With the launch of Sango Coin, the CAR has taken a further step in implementing a crypto-based financial system, but there is little chance the president’s drive to introduce virtual currencies will benefit the population.
Universal Music Group (UMG) has launched a Virgin Music division in Africa, which it says will give a platform to independent artists across the continent.
The acquisition will expand MFS's ability to offer payment cards that will connect to customer mobile money accounts, allowing African users to transact more easily with global merchants.
Chinese and other foreign firms in the resource extraction sector are largely viewed negatively by young Africans, but other forms of soft power are welcomed.
Investment in Cameroon’s telecoms sector fell by 78% between 2016 and 2019, necessitating new government plans to grow the national fibre backbone and increase internet penetration.
