Africa Embraces Digital Currency: Driving Intracontinental Trade Growth

Across Africa’s diverse nations, a dynamic digital financial revolution is unfolding, fundamentally reshaping how people transact, save, and invest. Electronic currencies, such as mobile money, cryptocurrencies, and central bank digital currencies (CBDCs), are driving unprecedented change in a region historically reliant on cash. 54 countries across the continent stand testament to this transformative journey, emerging as global leaders in digital currency adoption. This shift is addressing challenges like financial exclusion, high remittance costs, and economic volatility.