Data-driven notes on African economies, societies, cultures, and overall outlook of the continent

Tag: Africa

bitcoin

The Benefits of Bitcoin for developing economies

On September 7th 2021, El Salvador became the first country in the world to adopt Bitcoin as legal tender. This ushered a new age with many developing countries considering similar routes. This shift in public policy stems from a need for reduced international transfer fees and an increase in economic autonomy for developing countries. This approach also comes with certain risks that the people of the countries should be educated about. We will be discussing those risks in another article.

Youth Unemployment in Africa

In most African countries, young people continue to be the bulk of the population. Incidentally, many African countries are the most affected by youth unemployment. Africa has the youngest population in the world and these young adults are among the most vulnerable. Each African country follows different trajectories. Economic structures, level of institutional and political stability, and youth development policies affect social and economic growth.

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