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3232Gold Surges to Record High Amid Safe-Haven Demand
https://www.digit.info/gold-surges-to-record-high-amid-safe-haven-demand/
Mon, 21 Oct 2024 16:39:23 +0000https://www.digit.info/gold-surges-to-record-high-amid-safe-haven-demand/Read more]]>Gold prices surged to a new record high of $2,729.30 per ounce on October 21, bringing their gains for 2024 to over 30%. The commodity’s latest increase is attributed to increased safe-haven demand amid escalating tensions in the Middle East and the closely contested U.S. election. This sentiment also fueled a rise in silver prices, […]
]]>New Hampshire AG Joins Calls to Designate Jailed Ex-Federal Agent as Hostage
https://www.digit.info/new-hampshire-ag-joins-calls-to-designate-jailed-ex-federal-agent-as-hostage/
Mon, 21 Oct 2024 08:46:17 +0000https://www.digit.info/new-hampshire-ag-joins-calls-to-designate-jailed-ex-federal-agent-as-hostage/Read more]]>New Hampshire Attorney General John M. Formella and 17 other state attorneys general are urging the Biden Administration to designate Tigran Gambaryan, a detained U.S. citizen, as a hostage. The AGs express deep concern for his well-being and safety, given his prolonged detention in Nigeria without formal charges. Gambaryan, a former law enforcement officer with […]
]]>AED Stablecoin Gets Green Light From UAE Central Bank
https://www.digit.info/aed-stablecoin-gets-green-light-from-uae-central-bank/
Tue, 15 Oct 2024 10:31:17 +0000https://www.digit.info/aed-stablecoin-gets-green-light-from-uae-central-bank/Read more]]>AED Stablecoin LLC has received approval from the Central Bank of the United Arab Emirates (UAE) to launch its stablecoin, AE Coin. This makes AED Stablecoin the first entity in the UAE to issue stablecoins, aligning with the government’s digital strategy. AE Coin is a fiat-backed stablecoin, meaning each coin is backed by the AED […]
]]>Kenya Launches Digital and AI Skills Center
https://www.digit.info/kenya-launches-digital-and-ai-skills-center/
Sun, 13 Oct 2024 08:16:17 +0000https://www.digit.info/kenya-launches-digital-and-ai-skills-center/Read more]]>Kenya, in partnership with the United Nations Development Program (UNDP) and Microsoft, has established the Africa Centre of Competence for Digital and AI Skill. This center aims to equip public sector employees with digital and AI skills to improve service delivery across Africa. It aligns with Kenya’s National Digital Master Plan and focuses on topics […]
]]>Jailed Binance Employee’s Bail Application Denied Despite Medical Needs
https://www.digit.info/jailed-binance-employees-bail-application-denied-despite-medical-needs/
Sat, 12 Oct 2024 17:01:18 +0000https://www.digit.info/jailed-binance-employees-bail-application-denied-despite-medical-needs/Read more]]>The judge in Abuja denied bail to Tigran Gambaryan, the jailed Binance employee and a U.S. citizen unlawfully detained in Nigeria. Despite meeting all the medical requirements for bail, the judge’s decision contradicts established Nigerian legal precedents. Gambaryan’s health has deteriorated significantly in prison, and he requires medical treatment that the prison cannot provide. His […]
]]>Zimbabwe Limits USD Outflows for Departing Residents to $2,000
https://www.digit.info/zimbabwe-limits-usd-outflows-for-departing-residents-to-2000/
Fri, 11 Oct 2024 05:01:17 +0000https://www.digit.info/zimbabwe-limits-usd-outflows-for-departing-residents-to-2000/Read more]]>The Reserve Bank of Zimbabwe (RBZ) has imposed a new limit on the amount of U.S. dollars that travelers can carry out of the country. Under the revised regulations, travelers are now limited to carrying a maximum of $2,000 in cash when departing Zimbabwe. Previously, travelers were allowed to carry up to $10,000. This measure […]
]]>Nigeria Central Bank Governor Defends Naira Float Decision
https://www.digit.info/nigeria-central-bank-governor-defends-naira-float-decision/
Tue, 08 Oct 2024 18:43:55 +0000https://www.digit.info/nigeria-central-bank-governor-defends-naira-float-decision/Read more]]>The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, emphasized the importance of the decision to float the naira, despite public criticism of the move. He stated that the disparity between official and parallel exchange rates encouraged arbitrage and speculation, eroding market trust. He highlighted the positive impact of the decision on reducing […]
]]>Zimbabwe Injects $50 Million to Bolster Devalued Currency
https://www.digit.info/zimbabwe-injects-50-million-to-bolster-devalued-currency/
Sat, 05 Oct 2024 22:46:17 +0000https://www.digit.info/zimbabwe-injects-50-million-to-bolster-devalued-currency/Read more]]>The Reserve Bank of Zimbabwe (RBZ) has injected an additional $50 million into the market to support the foreign exchange system. However, industry leaders believe the bank is not doing enough to facilitate the smooth operation of the market. They argue that the policy requiring companies to have no existing nostro balances before bidding for […]
