Africa

Board urges Bank of Central African States to introduce common digital currency: Report

The Bank of Central African States, or Banque des États de l’Afrique, which serves Cameroon, the Central African Republic, Chad, Equatorial Guinea, Gabon, and the Republic of the Congo, could be closer to releasing a central bank digital currency reportedly at the urging of its board. According to a Friday report from Bloomberg, the board sent an email calling for the regional bank to introduce a digital currency in an effort to modernize payment structures and promote regional financial inclusion. The Central African Republic, or CAR, passed legislation adopting Bitcoin (BTC) as legal tender in the country in April, but has not recognized a central bank digital currency, or CBDC. Nigeria’s central bank was one of the first in the region to launch a CBDC called the eNaira in October ...

Bitcoin is for billions: Fedimint on scaling BTC in the global south

“Bitcoin is for billions, not billionaires,” a phrase first coined by investment researcher Lyn Alden, could soon become a reality, according to Fedimint.  The protocol that aims to scale Bitcoin (BTC) while making it more private, has been buoyed by a $4.2 million seed round for the Fedi application. Cointelegraph spoke to Obi Nwosu, co-founder and CEO of Fedi, about the “incredible group of inspiring people who we are working with to support their activities to increase the freedoms of some of the most oppressed regions of the world,” and why the mobile app Fedi could solve issues related to scaling, custody and privacy. Lyudmyla Kozlovska, head of the Open Dialogue Foundation — which focuses on supporting people in post-soviet Europe — Farida Bemba Nabourema, a Togolese human right...

Gorilla trekking tips: what to know before you go

These essential gorilla trekking tips will help you get the most out of this extraordinary wildlife experience Found nowhere else in the wild on Earth and once on the verge of extinction, the mountain gorilla – a subspecies of the eastern gorilla – has seen a spectacular revival. A series of conservation measures involving local communities has led to one of Africa’s greatest conservation success stories. Though still classified as endangered, today there are more than 1,000 mountain gorillas roaming the jungles of Uganda, Rwanda and DR Congo, up from around 480 in 2010. Just over half reside in the Virunga Mountains, the range of eight extinct volcanoes spanning the borders of southern Uganda, Rwanda and DR Congo. The rest can be found in Uganda’s epically named Bwindi...

Poorest countries in the world – ranked

African nations dominate the ranking of the poorest countries in the world based on the latest data from the World Bank We all have preconceptions about places. Take Ethiopia for example. As children of the eighties, Kia and I were only too aware of the struggles Ethiopia has faced historically: political unrest, civil war and, of course, famine. It was easy then to imagine a vast desolate dust bowl ahead of our visit in 2017.  Ethiopia is perceived by many as a representation of wider Africa: still developing, still struggling. In reality, it is a land of lush mountains, dazzling architecture and jaw-dropping natural wonders. There is poverty, but there is also hope. Our visit prompted us to ask if Ethiopia still ranked as one of the poorest countries in the world. Data from the Worl...

Uganda’s gold discovery: What it could mean for crypto

These are fraught times for the cryptocurrency and blockchain sector, so it isn’t surprising that industry proponents might seize upon any promising news to help charge flagging markets. A Reuters report out of Uganda last week about a massive gold ore discovery supplied just this kind of fuel. What does the state of gold mining in Africa have to do with the price of global Bitcoin (BTC)? Quite a bit, potentially. Bitcoin has periodically laid claim to being digital gold largely on the strength of its strict 21 million supply limit, which makes it non-inflationary and a good store of value — in theory. Gold, of course, is the store of value par excellence, with a limited supply and a solid track record that goes back millennia. But, if Uganda is sitting on 31 million metric tons of gold or...

Non-technical mountain climbs: 13 trekking peaks

There are no ‘death zones’ on these non-technical mountain climbs but they offer plenty of challenges for mere mortals like me As a climber, I have completed several indoor climbing and winter mountaineering courses but my technical climbing skills still leave a lot to be desired. I have mastered basic rope, ice axe and crampon skills but don’t practise them as often as I’d like. All too often I only find time for some wilderness backpacking in Europe or low-altitude scrambling in the UK. Regardless, I still have high hopes of climbing the seven summits (three down, four to go). I’m aware that I’ll never be a Reinhold Messner or Chris Bonington (I’ll settle for reading their books instead) but I still long to pitch myself against tall mountains with imposing names....

