Top South African retail store now accepts payments in bitcoin across all branches
Pick n Pay’s decision to accept bitcoin payments come amidst an increasingly crypto-friendly posture from the South African government.
South Africa
60% of African countries recorded lower consumer prices in December
Further contractions in consumer prices suggest that central banks’ tactics to curb inflation are productive.
Binance Charity to provide free Web3 training to women in rural South Africa
The training will cover topics such as cryptocurrencies, blockchain fundamentals, Web3, coding, the metaverse, and decentralization.
South Africa adds crypto businesses to ‘list of accountable institutions’
Crypto entities join banks, estate agents, and dealers in foreign currency on the list of accountable institutions in South Africa.
BIS survey finds differing motivations in African CBDC adoption
More than half of the surveyed central banks said the ability to provide cash in a digital form was the leading consideration for exploring CBDC.
October 2022 inflation report: Consumer prices are rising at a slower pace in many African countries
Zimbabwe’s inflation has slowed for the second consecutive month as East African countries report double-digit rates.
September 2022 inflation report: Food prices have become Africa’s main inflation driver
At least 16 countries on the continent reported inflation rates higher than 10% in Sept. Zimbabwe's inflation rate slowed from 285% in Aug. to 280.4% in Sept.