Gold Surges to Record High Amid Safe-Haven Demand
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Gold prices surged to a new record high of $2,729.30 per ounce on October 21, bringing their gains for 2024 to over…
AED Stablecoin Gets Green Light From UAE Central Bank
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AED Stablecoin LLC has received approval from the Central Bank of the United Arab Emirates (UAE) to launch its stablecoin, AE Coin….
Kenya Launches Digital and AI Skills Center
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Kenya, in partnership with the United Nations Development Program (UNDP) and Microsoft, has established the Africa Centre of Competence for Digital and…
Zimbabwe Limits USD Outflows for Departing Residents to $2,000
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The Reserve Bank of Zimbabwe (RBZ) has imposed a new limit on the amount of U.S. dollars that travelers can carry out…
Zimbabwe Injects $50 Million to Bolster Devalued Currency
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The Reserve Bank of Zimbabwe (RBZ) has injected an additional $50 million into the market to support the foreign exchange system. However,…
All-Women AI PhD Program Launches in Africa
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A pioneering Africa-Europe collaboration aims to train 700 African Doctor of Philosophy (PhDs) in artificial intelligence (AI) over the next decade. The…
Zimbabwe Devalues Gold-Backed Currency by 44%
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The Reserve Bank of Zimbabwe (RBZ) has devalued the Zimbabwe Gold (Zig) by 44%, causing the currency to plummet from 13.98 to…
US License Expiration Imperils Russia-China Trade in Chinese Yuan
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A U.S. license allowing transactions with key players in Russia’s financial system expires on Oct. 12. This could make it harder and…
Zimbabwe’s Central Bank to Shield Gold-Backed Currency From Market Volatility
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Zimbabwe’s central bank governor, John Mushayavanhu, has stated that the bank might use its foreign currency reserves to protect the Zimbabwe Gold…
Crypto.com Gets Bahrain License, Amber Group Approved in Dubai
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Crypto.com has secured a payment service provider (PSP) license from the Central Bank of Bahrain (CBB). This license allows the crypto exchange…