In at least five African countries, many people consider sports gambling a way to get regular income. Some consider sports gambling a way out of poverty. But critics warn that sports betting in Africa is increasing while poverty, unemployment and a lack of industry rules remain big problems. In one
Tagged as: Money
Uganda to replace 1,000-shilling notes with coins.
Uganda is considering replacing low-denomination banknotes with coins to cut printing costs. The 1,000-shilling paper note will be gradually phased out due to heavy soiling and frequent reprinting. The move is part of measures to manage costs and achieve sustainable fiscal consolidation, as reassured by the IMF. The country aims
Only 9 African countries produce their own currency
Several decades after their independence, Guinea, Ethiopia, Rwanda and 14 other African countries continue to have their banknotes printed in the UK, while others rely on Germany. However, the populations of these countries are largely unaware of the fact that their currency is produced abroad, unlike those of the countries