Category: African Business
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Japan’s Big 3 Banks Embrace Stablecoins for Cross-Border Payments: A Boom for the Pan-African Community
Japan’s top three banks—MUFG, Mizuho, and SMBC—are embarking on a revolutionary path to modernize global financial transactions by incorporating stablecoins for cross-border payments. This initiative aims to streamline international remittances, reduce costs, and speed up transactions, which can greatly benefit regions like Africa, where cross-border payments and remittances play a critical economic role. The Role…
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Egyptian archaeologist calls on Berlin to return Nefertiti bust
Prominent Egyptian archaeologist and former antiquities minister Zahi Hawass has launched a petition for the return to Egypt of the pharaonic bust of Queen Nefertiti from the Neues Museum in Berlin. Nefertiti’s famous painted limestone bust was uncovered at Tell el-Amarna, around 300 km (185 miles) south of Cairo, in 1912 by a German archaeological…
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Algeria declares President Tebboune election winner with 95% of vote
Algerian authorities declared President Abdulmadjid Tebboune the overwhelming winner of Saturday’s election on Sunday, but a rival candidate alleged irregularities in the count and fewer than half of registered voters cast ballots. Official preliminary results gave Tebboune 95% of the vote, enough to avoid a second round run-off, with Abdelaali Hassani Cherif getting 3% and…
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Tanzania experiences a 41% increase in meat exports while the leather sector sees a decline, media says
The country’s meat exports in 2023 amounted to 14,701 tonnes worth of $86.3 million, which is over 4,200 tonnes more in comparison with 2022, according to Tanzania’s 2023 State of the Economy report. “The increase in meat exports was due to improved businessand investment environments as well as strengthened meatmarkets in countries such as Hong…
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Agile Energy X: Leveraging Solar Power for $2.5 Billion in Bitcoin Mining Annually
Japan-based company Agile Energy X is making waves in the cryptocurrency world with its ambitious plan to utilize solar power for Bitcoin mining. The company aims to generate up to $2.5 billion annually through this innovative approach, combining the renewable energy sector with blockchain technology. With the rise of environmental concerns surrounding Bitcoin mining, Agile…
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Skyscanner integrates with Travala, enabling hotel bookings in over 100 cryptocurrencies.
The integration on Skyscanner makes Travala discoverable alongside leading travel agencies such as Expedia and BookingDotCom. Market Overview: BTC : $56752ETH : $2393.35BNB : $505.65SOL : $133.33 Dominance : BTC : 53.73 %ETH : 13.82 %Stables : 7.36 % Market Cap : Total : 2.08TDeFi : 63.84B24hr Vol : 79.82B
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The Democratic Republic of the Congo (DRC) is considering taking legal action against US tech company Apple over using “illegally exploited” minerals by the enterprise
In April, lawyers in Paris representing the DRC stated that Apple had bought essential minerals that were unlawfully transported from the DRC to Rwanda, where they were illegally processed and then incorporated into “the global supply chain.” Lawyer William Bourdon commented on Thursday that Apple had issued a brief response following a formal notice, which…
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Opportunity to Support the Pan African Email News Blog
If you are looking to create a free Revolut account: 1. Do it via this link.2. Follow the steps in the image. Once you complete all the requirements, message us on Telegram @cybersecadmin. To express our graditude, we will send you a unique cybersecurity-related gift. Enjoy your Revolut account, and thank you for the support!…
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Paris to name sports venue after dead Ugandan Olympian Cheptegei
The French capital will pay tribute to Ugandan Olympian Rebecca Cheptegei, who was set on fire by her boyfriend, by naming a sports facility in her honour, Paris Mayor Anne Hidalgo announced on Friday. The marathon runner, who competed in the Paris Games last month died on Thursday, four days after she was doused in…
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Libya: A Dispute for Africa’s Largest Foreign-exchange Reserves
Amid the chaos of Libya’s long-sputtering civil war, the central bank in Tripoli, the capital, has stood strong. Its red-and-white striped façade, crowned with two turquoise cupolas, a throwback to the days of Italian colonisation, were unscathed. Sadiq al-Kabir, the bank’s governor appointed after Muammar Qaddafi was toppled in 2011, survived two civil wars and…
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