• Contact Us
  • About Us
  • Advertisement
  • Privacy & Policy
Thursday, July 3, 2025
SUBSCRIBE
The Brief | Namibia's Leading Business & Financial News
13 °c
Columbus
19 ° Tue
21 ° Wed
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
  • e-edition
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
  • e-edition
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
Subscribe
No Result
View All Result
TB image banner 750x140
Home Latest

Zambia explores digital currency, but warns against crypto

by editor
February 9, 2022
in Latest
47
A A
57
SHARES
952
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

You might also like

NamRA rules out extension to individual tax return deadline

Pupkewitz Megabuild reclaims Most Affordability in June

Know your winter vegetables and how to grow them

Zambia’s central bank expects to complete research on forming a digital currency that could cut transaction costs and boost participation in the formal financial system by the fourth quarter.

“The results of the research will form part of the input in the policy considerations on whether to introduce a central bank digital currency in Zambia,” Nkatya Kabwe, acting assistant director of communications at the regulator, said in response to emailed questions.

CBDCs, or so-called GovCoins, are national currency because they are linked to fiat currency, unlike their crypto counterparts such as Bitcoin and Ethereum. Cryptocurrencies are not legal tender in Zambia, the central bank said earlier this month and “people who want to deal in them should have a clear understanding of all the risks that come with such payment and investment instruments.”

The Bank of Zambia is researching GovCoins as they have the potential to expand financial inclusion, improve traceability, safety and efficiency of payment systems, Kabwe said.

Analysts at the Bank of America Corp have warned that central banks that don’t introduce their own digital money risk losing monetary control and seeing the demand for their currencies drop as their citizens start using another country’s digital cash.

Zambia joins nations such as Israel, Ghana, the Bahamas, Nigeria, China and the US that are toying with the idea or have issued a digital version of their currencies to keep up with technological advances that have spurred the rise of Bitcoin and other private initiatives.-moneyweb

author avatar
editor
See Full Bio
Tags: africa news
Share23Tweet14Share4
Previous Post

Google details investment plans for South Africa

Next Post

Capricorn Group expects 20% surge in half-year profit

Recommended For You

NamRA rules out extension to individual tax return deadline

by reporter
June 30, 2025
0
NamRA rules out extension to individual tax return deadline

The Namibia Revenue Agency (NamRA) maintains that 30 June remains the official deadline for submitting individual income tax returns, urging taxpayers to file without delay. Speaking on the...

Read moreDetails

Pupkewitz Megabuild reclaims Most Affordability in June

by reporter
June 22, 2025
0
Pupkewitz Megabuild reclaims Most Affordability in June

After a surprising shift in May, Pupkewitz Megabuild reclaimed its top spot as the most affordable hardware retailer in Windhoek in June 2025, after Build It had taken...

Read moreDetails

Know your winter vegetables and how to grow them

by editor
May 2, 2025
0
Know your winter vegetables and how to grow them

By Hanks Saisai Wintertime offers an opportune time for farmers to grow a variety of cool weather loving crops. Vegetables grown at the right time typically thrive and...

Read moreDetails

What Namibia can learn from Brand South Africa

by editor
April 22, 2025
0
What Namibia can learn from Brand South Africa

#image_title By Alvaro Mukoroli At the recent MTC Branding and Marketing Indaba, Sithembile Ntombela from Brand South Africa delivered a powerful presentation on nation branding—sharing how the initiative...

Read moreDetails

Pupkewitz Megabuild leads April 2025 affordability

by editor
April 20, 2025
0
Pupkewitz Megabuild leads April 2025 affordability

April 2025's hardware price survey reveals significant shifts in pricing across Windhoek’s leading hardware retailers. Pupkewitz Megabuild continues to offer the most affordable prices, maintaining its position as...

Read moreDetails
Next Post
Capricorn Group expects 20% surge in half-year profit

Capricorn Group expects 20% surge in half-year profit

Related News

NamRA clamps on multimillion-dollar import tax fraud

NamRA clamps on multimillion-dollar import tax fraud

February 16, 2023
Africa’s free trade area offers promise for cities

Africa’s free trade area offers promise for cities

August 1, 2022
Andrada raises N$181 million, completes sampling plant

Andrada raises N$181 million, completes sampling plant

July 18, 2023

Browse by Category

  • Africa
  • Agriculture
  • Analysis
  • Business & Economy
  • Columnists
  • Companies
  • Finance
  • Finance
  • Fisheries
  • Green Hydrogen
  • Health
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • Namibia
  • namibia
  • News
  • Opinions
  • Property
  • Retail
  • Technology
  • Tourism
  • Trade
The Brief | Namibia's Leading Business & Financial News

The Brief is Namibia's leading daily business, finance and economic news publication.

CATEGORIES

  • Business & Economy
  • Companies
    • Agriculture
    • Finance
    • Fisheries
    • Health
    • Property
    • Retail
    • Technology
    • Tourism
    • Trade
  • Finance
  • Green Hydrogen
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • namibia
  • News
    • Africa
    • Namibia
  • Opinions
    • Analysis
    • Columnists

CONTACT US

Cell: +264814612969

Email: newsdesk@thebrief.com.na

© 2025 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

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

Add New Playlist

No Result
View All Result
  • Home
  • Companies
  • Mining & Energy
  • Business & Economy
  • Opinions
    • Analysis
    • Columnists
  • Africa

© 2025 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

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