Africa Daily - Is this the end of cash in west Africa?
Download Is this the end of cash in west Africa?
Nigeria is about to become the first country in Africa to launch a digital currency controlled by their central bank.
Instead of carrying notes and coins, Nigerians will have the option to carry electronic money in an e-wallet on their phones.
The eNaira will be issued directly from the central bank to users, in the hope of brining financial services to millions of unbanked people.
And with other country’s in the region making similar plans, could this be the end of cash in west Nigeria?
Host:
Alan Kasujja (@kasujja)
Guests:
Charles Gitonga, International Bussiness Journalist with BBC Africa
Fadekemi Abiru, Editor in Chief at Sears Business
Published on Monday, 4th October 2021.
Available Podcasts from Africa Daily
We are not the BBC, we only list available podcasts. To find out more about the programme including episodes available on BBC iPlayer, go to the Africa Daily webpage.