Cryptocurrencies in search of regulation
Africa is the second region in the world to be home to the most cryptocurrency holders. According to Chainalysis’ 2022 Global Crypto Adoption Index, three African countries are among the top 20 users of cryptocurrencies and related services: Nigeria, Morocco and Kenya.
If digital currencies promise to improve financial inclusion, the implementation of a regulatory framework is a must.
Mammadou Kwidjim Touré is our Alex Reed this week. For him, “the big challenge for a central bank digital currency will be to respect the freedoms of citizens through their digital identity on information that may or may not be shared. ”
“The digital revolution that we are witnessing will be Africa’s salvation,” said Mamadou Kwidjim Touré, founder and CEO of Ubuntu Tribe.
DRC: President Félix Tshisékédi plans to revise the mining contract with China in 2008
President Félix Tshisekedi spoke in favor of the revision of the mining contract concluded in 2008 with China by his predecessor Joseph Kabila, in order to “guarantee the interests” of the Democratic Republic of Congo.
This contract, deemed unbalanced by the General Inspectorate of Finance (IGF), involves the construction of infrastructure once morest the exploitation of cobalt and copper. In its report made public last month, the IGF advances an amount of “76 billion gain for the Chinese part once morest 3 billion of infrastructures for the DRC”.
South Africa: Are the reports of foreign rating agencies balanced?
South African economists believe that reports from foreign rating agencies do not reflect the true growth of the South African economy. In view of this observation, they believe that the main agencies – Moody’s, Fitch and S&P – must include the mineral wealth of South Africa as a performance indicator.
Our correspondent in South Africa, Wandiswa Ntengento spoke with Dr Sifiso Falala, managing director of the rating agency Sovereign Africa Rating.
