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Africa

South Africa issues 63 new VASP licenses, launches probe into 30 unlicensed firms
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17 July, 2024

South Africa issues 63 new VASP licenses, launches probe into 30 unlicensed firms

The FSCA has now licensed 138 VASPs from an initial 383 applications, and the FATF has warned that 97% of...
META region’s AI spending may climb to $7B by 2026: report
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15 July, 2024

META region’s AI spending may climb to $7B by 2026: report

Data released by the IDC shows that the projected AI spending of up to $7 billion would be driven by...
Zambia working with EU on AI strategy
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7 July, 2024

Zambia working with EU on AI strategy

Zambia’s government is also working with the Tony Blair Institute on the strategy, while also reviewing its cyber laws to...
Africa can use blockchain, AI to curb illicit finance: Nigeria’s anti-graft chief
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5 July, 2024

Africa can use blockchain, AI to curb illicit finance: Nigeria’s anti-graft chief

The EFCC chair noted that Africa loses $89 billion annually to illicit finance and that AI, data analytics, and blockchain...
What can Africa learn from the EU’s MiCA framework?
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3 July, 2024

What can Africa learn from the EU’s MiCA framework?

Some experts say Africa should formulate its own MiCA-like framework for the digital currency sector, but its implementation might be...
Rwanda pushes for safe and responsible AI development
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2 July, 2024

Rwanda pushes for safe and responsible AI development

Rwanda’s ICT Ministry has developed a national AI policy and opened an AI office that guides local firms and interprets...
DLT importance shoots up in 2024, but public blockchains’ market share dips: report
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25 June, 2024

DLT importance shoots up in 2024, but public blockchains’ market share dips: report

The report by ISSA revealed that the strategic importance of distributed ledger technology has increased by 9% in 2024, with...
African ministers adopts landmark AI strategy to drive digitalization
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22 June, 2024

African ministers adopts landmark AI strategy to drive digitalization

Africa's Continental AI Strategy explores the potential use cases for AI in areas like education, skills acquisition, agriculture, manufacturing, and...
Ethiopia to establish CBDC framework following new banking reforms approval
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21 June, 2024

Ethiopia to establish CBDC framework following new banking reforms approval

The Banking Business Proclamation and the NBE Proclamation will be presented before the House of Peoples' Representatives for final approval...
Morocco to use AI in courts
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18 June, 2024

Morocco to use AI in courts

Moroccan courts will use artificial intelligence to transcribe judges’ verdicts—a departure from manual writing—and conduct research into archived legal texts.
Intel, African Development Bank to train millions in AI
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15 June, 2024

Intel, African Development Bank to train millions in AI

Intel has joined hands with the AfDB to train three million Africans and 30,000 government officials in AI, as the...
BTC miner Marathon Digital partners with Kenya to monetize unutilized energy
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31 May, 2024

BTC miner Marathon Digital partners with Kenya to monetize unutilized energy

Marathon Digital pledged to invest $80 million in Kenya to develop tech projects, including green data centers, with the government...