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 where many countries with developing economies are considering the same, or similar routes. The reasons for this shift in public policy range from reduced international transfer fees to increased economic autonomy. That being said, this approach also comes with certain risks that the people of the countries adopting digital currencies 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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