Tag: West Africa

State of digital currency adoption in Cape Verde

Deputy prime minister Olavo Correia stated that Cape Verde wants to achieve 60% of digital public services by 2026. Cape Verde's Central Bank...

Examining the progress of the African Metaverse

The African Metaverse has the potential to foster cross-cultural understanding and collaboration. By bringing people from different parts of Africa together in a shared virtual space, the Metaverse can help to break down barriers and build bridges between different communities and cultures. Essentially, the African Metaverse is a new frontier for digital innovation, potentially transforming many aspects of society. The African Metaverse can shape the continent’s future by democratizing access to digital content and services, creating new economic opportunities, and fostering cross-cultural understanding.

The increasingly significant role of blockchain technology in Africa

Africa is a strong contender for developing technologies such as blockchain and cryptocurrency owing to the continent's growing mobile tech adoption rates. Considering the turbulent global financial markets, expensive remittance costs, and restricted banking access, blockchain technology in Africa offers alternatives to tackle their day-to-day issues.

Nigeria: The future of Web3, crypto ahead of 2023 elections

Nigeria became the first African country to launch a CBDC In 2021, Nigeria was ranked the third country globally with the highest bitcoin...

Nigeria 2023 elections: Is the Naira Scarcity a ploy to force eNaira adoption?

At the beginning of February 2023, commercial banks in cities and towns could not swap old currency notes with newly designed naira notes ...

Akon City: A fleeting dream blown by the winds of resistance

Akon announced the project of the very first technological city, Akon City, in 2018. The initial plan for the city greatly hinged on...