Central African Republic
Central African Republic eyes legal framework for crypto adoption
A 15-member committee is tasked with working on a legal framework that will allow cryptocurrencies to operate in Central African Republic and expedite the development of the national economy. News Own this piece of history Collect this article as an NFT Central African Republic (CAR), a developing country in Central Africa, set up a 15-member committee responsible for drafting a bill on the use of cryptocurrencies and tokenization in the region. According to Faustin-Archange Touadéra, the president of CAR, cryptocurrencies can potentially help eradicate the country’s financial barriers. He believed in creating a business-friendly environment supported by a legal framework for cryptocurrency usage. A rough translation of the official press release reads: “With access to cryptocurrencies, th...
Crypto can get weird: The 5 strangest stories of the industry in 2022
From Terra to FTX, 2022 has given us many weird crypto stories. While investors have been enduring a bear market that saw the crypto industry sink below the $1 trillion market capitalization mark, adoption in the space has been growing, and old mysteries were finally solved. From the incredible short squeeze of a bankrupt company’s token to old anti-crypto arguments used by a major central bank, we’re getting weird with five stories the best fiction writers couldn’t dream up. “Comedic rapper” charged over Bitfinex hack Back in 2016, popular cryptocurrency exchange Bitfinex suffered a major security breach that saw attackers steal 119,756 Bitcoin (BTC), worth approximately $72 million at the time. It was one of the largest crypto hacks in history, and although Bitfinex continued operating, ...
Sango crypto hub goes live in the Central African Republic
The Central African Republic (CAR) has launched its new government-backed Sango crypto hub initiative to foster the development of the local digital asset sector. The Sango project follows the CAR’s adoption of Bitcoin (BTC) as legal tender in April. The initiative aims to attract businesses and global crypto talent/enthusiasts, ramp up local BTC adoption and oversee the rollout of crypto regulatory frameworks and infrastructure. A metaverse platform dubbed The Crypto Island and Sango Coin is also in the works. Speaking at the launch event on Sunday, President Faustin-Archange Touadéra outlined the vision for Sango is to have a “common cryptocurrency and an integrated capital market that could stimulate commerce and sustain growth.” One of the key points President Touadéra emphasized was f...
World Bank won’t support Central African Republic’s Sango crypto hub
The World Bank has signalled its concerns over the Central African Republic (CAR) adopting Bitcoin (BTC) as a legal currency and says it won’t support the newly announced “Sango” crypto hub. At the end of April CAR president Faustin-Archange Touadéra established a regulatory framework for cryptocurrency in the country and adopted Bitcoin as a legal tender. On May 24 he announced a plan to launch the country’s first crypto hub called “Sango”. Sango is described as the country’s first “Crypto Initiative” — a legal hub for crypto related businesses encompassing economic policies including no corporate or income tax and thecreation of a virtual and physical “Crypto Island.” An official document outlining the Sango project states that the country “received approval for a $35 million development...
Chad accuses CAR of killing six of its soldiers
The Chad government on Monday accused the Central African Republic (CAR) of killing six of its soldiers in an attack on an outpost in the south of the country. “The Central African armed forces attacked the outpost of Sourou in Chad on Sunday morning … killed a Chad soldier, injured five and kidnapped five others who were then executed in Mbang on the Central African Republic side,” Chad’s Foreign Minister Cherif Mahamat Zene said in a statement. The CAR regularly accuses its northern neighbour of supporting armed rebel groups from inside Chad. The identity of the alleged CAR rebels is yet to be confirmed but a senior Chad security official told AFP news agency, speaking on condition of anonymity, that the rebels were members of Unity for Peace in Central Africa (UPC). The UPC is one of CA...
DR Congo’s president becomes African Union chairman
The DRC’s President Félix Tshisekedi has now taken over the helm of the African Union to serve as the chairman for one-year. He replaces his South African counterpart Cyril Ramaphosa, following the AU’s 34th summit on Saturday. But Tshisekedi faces big challenges this year with the coronavirus pandemic hitting health service and economies hard. The continent has so far been hit less hard than other regions, recording 3.5 percent of global virus cases and 4 percent of global deaths, according to the Africa Centres for Disease Control and Prevention (Africa CDC). But many African countries are battling damaging second waves while straining to procure sufficient vaccine doses. African leaders are speaking out against hoarding by rich countries at the expense of poorer ones. “There is a vaccin...
