Given that ZiG, in its current structure and functionality, shares many characteristics of a CBDC, it is envisaged that this instrument would serve as the foundation for the country's central bank digital currency (CBDC).
Local news sources claim that Zimbabwe is now…
It is impossible to emphasize the importance of M-PESA to financial inclusion, economic development, and personal empowerment. M-PESA's amazing success can be attributed to five important characteristics that have helped it rise to the top of the mobile payments industry worldwide.
M-PESA…
President Museveni said, "There are a number of non-Bretton Woods sources from which we can borrow if there is an absolute need for borrowing."
Yoweri Museveni, the president of Uganda, has stated that if the nation needs to borrow money, non-Bretton Woods…
Cryptocurrencies have revolutionized the financial world, ushering in a new era of decentralized digital assets that have the potential to disrupt traditional financial systems. At the forefront of this revolution is Bitcoin, the pioneer of cryptocurrencies, which introduced the concept of blockchain…
By connecting their bank account or debit card to the wallet, users, according to FlexID, can quickly send and receive money, pay bills, make purchases, and access extra services like investment options and budget management tools, all from the WhatsApp interface. The…
The DG then visited our office. He requested our assistance, and we agreed to work with them to create a blockchain certificate authentication system that will enable individuals to review and validate all NYSC certifications. - NITDA Director General
The National Youth…
About 39.9% of respondents indicated that invoices are normally completed within a day or less in South Africa, while Nigeria was closely behind at 39.7%, taking the lead in terms of invoice processing speed.
South Africa is leading the digital revolution of…
Vault Pay, a startup from the Democratic Republic of the Congo, is the third African startup to be chosen for the cohort after being chosen for the Y Combinator Summer 2023 (S23) class.
The payments company has joined the S2023 group together…
Several local sources state that the Central Bank of Nigeria has withdrawn sanctions against a number of fintech and FX players that were imposed in 2021 during the crypto ban period.
The 440 individuals and businesses' bank accounts were subject to a…
By 2040, 31 African cities will be home to more than five million people, according to a recent study by Mckinsey, the top global consulting firm.
According to the estimate, nearly 500 million people are expected to move to urban areas in…