The United States is imposing sanctions at a record-setting pace again this year [2024], with more than 60 percent of all low-income countries now under some form of financial penalty,…
The Bank of Zambia (BoZ) has said it will take a cautious approach to banning the use of the U.S. dollar in local transactions to avoid distortions in the economy.…
Fresh from raising $157.4 million, MNT-Halan, Egypt’s largest non-bank financial institution and fintech, has acquired Tam Finans, a leading commercial finance company in Turkey with a loan book exceeding US…
Jambo, the pioneering force behind Web3 mobile infrastructure aimed at empowering emerging markets, has announced a strategic collaboration with PixelVerse, a trailblazing Telegram-based gaming platform that has engaged over 100…
Finance and foreign ministers have called for the reforming of the international financial system to improve the prospects of developing countries at a just-concluded United Nations (UN) Member States meeting…
According to a top Russian official, African countries will not achieve their development goals under the current global financial system as this would take them out of neo-colonial control. The…
In a move set to enhance digital identity in Africa’s growing Web3 ecosystem, Unstoppable Domains, the leading provider of onchain domains with over 3.9 million registered domains, in collaboration with…
The Zimbabwean Finance Minister, Mthuli Ncube, has ordered that government services be paid for in the local ZiG currency, part of new measures to boost demand for the nation’s gold-backed…
The Ethiopian government has announced the implementation of a market-based exchange rate system marking a significant shift in the country’s economic policy. This means banks are henceforth allowed to buy…
Emerging markets and developing economies face heightened risks and regulatory challenges from the adoption of global stablecoins (GSCs) according to a new report from the Financial Stability Board (FSB). The…