Africa’s Debt Crisis Has ‘Catastrophic Implications’ for the World

After a new tax increase incited weeks of deadly riots in Kenya early this summer, President William Ruto announced that he was reversing course. He abandoned the finance law he had proposed, and then he shook up his cabinet. Last week, the government reversed itself again, the New York Times reported. The newly appointed finance minister announced that some of those discarded tax increases would be reintroduced.
Africa
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Nigeria’s SEC to Licence Crypto Exchanges as Adoption Surges

Nigeria’s top finance regulator plans to license providers of virtual assets including cryptocurrencies to tap opportunities and protect investors as adoption rates surge in the West African nation, Bloomberg News reported. The Abuja-based Securities and Exchange Commission is looking to issue its first licenses for digital service and tokenized assets this month, Director-General Emomotimi Agama said. “Being a crypto enthusiast and fintech enthusiast, I can tell you without doubt that this is going to happen sooner than you think,” Agama said in an interview on Bloomberg Television.
Nigeria
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