Ethiopia News

Speaking at the World Economic Forum in Davos, Switzerland, economist Vera Songwe pointed to remittances and inflation hedging as key drivers of stablecoin use across Africa.

Phoenix Group added 52 megawatts to its Ethiopian Bitcoin mining operations, raising its total there to 132 megawatts, with a reported over 500 megawatts worldwide.

“Ethiopia at the Crossroads” is getting a special blockchain boost for its final stint at the Toledo Museum of Art as part of the Ethiopian family art collective’s residency with the museum.

The country plans to have a legal framework and regulatory sandbox in place for CBDC introduction “as necessary.”

Hashlabs Mining co-founder and chief mining strategist Jaran Mellerud said Ethiopia, Nigeria, Kenya, Argentina and Paraguay could pick up more hash rate in the coming years.

The Ethiopian government investment fund has signed an MoU with Data Center Service on a $250-million data mining and AI training deal.

The Kenya-based company already has 3 million mobile phone users in Ethiopia and plans to make it the 10th country where the payment service will be available.

Ethiopian-based group Project Mano is lobbying the government to mine, hold and link Bitcoin to the Ethiopian birr or other legal tenders.

Blockchain technology will be used to enhance the educational experience of five million students and 750,000 teachers across the east African nation.