Africa Emerging as Tech Hub with Focus on Developing ICT Sector

Information and Communication Technology (ICT) sector is fast catching up in the African continent with countries in the region committing themselves to development of digital technology, especially in the post COVID-19 era.
Australia, Malaysia, Singapore and South Africa launch cenbank digital currency scheme

Central banks in Australia, Singapore, Malaysia and South Africa will conduct a cross border payments trial using different central bank digital currencies (CBDC) to assess if this allows transactions to be settled more cheaply and easily, the banks said on Thursday.