TL;DR, A $5.5B uganda cbdc pilot targets 40M users, 1M jobs, and up to $10B in exports via a USSD-enabled digital shilling. Unlike struggling CBDCs like Nigeria’s eNaira, Uganda’s model is “production-first,” giving citizens and industries an immediate reason to use it by integrating it into supply chains and job creation from day…
TL;DR, Africa hit $25B in on-chain transactions in March as blockchain in africa accelerates low-fee, transparent remittances and access despite infrastructure gaps. Stablecoins like RLUSD, CBDCs such as eNaira, and a $15M Lisk fund are delivering faster settlements, inflation protection, and real inclusion across key markets. Regulators are adding licensing and taxes while AI tools…
In Brief Digital asset regulation anchored in research will close cross-border loopholes and standardize crypto reporting for Ghana. Resource-Based Monetary Sovereignty (RBMS) proposed, focusing on tangible assets over foreign currency debt. A potential dCedi model would be redeemable for specific commodities, shifting focus to store of value. The Bank of Ghana has taken…
In Brief CBDC implementation in Rwanda enters a proof-of-concept phase, focusing on offline payments, USSD access, and integration with existing systems. Selected banks, merchants, and institutions will test security, legal, and user-experience features over a five-month period. Public ideathons and consultations ensure the CBDC design remains inclusive, complementing, but not replacing, mobile money services. Rwanda’s…
TL;DR, Rwandan CBDC will launch in 2026, offering financial inclusion, digital cash alternatives, and public-tested innovations to empower Rwanda’s cashless economy ambitions. Rwanda’s central bank sets a two‑year roadmap, testing CBDC design, resilience, and cross‑border payments to rival early adopters in Africa. Public consultation and feasibility research shape Rwanda’s CBDC, ensuring secure, inclusive, and technologically adaptive…
TL;DR, The BRICS digital currency aims to challenge dollar dominance as USD’s share of global FX reserves dropped from 70% in 2000 to 57.8% in 2024. The BRICS Bridge platform will connect member states’ financial systems using CBDCs and stablecoins, targeting 20,000 transactions per second to compete with SWIFT. The project faces significant challenges including…
TL:DR, Zimbabwe’s ZiG currency launches as physical gold-backed money, with 2.6 tonnes gold reserves backing 1.1 billion ZiG units, replacing previous digital token plans in April Zimbabwe abandoned its digital currency ambitions, converting gold-backed digital tokens into physical ZiG notes and coins valued at international gold prices. One ZiG is equivalent to 1 mg of gold, with…
TL;DR, The BRICS payment system uses blockchain and CBDCs for local-currency settlements, but July 2025 talks confirmed no unified currency—raising questions about Africa’s sovereignty versus dependency trade-offs. While Nigeria’s eNaira struggles with adoption and stablecoin use explodes, African nations face a choice: integrate PAPSS, BRICS rails, and Western systems, or risk new digital…
TL;DR, The cNGN stablecoin is Nigeria’s regulated, naira-backed digital currency that succeeded where the eNaira failed, surpassing 1 billion tokens in circulation by late 2025. Unlike the faltering eNaira CBDC, the privately-issued cNGN stablecoin focused on interoperability, fintech integration, and low-cost utility, driving rapid adoption across Nigeria. Backed by Nigeria’s National Blockchain Policy,…
TL:DR, The CBDC vs cryptocurrency landscape in Africa shows contrasting approaches: Nigeria launched Africa’s first CBDC (eNaira) on October 1, 2021, while Central African Republic adopted Bitcoin as legal tender in April 2022. Nigeria’s eNaira offers both physical cards and digital wallets for payments, while CAR froze its Bitcoin legal tender implementation in July 2022 to develop…
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