Nigeria shows the highest crypto interest in Africa — CoinGecko study
Nigeria was previously ranked as the most crypto-curious country in the world.
South Africa
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.
Nigeria and South Africa lead Consensys study on crypto recognition
In Nigeria, 99% of those surveyed knew about crypto, and over 70% understood what a blockchain is.
Egypt explores BRICS membership, plans to ditch US dollar for trade with BRICS nations
The country seeks to conduct international trade in the local currencies of BRICS countries.
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.
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.”
Inflation in Africa: Latest data shows worsening figures across the board
Figures show 50% of countries with available data experienced an increase in consumer prices in March.