This blog is part of a series documenting our program’s journey to accelerate the development of inclusive payments systems for universal access to financial services in Africa. #IAmAfricaNenda

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The Rise and Stall of CBDCs and Cryptocurrencies in Africa: What's Next?

29 March 2023
Zachary Kazzaz, Digital Financial Services Advisor, AfricaNenda

Coming out of last year’s SIIPS, there seemed to be demonstrative progress across Africa toward central bank digital currencies (CBDCs). eNaira was reaching tens of thousands of transactions, and the e-Cedi was on its way to a full launch. However, 2023 has created new headwinds for CBDCs and their cousins, crypto-currency.

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