Africa
IMF is Concerned Kenya’s CBDC Might Threaten Private Banks And Mobile Money Operators
The International Monetary Fund (IMF) has expressed concern that Kenya’s proposed central bank digital currency (CBDC), also known as the...
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The Bank of Central African States Is Invited to Move to the Adoption of the CBDC
There may soon be a common virtual currency used by members of the Economic and Monetary Community of Central Africa...
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Head of African Regional Central Bank Calls for Creation of Digital Currency
The head of the Bank of Central African States (BCAS), Herve Ndoba, has told the regional central bank’s board that...
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Board Urges Bank of Central African States to Introduce Common Digital Currency
The Central African Republic, one of the nations served by the Bank of Central African States, passed legislation adopting Bitcoin...
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Concerns Over Lost Fee Income Prompt Nigerian Lenders to Slow CBDC Adoption
Nigerian lenders have been putting up roadblocks against using the country’s digital currency, concerned about loss of revenue from traditional...
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Digital Currencies: These African Central Banks Are Exploring CBDCs
Many sub-Saharan African central banks are considering a digital currency or already piloting one. While countries have different motives for...
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Namibia Central Bank Delegation Calls on Bank of Ghana Governor
A four-member delegation led by the Governor of the Bank of Namibia, Mr Johaness Gowaxab has paid a courtesy call...
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Bank of Ghana Rolls Out Mobile Wallet
The Bank of Ghana has launched GhanaPay, a common mobile wallet open to the country's financial services sector. The wallet...
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Bank of Ghana Unveils GhanaPay Mobile Wallet
Ghana’s central bank has launched GhanaPay, a mobile wallet for savings and loans companies and banks, including rural and community...
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Nigeria to Enable eNaira CBDC on Feature Phones for Financial Inclusion
Following the launch of its central bank digital currency (CBDC) pilot in October 2021, the Central Bank of Nigeria is now extending the eNaira service...
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