]]>Nigeria to Launch $1.5M Initiative to Boost AI Development
https://www.digit.info/nigeria-to-launch-1-5m-initiative-to-boost-ai-development/
Sat, 05 Oct 2024 09:30:30 +0000https://www.digit.info/nigeria-to-launch-1-5m-initiative-to-boost-ai-development/Read more]]>Nigeria’s Minister of Communications, Innovation, and Digital Economy, Bosun Tijani, has announced a $1.5 million initiative to boost the country’s Artificial Intelligence (AI) development. This fund, supported by Luminate, a global foundation, will be launched on Oct. 7 in Abuja. The move came after the Ministry launched a $61,780 AI Fund in collaboration with Google, […]
]]>All-Women AI PhD Program Launches in Africa
https://www.digit.info/all-women-ai-phd-program-launches-in-africa/
Fri, 04 Oct 2024 04:30:49 +0000https://www.digit.info/all-women-ai-phd-program-launches-in-africa/Read more]]>A pioneering Africa-Europe collaboration aims to train 700 African Doctor of Philosophy (PhDs) in artificial intelligence (AI) over the next decade. The first intake of this program, however, will be unique: it will consist entirely of women. This initiative is the brainchild of CORE AI, a research partnership uniting universities from both continents. The program […]
Gold prices surged to a new record high of $2,729.30 per ounce on October 21, bringing their gains for 2024 to over 30%. The commodity’s latest increase is attributed to increased safe-haven demand amid escalating tensions in the Middle East and the closely contested U.S. election. This sentiment also fueled a rise in silver prices, […]
]]>
New Hampshire Attorney General John M. Formella and 17 other state attorneys general are urging the Biden Administration to designate Tigran Gambaryan, a detained U.S. citizen, as a hostage. The AGs express deep concern for his well-being and safety, given his prolonged detention in Nigeria without formal charges. Gambaryan, a former law enforcement officer with […]
]]>
AED Stablecoin LLC has received approval from the Central Bank of the United Arab Emirates (UAE) to launch its stablecoin, AE Coin. This makes AED Stablecoin the first entity in the UAE to issue stablecoins, aligning with the government’s digital strategy. AE Coin is a fiat-backed stablecoin, meaning each coin is backed by the AED […]
]]>
Kenya, in partnership with the United Nations Development Program (UNDP) and Microsoft, has established the Africa Centre of Competence for Digital and AI Skill. This center aims to equip public sector employees with digital and AI skills to improve service delivery across Africa. It aligns with Kenya’s National Digital Master Plan and focuses on topics […]
]]>
The judge in Abuja denied bail to Tigran Gambaryan, the jailed Binance employee and a U.S. citizen unlawfully detained in Nigeria. Despite meeting all the medical requirements for bail, the judge’s decision contradicts established Nigerian legal precedents. Gambaryan’s health has deteriorated significantly in prison, and he requires medical treatment that the prison cannot provide. His […]
]]>
The Reserve Bank of Zimbabwe (RBZ) has imposed a new limit on the amount of U.S. dollars that travelers can carry out of the country. Under the revised regulations, travelers are now limited to carrying a maximum of $2,000 in cash when departing Zimbabwe. Previously, travelers were allowed to carry up to $10,000. This measure […]
]]>
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, emphasized the importance of the decision to float the naira, despite public criticism of the move. He stated that the disparity between official and parallel exchange rates encouraged arbitrage and speculation, eroding market trust. He highlighted the positive impact of the decision on reducing […]
]]>
The Reserve Bank of Zimbabwe (RBZ) has injected an additional $50 million into the market to support the foreign exchange system. However, industry leaders believe the bank is not doing enough to facilitate the smooth operation of the market. They argue that the policy requiring companies to have no existing nostro balances before bidding for […]
]]>
Nigeria’s Minister of Communications, Innovation, and Digital Economy, Bosun Tijani, has announced a $1.5 million initiative to boost the country’s Artificial Intelligence (AI) development. This fund, supported by Luminate, a global foundation, will be launched on Oct. 7 in Abuja. The move came after the Ministry launched a $61,780 AI Fund in collaboration with Google, […]
]]>
A pioneering Africa-Europe collaboration aims to train 700 African Doctor of Philosophy (PhDs) in artificial intelligence (AI) over the next decade. The first intake of this program, however, will be unique: it will consist entirely of women. This initiative is the brainchild of CORE AI, a research partnership uniting universities from both continents. The program […]
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