Category: Angola
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Angola Hikes Benchmark Interest Rate as Central Bank Attempts to Tame Rising Inflation
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8 Countries Stricken With Rampant Inflation See Bitcoin Prices Touch All-Time Highs
The price of bitcoin touched new highs in 2020 and a number of supporters are optimistic that the crypto asset’s value will drive higher. In addition to this year’s bitcoin price high, around eight different countries have seen bitcoin touch all-time highs (ATH) in their local currency. The bitcoin ATHs in these countries show how […]
The post 8 Countries Stricken With Rampant Inflation See Bitcoin Prices Touch All-Time Highs appeared first on Bitcoin News.
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Irresponsible Borrowing Leaves Africa on Brink of Debt Crisis – Again
Irresponsible government borrowing has caused debt in many African countries to reach crisis level. Over the past 10 years, more than $80 billion in bonds have been issued to thirsty European investors by governments in Africa south of the Sahara, with public debt now making up about half of GDP. Bilateral loans, especially from China, add […]
The post Irresponsible Borrowing Leaves Africa on Brink of Debt Crisis – Again appeared first on Bitcoin News.
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Wave of Mobile Tax Hikes Squeezes Africa’s Poor to Indulge Governments
A smart robber fleeces you with a pen and a handshake. From Zimbabwe to Kenya, Uganda to Benin, African governments are on a tax-raising spree, looking for easy money, ostensibly to help fund successive revenue shortfalls and budget deficits. Often, the money ends up being misappropriated by corrupt public officials. The best weapon in government […]
The post Wave of Mobile Tax Hikes Squeezes Africa’s Poor to Indulge Governments appeared first on Bitcoin News.
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European Banks Complicit as Corrupt African Leaders Plunder Their Home Economies
European banks have allegedly been complicit as corrupt African leaders pilfer the wealth of their economies in the billions of dollars. The Angolan government on Monday arrested the son of ex-president Jose dos Santos for stealing $500 million from the country’s sovereign wealth fund, with the help of a British bank. It is only a […]
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