AFRICA ( commonwealth Union ) _ 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. According to him, a central bank digital currency’s big challenge will be to respect citizens’ freedoms through their digital identities on the information that can or cannot be shared.
Africa will be saved by the digital revolution we are currently seeing, according to Mamadou Kwidjim Touré, founder and CEO of Ubuntu Tribe. 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.
It is quite debatable whether the reports from international rating organizations are fair or not. 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.
