AfricanEconomies

Nigeria Moves to Regulate Cryptocurrency with New Tax Framework

1 month ago

Nigeria is preparing to amend its regulations surrounding digital assets as it seeks to establish a tax framework specifically for cryptocurrency transactions. This significant development signals the government’s intent to control and derive revenue from the burgeoning digital asset market, which has seen an explosive growth in recent years amidst global interest in cryptocurrencies.

Zambia Recovers $80 Million After Mistaken Debt Payment to China

4 months ago

Zambia is taking significant steps to rectify a substantial financial error that has recently come to light involving an $80 million payment mistakenly made to one of its primary lenders, China. The Zambian government has been actively engaged in discussions with Chinese authorities to recover this unexpected outflow of funds, which was the result of a miscalculation concerning the outstanding debts owed by the nation.