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Africa

Africa’s Stablecoin Users Pay World’s Highest Conversion Fees, Report Finds

Stablecoin conversion costs are highest globally in Africa, according to new data. Users face spreads ranging from 152 to 1,944 basis points when exchanging...

South Africa’s 50% car tariffs on China, India expose BRICS rifts members vie for US deals

Recently, South Africa said it may impose 50% tariffs on cars imported from China and India. The move aims to protect domestic auto manufacturing...

Stablecoins surge in Africa, cutting remittance costs and becoming more important than aid

Vera Songwe said stablecoins are increasingly used across Africa as a cheaper, faster remittance option while speaking in Davos on Thursday at a World...

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