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Africa

Africa: Nigeria Intensify Efforts to Deepen Monetary Cooperation, Financial Integration Across Africa

eriinfo.com5 months ago010 mins

Nigeria has stepped up efforts to host the African Union (AU) African Monetary Institute (AMI), signalling a renewed push toward deeper monetary cooperation and financial integration across the continent, as preparations intensify for the institute’s planned take-off in September 2026. The renewed commitment was reinforced on the sidelines of the ongoing IMF/World Bank Spring Meetings…

China may embrace stablecoins in major monetary pivot

eriinfo.com1 year ago09 mins

China is considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency globally, sources familiar with the matter said, in a major reversal of its stance towards digital assets. The state council — China’s cabinet — will review and possibly approve a road map later this month…