Africa
Nigeria Using eNaira CBDC to Disperse Aid, Including Farmer Loans
In March, the Central Bank of Nigeria unveiled plans to assist local farmers with loans for farm tools using the eNaira digital wallet. Additionally,...
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Jamaica’s Finance Ministry Launches Incentive Program to Trigger CBDC Growth
Jamaica’s Ministry of Finance has launched new incentive programs to increase the adoption of the country’s central bank digital currency...
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How Can the CBDC JamDex Give Jamaicans A Better Way of Spending and Sending Money?
Central Bank Digital Currency (CBDC) is an emerging financial technology that is gaining traction around the world. Jamaica has taken...
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How 19 African Central Banks Are Considering Digital Money Use
As digital currencies take the world by storm, many countries are exploring the idea of issuing central bank governed e-currencies....
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eNaira Fails to Gain Traction in First Year of Rollout – IMF
The usage of eNaira, Nigeria’s digital currency, has been slow since the first year of its launch in 2021, according...
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CBN Invites US Tech Company to Revamp eNaira, Proposes $800m Transfer to Poor Nigerians
The Central Bank of Nigeria (CBN) seeks to revamp and drive the mass adoption of its digital currency, the eNaira...
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Nigeria’s Central Bank on Hunt for New Tech Partners in Bid to Fix ‘broken’ CBDC
Nigeria wants to fix its central bank digital currency (CBDC) after a rocky launch. The Central Bank of Nigeria (CBN) has opened talks with...
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Nigeria’s Central Bank in Talks with Partners to Revamp Its CBDC – eNaira
Two sources familiar with the matter said that the central bank is willing to develop its own software for the...
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Central Bank of Nigeria Highlights 11 Advantages of CBDCs
A new document by the Central Bank of Nigeria (CBN) may indicate why Nigeria was the first African country and...
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Tanzania opts for ‘cautious’ approach in its CBDC development
Bank of Tanzania (BOT) has confirmed that it will adopt a cautious approach in developing its central bank digital currency (CBDC) to...
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