stitch introduces crypto payment option in South Africa
The novel feature is built on top of the crypto company’s VALR’s application programming interface (API).
How crypto provides people with a way out during conflicts
During wars and protests, cryptocurrency offers people an escape route. It provides a means of financial freedom and independence from traditional financial systems.
Seychelles Financial Services Authority clamps down on unregistered virtual assets service providers
The island has seen more activity from global crypto companies than most African countries due to its relaxed KYC guidelines and loose virtual asset regulations.