Btc

Bitcoin Poised to Stay Above $100K, Analysts Predict Stability Amid Market Fluctuations

December 22, 2024 – In the ever-volatile world of cryptocurrencies, Bitcoin continues to assert its dominance and resilience. According to leading financial analysts, Bitcoin is expected to maintain its value above the $100,000 mark in the foreseeable future, despite recent market fluctuations and economic uncertainties. A Steady Climb: Bitcoin’s Resilience in the Market Bitcoin, the…

Read More
Sandbox

Bank of Tanzania Launches Fintech Regulatory Sandbox to Boost Innovation

The Bank of Tanzania (BoT) has announced the launch of its much-anticipated Fintech Regulatory Sandbox. Applications for participation in this initiative will open from January 2 to January 22, 2025, marking a significant milestone in the country’s efforts to enhance financial inclusion and technological advancement. The Fintech Regulatory Sandbox provides a controlled environment where financial…

Read More
Chama Pulling Together

Chamas in Kenya: Driving Grassroots Economic Empowerment

A chama, derived from the Kiswahili word for “group,” is a self-help initiative that operates on the principles of collective saving and investment. These informal cooperatives have become a powerful financial tool, empowering individuals and communities across Kenya. With origins tracing back to the 1960s, chamas have evolved significantly, transitioning from simple savings groups into…

Read More
Chama

The Chama Revolution: Kenyan Banks Targeting Investment Clubs

In Kenya’s vibrant financial ecosystem, chamas, or informal investment clubs, have emerged as powerful tools for wealth creation. These groups, traditionally formed by friends, families, or colleagues, pool resources for collective investment. While chamas started as simple savings initiatives, their growing influence has now captured the attention of major banks and financial institutions. From Informal…

Read More
Zanzibar Block Chain

BIT Mining Invests $14.3M in Ethiopia to Expand Bitcoin Mining Operations

BIT Mining, a technology-driven cryptocurrency mining company, announced plans to acquire a substantial mining operation in Ethiopia. The deal, worth $14.3 million, involves the purchase of 51 megawatts (MW) of Bitcoin mining capacity and 17,869 mining machines. This strategic investment comes at a time when BIT Mining is navigating declining revenue and shifting its focus…

Read More