Tag: Africanews
Adoption of bitcoin in CAR raises suspicions | Africanews
“What is it?” asks Sylvain, in his 30s, in the queue. Bangui has surprised everyone by the incongruity of legislation allowing the use of digital currency in a state at war and almost bankrupt, which cannot feed its population without international humanitarian aid, nor pay all its civil servants without foreign donors. …Read the full […]
Central African Republic adopts bitcoin as legal tender | Africanews
“The context, with systemic corruption and a Russian partner under international sanctions, gives rise to suspicion,” said Thierry Vircoulon, a specialist in Central Africa at the French Institute of International Relations . “The purpose of this law is to govern all transactions related to cryptocurrencies in the Central African Republic, without restriction carried out by […]
Angola sets its sights on the global coffee market | Africanews
This was interrupted by civil war, but now after nearly 20 years of peace, Angola is bouncing back and two Angolan companies are expanding into the global market once again. Camila Paula, the commercial director at Café Cazengo, explains that in colonial times coffee was what moved Angola’s economy and Quiculungo was really built around […]
Somaliland market fire: UN team dispatched to back needs assessment | Africanews
More than a week after a fire ravaged the Waheen market, in central Hargeisa, the United Nations deployed an inter-agency team to work with the government. I used to feed my elderly parents, my children, as well as my daughters’ children – in total, ten people’s livelihoods depended on my business. The team comprises experts […]
Somaliland demands $2 billion appeal after market inferno | Africanews
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Somaliland market fire losses between 1.5 billion-$2 billion (preliminary report) | Africanews
The disaster has united Somalis, with President Mohamed Abdullahi Mohamed of Somalia reaching out to Somaliland leader Muse Bihi Abdi in a rare phone call between the two. Despite lacking international recognition, Somaliland has maintained its own independent government, currency and security system. …Read the full story
Huge fire destroys market in Somaliland capital | Africanews
A giant fire broke out in the main market of the city of Hargeisa, the capital of Somaliland. Hargeisa’s mayor said firefightyers had done their best to contain the fire but struggled to gain access to the market because of the narrow pathways. We saw the fire as we were busy in working, then we […]