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“# Africa’s crypto market has grown by more than 1,200% since 2020: Chainalysis ” Digital analytics firm Chainalysis reported that the cryptocurrency market in Africa has grown significantly since last year in addition to the region having a larger share of overall retail transaction volume compared to the global average. In a report released on…
“# Project Giant: Nigeria’s CBDC set for pilot rollout on Independence Day ” After four years of development, the Central Bank of Nigeria (CBN) is set to roll out its digital currency project. The launch will reportedly happen on the occasion of the country’s 61st Independence Day celebration on Oct. 1. Nigeria’s central bank digital…
“# Senegalese locals left disillusioned by lack of progress on Akon City ” While originally spruiked as a futuristic city inspired by the Marvel movie Black Panther that would emerge as a “beacon of innovation and human development” and bolster the West African and Senegalese economies by Akon in 2018, there are few signs of…
“# Emerging economies dominate Chainalysis’ 2021 Global Crypto Adoption Index ” Vietnam, India and Pakistan are leading the world in terms of cryptocurrency adoption, underscoring the resilience of peer-to-peer monetary systems in emerging economies. Chainalysis’ 2021 Global Crypto Adoption Index evaluated 154 countries based on three key metrics: on-chain cryptocurrency value received, on-chain retail value…
“# Ghana’s digital cedi must emulate cryptocurrencies, Afroblock states ” The latest central bank digital currency (CBDC) initiative from Bank of Ghana (BoG) met with skepticism as Afroblocks, an in-house independent association, speculates lack of clarity on the central bank’s intentions. Afroblocks (previously Blockchain Society Ghana) has warned BoG to steer away from “old traditional…
“#Facebook, Google build undersea internet cables for Asia and Africa” Facebook and Google are building undersea internet cables around the world — and are betting that the investments will bring in millions of new customers. Facebook revealed Sunday that it is helping build a 7,500-mile cable connecting countries including Japan, Indonesia, the Philippines and Taiwan….
“#Mopane lion allegedly killed by American hunter” A mystery bow hunter — suspected to be an American — is sparking international outcry after hunting down and killing a beloved male lion named Mopane earlier this month in Zimbabwe. The tragedy, which took place at Hwange National Park, reportedly occurred Aug. 5 after an unnamed American…
“#Barack Obama joins NBA Africa as minority owner” Former President Barack Obama has taken a minority stake in the National Basketball Association’s Africa business, joining as a strategic partner. The NBA launched its Africa business, which oversees the Basketball Africa League, in May. NBA Commissioner Adam Silver has said it’s valued at nearly $1 billion….
“# Nigeria to pilot central bank digital currency in October ” For much of 2021, the Central Bank of Nigeria (CBN) has been in the headlines for its anti-cryptocurrency measures. Yet, the institution has this week redoubled its investment and research into crypto’s underlying technology, blockchain, and has set a clear date for the pilot…
“# Etherisc onboards 17K Kenyan farmers covered by blockchain-based crop insurance ” An insurance collaboration between decentralized protocol Etherisc and microinsurance issuer ACRE Africa has allowed thousands of farmers in Kenya to receive coverage for weather-related risks. Etherisc and ACRE Africa said they had processed insurance payouts for some of the more than 17,000 smallholder…