Africa: Coups and Crises Shake African Democracy

Africa: Coups and Crises Shake African Democracy

Junta leader Ibrahim Traore’s call for Burkina Faso to “forget” democracy signaled a political shift across the continent. Ibrahim Traore, who seized power in the 2022 coup in Burkina Faso, recently told the Burkinabe people to “forget” about democracy. “If an African wants to tell you about democracy, you should run away,” he said on…

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Fintechs and crypto shake Africa’s banking foundations

Fintechs and crypto shake Africa’s banking foundations

Rapid changes in the payments landscape across Africa are challenging traditional banks, which are being forced to adapt quickly to new modes of facilitating transactions such as mobile money and cryptocurrencies. This is according to the Standard Bank Corporate and Investment Banking (CIB) Payments in Africa white paper released last week, which found that increased…

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