Despite rising interest all across the continent, trade in cryptocurrencies remains banned — in part due to concern about soaring losses arising from crypto scams — by most African governments save for the Central African Republic (CAR). The latest Chainalysis report indicates that losses arising from cryptocurrency scams rose by 60% in the first seven […]
As it heads straight to insolvency, Algeria insists on shunning foreign debt as it resorts to unconventional measures involving the Central Bank money printing to delay an impending bankruptcy in the absence of genuine reforms. After Algerian Prime Minister Ahmed Ouyahia announced a five-year plan to reduce his country’s ballooning budget deficit by borrowing directly […]
Ghana will decide by December which company will build its first nuclear power plant, choosing from contenders including French, US, Chinese, Russian and South Korean energy firms. Faced with power shortages, growing calls for environmentally friendly energy solutions and the vulnerability of hydropower to drought, Ghana has been one of the few African countries exploring […]
