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Ethiopia: Central Bank warns against cryptocurrencies

Ethiopia: Central Bank warns against cryptocurrencies

The National Bank of Ethiopia (NBE) issued a statement on Monday warning against cryptocurrency trading in the country. The NBE said digital currencies like crypto-currencies and bitcoins haven’t been recognized by the NBE as a transactional and payment method, state affiliated Fana Broadcasting Corporate (FBC) reported. “Ethiopia’s national currency is …

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South Africa: Around 3,000 travelers stranded after airline chaos

South Africa: Around 3,000 travelers stranded after airline chaos

At least 3,000 travelers to South Africa have been left stranded after airline Comair abruptly suspended all flights with immediate effect. The airline announced the suspension on Tuesday evening, citing financial issues, the BBC reported. Angry customers say Comair offered specials and accepted bookings just hours before announcing the suspension. …

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Central African Republic: Bitcoin project faces major difficulty

Central African Republic: Bitcoin project faces major difficulty

The Cemac Banking Commission (Cobac), has not accepted the adoption by the Central African authorities of the Bitcoin cryptocurrency as one of the country’s official currencies. Following an extraordinary meeting on May 6, the Cobac banned the use of cryptocurrencies in banking and financial institutions in the countries of the …

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Zimbabwe suspends bank lending in bid to arrest currency decline

Zimbabwe suspends bank lending in bid to arrest currency decline

Zimbabwean government on Saturday ordered banks to stop lending with immediate effect in a move Harare said was designed to stop speculation against the Zimbabwean dollar and was part of a raft of measures to arrest its rapid devaluation on the black market, Reuters reported. The southern African country reintroduced …

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