WHO: World records 207,500 measles deaths in 2019, amid increases in cases to 869,770
Global measles deaths increased by 50 per cent from 2016 to 2019, claiming over 207,500 lives in 2019, WHO said in a statement issued from its headquarters on Thursday in Geneva citing figures from a joint report it published with the US Centre for Disease Control (CDC). The post WHO: World records 207,500 measles deaths in 2019, amid increases in cases to 869,770 appeared first on TODAY. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
FAO: Nigeria, Burkina Faso, others risk famine
A new report by two United Nations agencies warned Friday of a heightened risk of famine in three conflict-torn African states and Yemen, and a high hunger risk in 16 more. The Food and Agriculture Organisation and World Food Programme warned that a “toxic combination of conflict, economic decline, climate extremes and the Covid-19 pandemic … is driving people further into the emergency phase of food insecurity”. The agencies swung the spotlight on Burkina Faso, Nigeria, South Sudan and Yemen, all facing rising levels of acute hunger with potential risk of famine. Issuing “a stark warning” in their Early Warning Analysis of Acute Food Insecurity Hotspots, the agencies said the four countries have areas that could soon slip into famine. Some parts of the population “are already experiencing...
AFCONQ: Kaizer Chiefs confirm Daniel Akpeyi’s Super Eagles call-up
South African giants, Kaizer Chiefs, has confirmed that goalkeeper, Daniel Akpeyi, has received a call up for Super Eagles’ 2022 Africa Cup of Nations double-header against Sierra Leone in November. The Eagles are billed to face the Leone Stars in a Group L fixture at the newly refurbished Samuel Ogbemudia stadium in Benin on November 13 before playing the return leg four days later in Freetown. Akpeyi manned the posts in the Eagles opening two games of the qualifiers against Benin and Lesotho in November 2019, but missed out of the team’s international friendly games against African champions Algeria and Tunisia earlier this month in Austria. Amakhosi confirmed Akpeyi’s invitation on their website, “Chiefs will be well represented on the international front next month during the internati...
Andrey Arshavin: Moses is a strong character for Russian championship
Former Russian attacking midfielder Andrey Arshavin says Victor Moses’ arrival has strengthened Spartak Moscow and expects him to help the club this season. Moses scored his first goal in Russian football as Spartak Moscow thrashed their hosts Krasnodar 3 – 0 last weekend. The former Nigerian international was also involved in the Moscow derby against CSKA eight days ago. Speaking on the impact of Moses on Spartak Moscow since his arrival, Arshavin who also played for the club during his days, said Moses is a strong character for the Russian championship and has improved the team. “I think it was clear that this is a strong footballer for our championship. Moses has strengthened the necessary position for Spartak.” Andrey Arshavin said “I remember how he played for Wigan against us. He pla...
Plateau United coach seeks financial support to achieve Champions League Semi final target
Plateau United coach Abdu Maikaba has stated that they need the required support to meet the target of semi-finals of the 2020/2021 CAF Champions League. The former Akwa United coach admitted the 2017 NPFL champions will require even more backing and hard work to realize their last-four ambition in the competition – a feat which was last achieved by a Nigerian club – Sunshine Stars in 2012. “They (Plateau State Government) gave us enough support, but actually, we have to work very hard to achieve that target,” he said. “Getting to the semi-finals (of the CAF Champions League) is not an easy task, and we have to work very, very hard. We have to be given all the necessary support to get there. “In terms of personnel, like the replacement of players, I have to get the support to make the repl...
Madagascar records first death from coronavirus
Madagascar has registered its first coronavirus death, two months after its index case, the national COVID-19 taskforce said on Sunday, according to news site Reuters. The taskforce spokeswoman, Hanta Vololontiana, was quoted by Reuters to have said in a televised statement that the man had died on Saturday night. “A man died from COVID-19 in Madagascar … he is 57 years old and a member of the medical staff,” she said. The first casualty of the island on the east coast of Africa was said to be a 57-year-old medical worker who suffered from diabetes and high blood pressure. Newsmen had about a fortnight ago did a rundown of countries with a clean death slate. This included Vietnam, Rwanda, Faroe Islands, Madagascar, Cambodia, Nepal, Uganda, Central African Republic, and Mozambique, accordin...
