Africa
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Yuan Gains in Africa as $400 Billion Trade Shifts From Dollar
The Chinese yuan is gaining significant ground in African trade settlements, challenging the US dollar's historical dominance.Trade between China and Africa is nearing $400...
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China’s Yuan Surge: Africa, BRICS Erode Dollar Dominance Now
Standard Bank enabled direct yuan settlements with China in June 2025, cutting settlement times from days to seven seconds and lowering costs by 98%.CIPS...
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South Africa Signs MoU with BRICS NDB to Boost Infrastructure Funding
South Africa signed a significant MoU with the BRICS New Development Bank at the G20 Leaders’ Summit in Johannesburg to boost infrastructure financing.The NDB...
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Africa Leads Green Bitcoin Mining Revolution Amid Hashrate Challenges
Africa is leading Bitcoin mining growth in 2025, using it to address energy and infrastructure challenges.Africa's share of global Bitcoin mining hashrate is nearly...
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India, South Africa Lead BRICS Gold Reserves Growth Oct 2025
India's Gold reserves reached approximately $102.4 billion by early October 2025, mainly due to price increases rather than new purchases.
South Africa increased its combined...
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Africa Gains Global Leverage as BRICS Launches Precious Metals Exchange
The BRICS trading system launched a new precious metals exchange in October 2025, enabling trade in Gold, platinum, and rare earth minerals without using...
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Ripple, Absa Bank Partner to Offer Digital Asset Custody in Africa
Ripple partners with South African bank Absa to offer digital asset custody services to customers.Absa is the first major African bank to work with...
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Ripple, Absa Bank Launch Major Crypto Custody Partnership in Africa
Ripple is expanding its digital asset custody services to Africa through a partnership with Absa Bank in South Africa.Absa Bank becomes Ripple’s first major...
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Musk says SpaceX IPO lets public invest as shares face third weekly decline
Elon Musk praised Tesla retail investors as insightful and long-term oriented during a challenging week for the stock.RBC Capital...
BitMEX delists 65 trading pairs in July amid shutdown
Bitmex delisted 65 derivative contracts and trading pairs in July, a sharp increase from just 19 in the prior...
Black Forest Labs launches FLUX 3, its first video AI with synced audio
Black Forest Labs released FLUX 3, its first multimodal model generating video up to 20 seconds with synced audio.The...
