Staff Writer
The second-largest population of cryptocurrency owners in the world is in Africa. Three African nations—Nigeria, Morocco, and Kenya—are among the top 20 users of cryptocurrencies and related services, according to Chainalysis’ 2022 Global Crypto Adoption Index.
Although the use of digital currencies holds the potential to increase financial inclusion, a regulatory framework must be put in place immediately.
This week, we have Mammadou Kwidjim Touré as our guest. His assessment was that “the big challenge of a central bank digital currency will be to respect the freedoms of citizens through their digital identity on the information that can or cannot be shared.”
Mamadou Kwidjim Touré, the founder and CEO of Ubuntu Tribe, declared that “the digital revolution we are witnessing will be the salvation of Africa.”
DRC: The mining agreement with China will be revised in 2008, according to President Félix Tshisékédi
President Félix Tshisekedi has advocated for amending the mining agreement that his predecessor Joseph Kabila signed with China in 2008 in order to “guarantee the interests” of the Democratic Republic of the Congo.
The Inspectorate General of Finance (IGF) found the deal, which calls for building infrastructure in exchange for cobalt and copper extraction, to be unbalanced. The IGF estimates “76 billion in profits for the Chinese party against 3 billion in infrastructure for the DRC” in its report from last month.
South Africa: Are the reports from international rating organizations fair?
According to South African economists, foreign rating agencies’ reports do not accurately depict the true expansion of the South African economy. In light of this, they contend that South Africa’s mineral riches ought to be considered a performance indicator by the main agencies, including Moody’s, Fitch, and S&P.
Wandiswa Ntengento, our correspondent in South Africa, spoke with Dr. Sifiso Falala, managing director of the rating organization Sovereign Africa Rating.
