2021 year in review: Bitcoin comes of age in Africa
2021 had it all in Africa for digital currencies—adoption soared by 1,200% as Kenya led global P2P trades, but there was the bad as well, like a $3.8B scam.
Latest Africa News
Tanzania central bank wants to develop own digital currency
The Bank of Tanzania is looking to expand its digital currency research and development team capacity, following the footsteps of Nigeria’s e-Naira, according to central bank Governor Florens Luoga.
Ghana wants to allow offline payments for its e-cedi CBDC
The Bank of Ghana is seeking to avail the digital currency to as many Ghanaians as possible. As such, the bank is exploring how to make the e-cedi available offline, according to a central bank official.
Africa’s digital currency market grew by 1200% in the past year: Chainalysis
Africa has seen massive growth since June last year, with the need for cheap remittances, rise of P2P platforms, and savings needs leading the adoption, according to Chainalysis.
Kenya leads in global P2P volume for second year in a row
Kenya has ranked first in the world for P2P volume for the second year in a row and fifth for adoption – local traders and startup founders share their views.
Digital currency-related attacks among top cyber threats in Africa: Kaspersky
Kaspersky found that investors in Rwanda and Ethiopia have the highest ratio of targeted attacks at over 3%, with Nigeria and Kenya also ranking highly.
Ghana central bank partners with German firm for CBDC pilot test
The Bank of Ghana recently announced that it had partnered with a German firm for the design and implementation of the digital cedi.
How blockchain can help Africa’s fight against COVID-19 and future outbreaks
There are gaping holes in Africa’s response to the deadly virus, and according to Kayode Babarinde, the executive director of the Africa Blockchain Institute, blockchain could be the solution.
The Bitcoin Bridge: Domineum wants more transparency and efficiency in Africa
On this episode of The Bitcoin Bridge, Domineum founder Mohammed Ibrahim Jega talks about the issues and opportunities in Africa and how the blockchain-as-a-service firm plans to tackle them.
Ghana’s vice president calls for African countries to adopt digital currencies
Dr. Mahamudu Bawumia stated that adopting a single central payment would finally rectify the challenges that stifle cross-border trade in the region.
Nigeria eyes October launch for CBDC after 5 years of research
The central bank has been working on Project GIANT since 2017, conducting research on the opportunities and risks it poses to the Nigerian economy, which is the largest in Africa.
Kenya should consider blockchain voting, electoral commission nominee says
Justus Abonyo, a nominee for Kenya’s electoral commission, says blockchain-based voting would bring down the cost of elections by over 90%.