Blockchain tech offers multiple paths to financial inclusion for unbanked

Financial inclusion, accessible services and the unbanked are standard talking points in many conversations about crypto. But, the details may remain somewhat fuzzy — the people who talk about crypto are generally those already inside the financial system. There are people who are actively working to increase financial inclusion and access to services for the vast number of people who are unbanked or underserved.  CBDC for the people Central bank digital currencies (CBDC) will serve different purposes in different places. In economies where individuals have moved away from high levels of cash usage, like those of the United States and the United Kingdom, there will be relatively little retail demand for CBDC, but there are places where cash is in short supply and CBDC can serve to inc...

The travel that changed me: Lottie Gross

From the biggest myth in travel writing to the dream destination she hasn’t yet seen, author Lottie Gross tells us about the travel that changed her Lottie Gross is a busy woman. A travel writer, author, public speaker and founder of popular newsletter Talking Travel Writing, she has a thoroughly daunting schedule – but this is hardly new. Before she even graduated, Lottie had written for National Geographic Traveller, produced a short film about the all-female village of Umoja in Kenya, and secured a coveted job at Rough Guides travel publisher. Lottie Gross Lottie Gross, author of Dog-Friendly Weekends Lottie has since written for The Times, The Sunday Times, The Telegraph, The Independent and the i among others. She has travelled to less-trodden countries like Ethiopia and Albania, and ...

Wildlife conservation efforts turn to NFT-funded initiatives

Digital twin nonfungible tokens, or NFTs, aren’t just reserved for consumer products anymore. Netherlands-based decentralized carbon credit exchange Coorest and conservation consulting firm PLCnetwork of the Southern Hemisphere teamed up to tokenize individual real-world endangered animals at game reserves and privately owned conservation areas in Africa. These wildlife NFTs enable holders to sponsor an elephant, lion, cheetah or rhino. Profits from the sales will go toward food, shelter and security for the animals they represent. Cointelegraph spoke to William ten Zijthoff, founder and chief executive officer of Coorest, to learn more about combining blockchain and sustainability with wildlife preservation. Coorest is best known for operating an NFTrees CO2 compensat...

Nexo and Amber Group executives claim ‘exponential’ growth in crypto institutional investment

During the 8th edition of the Blockchain Africa Conference 2022, Cointelegraph’s editor-in-chief Kristina Lucrezia Cornèr moderated a virtual panel titled “Cryptocurrency Institutional Investment: Increasing Returns and Improving Diversification.” Panelists Kalin Metodiev, co-founder and managing partner at Nexo, and Dimitrios Kavvathas, chief strategy officer at Amber Group, focused on the opportunities that institutional investors perceive in the blockchain and crypto space, both in Africa and globally. [embedded content] Nexo is a crypto borrowing and exchange platform that recently began offering crypto custodial services, products and lending services to institutional investors, in partnership with the crypto wing of Fidelity Investments, which is called Fidelit...

Training for Kilimanjaro: 7 tips for a successful summit

Completing some basic training for Kilimanjaro will make your climb easier, safer and ultimately more enjoyable I climbed Kilimanjaro, Africa’s highest peak, back in 2010. At 5,895m (19,340ft), it was my first high-altitude trek and even though I had some hillwalking behind me, I had no experience of trekking at altitude, wasn’t fit enough and didn’t have the right gear. In hindsight, I was fortunate to make the summit considering I was so underprepared. Fast forward 12 years and I’ve climbed four of the seven summits including Elbrus and Aconcagua, and completed several high-altitude treks including Everest base camp and K2 base camp. I have backpacks full of outdoor gear and am fitter now at 38 years old than I ever was in my twenties. Atlas & Boots Peter on the summit of Kilimanjaro...

2022 Dance/Electronic Grammy Preview: Black Coffee on His Historic Nomination & Why Dance Deserves ‘Better Exposure’ at the Awards

Editors note: In this series, Billboard Dance is speaking with each 2022 Grammy nominee from the dance/electronic categories ahead of the 64th Annual Grammy Awards on April 3, in Las Vegas, NV. Black Coffee was at home in Johannesburg, South Africa hanging out with his mother when he learned that his 2021 album Subconsciously was nominated for the best dance/electronic album Grammy. “It was a surreal moment,” the producer tells Billboard. Explore See latest videos, charts and news One could also say it was a long time coming. The artist born Nkosinathi Innocent Sizwe Maphumulo has been a fixture of the global electronic scene for nearly two decades and has long flown flags for both house music and the vibrant electronic scene of his native South Africa. His nomination marks the first time ...