Has reality caught up with Hervé Ndoba? This week, the CAR’s finance and budget minister is chairing an extraordinary session of the Bank of Central African States’ (BEAC) board of directors in Douala with only one item on the agenda: his country’s adoption of a law governing cryptocurrencies on 22 April of this year.
21 July is the day Bangui is putting 210m “Sango Coins” – the “national digital currency” – up for sale at $.10 each to raise $21m. On the same day, the money man will be facing his peers at the Communauté Économique et Monétaire de l’Afrique Centrale – CEMAC (the Economic and Monetary Community of Central Africa), which includes Gabon, Congo, Chad, Cameroon and Equatorial Guinea in addition to CAR, within the framework of the ministerial committee of the l’Union monétaire de l’Afrique centrale – UMAC – the Monetary Union of Central Africa.
Ndoba had been dragging
There's more to this story
Get unlimited access to our exclusive journalism and features today. Our award-winning team of correspondents and editors report from over 54 African countries, from Cape Town to Cairo, from Abidjan to Abuja to Addis Ababa. Africa. Unlocked.
Already a a subscriber Sign In