On 28 June, a major event was organised by CLINQ GOLD at the prestigious Al Habtoor Polo Resort in Dubai, bringing together governors and ministers from more than ten African countries and the United Arab Emirates. The aim was to present the GB-CBDC, a new central bank digital currency backed by gold.
Faced with record unemployment of 32.8%, the South African government, supported by its partners, has launched a $53 million fund to stimulate technological entrepreneurship within universities. This initiative follows on from the TIMBUKTOO initiative presented at DAVOS, aimed at countering the effects of business relocation and productivity challenges.
In recent years, the European banking sector has gradually reduced its presence in Africa, faced with significant financial losses. The 2010 crisis and the tightening of prudential rules have exacerbated this trend.