Thursday, July 3, 2025
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home Digital Currency

The Zimbabwean Central Bank is looking into creating its own digital currency instead of cryptocurrency

Tech Gist Africa by Tech Gist Africa
12/08/2021
in Digital Currency, News - South Africa, Regulation
0 0
0
Zimbabwe

Zimbabwe

0
SHARES
Share on FacebookShare on Twitter

According to the Central Bank of Zimbabwe Governor John Mangudya, the country’s central bank is examining the usage of a digital currency rather than enabling cryptocurrencies to be used as legal money.

“We don’t believe in cryptocurrencies as a central bank,” Mangudya stated. “We believe in central bank digital currency, which is essentially trying to figure out how to have an e-Zimbabwe dollar rather than cryptocurrencies.”

“We have a fintech group that is working quite hard,” Mangudya added. “The CBDC is being worked on by the majority of central banks around the world, and we are almost there.”

Mangudya also stated that the government had decided to pay civil officials annual bonuses in US dollars rather than the local currency since utilizing the Zimbabwean dollar would have exacerbated the currency’s recent decline.

Zimbabwe intends to send a team to Nigeria to learn from their experiences with the launch of Africa’s first digital currency in October.

 

Read more on Tech Gist Africa:

Nigeria launches eNaira, Africa’s first digital currency, after postponing the initial October 1 debut date

Tanzania central bank has stated that it is working on the president’s cryptocurrency action plan

South Africa plans to regulate cryptocurrency asset

Ghana is planning a digital currency pilot

ShareTweet
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

Related Posts

Zero Carbon Charge South Africa
Investments

Zero Carbon Charge, a South African startup secures US$5.6 Million investment

by Tech Gist Africa
06/15/2025
0

Zero Carbon Charge, a pioneering South African startup specializing in off-grid, solar-powered electric vehicle (EV) charging stations, has secured a...

Read more
Nile South Africa

Nile, a South African Agri-Tech Startup Secures $11.3 Million in a funding round

06/15/2025
AURA South Africa

AURA, a South African Emergency-Response Startup Raises US $15.1 Million Series B funding round

06/15/2025
Stitch Fintech South Africa

Stitch, a South African Fintech Startup Stitch Secures $55 Million in Series B Funding

04/17/2025
NOSIBLE South Africa

NOSIBLE, a South African AI Startup Secures $1 Million in Pre-Seed Funding

03/30/2025
Next Post
Donald Trump

Donald Trump's social media company have raised $1 billion in funding

African Blockchain Lab

African Blockchain Lab, a blockchain technology firm, has raised $6 million in Series Pre-A funding.

Pariti

Pariti, a Kenyan community marketplace, has received $2.85 million in seed funding

No Result
View All Result

The Big 5

Blockchain

The Role of Blockchain in Enhancing Africa’s Financial Systems and Security

by Tech Gist Africa
06/30/2025
0

...

Artificial Intelligence

How Artificial Intelligence is Transforming Industries Across Africa

by Tech Gist Africa
06/23/2025
0

...

Africa startups

Kenyan Startups Invited to Apply for €100,000 develoPPP Ventures Grant

by Tech Gist Africa
06/15/2025
0

...

Neuralink Elon Musk

Neuralink Secures $650 Million in Series E Funding to Advance Brain Implant Technology

by Tech Gist Africa
06/15/2025
0

...

Telegram Grok

Telegram Scores $300 Million xAI Deal to Integrate Grok Across One Billion Users

by Tech Gist Africa
06/15/2025
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.