Bitcoin’s African outpost raises several red flags 2 May 2022 War-torn Central African Republic is following El Salvador in adopting the crypto unit as legal tender. The surprise of the region’s central bank and Bangui’s use of sanctioned Russian mercenaries are warning signs. Bitcoin’s quest for mainstream acceptance just got harder.
Fed might fret about emerging market "spillback" 16 Jun 2015 Weak investment and import demand in developing nations is threatening to drag down U.S. growth just as the Federal Reserve mulls raising interest rates. The central bank was able ignore the effects of its bond-buying on others. But a spillback could choke the American recovery.
Nigeria’s currency still looks vulnerable 20 Feb 2015 The central bank wants to stabilise the naira against the dollar, after a 22 pct drop since September. But Africa’s biggest economy is beset by political strife, corruption, poor infrastructure and plunging oil exports. The former star “frontier market” is in a tight spot.