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Many analysts expect a big bitcoin explosion in Africa in the coming years. There are already hints that bitcoin payments will become more common in Ethiopia and throughout Africa. This is because bitcoin is viewed as a reliable store of value, especially in nations where fiat currencies are volatile. The Ethiopian birr is a good example. Bitcoin in Ethiopia and Africa Many have said that cryptocurrencies have the ability to disrupt established financial institutions, and…

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While African economies continue to struggle, gambling earnings across the continent grew last year despite difficult conditions. Over the last five years, gross gambling revenues in South Africa have seen their second-largest yearly gain, with casinos accounting for the lion’s share of this development, with revenues growing 4.5 percent over the previous year. Gross gambling earnings in South Africa increased by R2.1 billion in 2014, according to official figures. Gross gambling revenues in South Africa,…

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