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  • The cryptocurrency market rebounded late Sunday from Friday’s sell-off which saw the cryptocurrency market capitalization lose 8.78%, from trading 2.62 trillion in the early hours of the day to as low as 2.39 trillion.

    The market capitalization, as of the time of this writing, currently stands at $2.57 trillion, a 7.5% recovery from F…Read More

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  • Florens Luoga, the governor of the Bank of Tanzania, said the apex bank has kickstarted preparations for a central bank digital currency. He said the bank was doing this to ensure Tanzania is not left behind as other countries adopt digital currencies.
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  • The CEO of cryptocurrency exchange Binance says that he and Berkshire Hathaway CEO Warren Buffett share a similar investment strategy. However, he said he would not convince the Oracle of Omaha to invest in cryptocurrency. “I get worried if he uses crypto. He may not have the necessary skills or the knowledge on how to keep his own crypto s…Read More
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  • Ride-hailing platform, Bolt has partnered with Metro Africa Express (MAX) – the largest vehicle subscription platform in Africa – to expand the Bolt vehicle financing program in Nigeria. This scheme is part of Bolt’s commitment to enabling ride-hailing drivers to own vehicles with low equity repayment, support, and improved earnings for drive…Read More
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  • Uganda is set to lose its only international airport to China due to a $207 million loan it took in 2015.

    China has refused to renegotiate the terms of the loan deal, which states that China will take over the airport if the debt isn’t paid.

    Uganda will also lose other assets.

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