Reserved

you are definitely not missing anything, I do also hear about these news but no African country seems to be making a move.
Recently Chile are holding talks of making a strategic Bitcoin reserve fir it's country. But it seems African countries are still waiting for the other western civilization to make the moves first and this is indeed sad.

Come to think of it, I haven't seen any also rather just other news showing their support to Bitcoin and which I think is mainly around mining, with Ethiopia likely being the leading source there after their recent mining regulation: https://www.binance.com/en-NG/square/post/2024-10-11-ethiopia-increases-bitcoin-mining-power-allocation-to-600-mw-14718686123586.


While there been any bill or news about an entire Nation(s) in Africa setting up a Bitcoin reserves, the fire fighters union in Kenya has done it recently.

In respect to this, it seems Kenya has had major interest in adopting crypto the onset because they have shown their love and passion for crypto usage among their respective students in their tertiary institutions. Kenya and South Africa (the Zulu) had been the only African countries to have initiated a blockchain technology and cryptocurrency courses to be studied in their higher institutions for either free or paid.

If I should pick out African countries to start this Bitcoin reserve thing, then I think South Africa will take the lead, they are somewhat good enough to embracing newly created innovations, lets watch out.

African countries suffers till date the economic burdens their colonial masters posed on them coupled with the level of corruption therein. I believe that if any countries would be considering taking those bold moves, it would be these countries whom have been overtaken by the military and removed every grasp of colonial masters and started focusing strictly on developing their countries.Burkina Faso is fast developing now and I expect them to make a bolder move towards strengthening their economy by involving Bitcoin.

This is why Africa is different from the rest continents because they hardly look into the future and identify a good development that they can benefit from instantly. We only copy the things that we alone will benefit from and not what is good for the growth of our economy. If not will any Africa government say they're not aware of what's happening in the world, as some countries want to use bitcoin as a reserve for their future. It seems Africa countries are not thinking of the future.

I can say both Kenya and South Africa are like among the most inclined in technology in Africa, they are really innovative and I'm getting to see more reasons why IBM did collaborate with some universities in both countries for settling up quantum computing research center in Africa. I think the other country among this list is Egypt.
https://khusoko.com/2019/06/12/ibm-expands-its-quantum-computing-program-to-africa-university-of-nairobi-a-key-beneficiary/
https://medium.com/qiskit/ibm-quantum-challenge-africa-how-african-researchers-are-building-a-quantum-community-from-the-5e524f623a99

It's no new thing that lots of countries have picked interest in the Bitcoin reserve and trust me, Africa countries are not left out, several countries like Kenya, SouthAfrican, Centra African Republic and even Nigeria has embraced Bitcoin, though our government is still being Skeptical about embracing it fully but lots of Citizens in our country have embraced it. However research have it that Bitcoin is now official currency in Central African Republic and the news is dated back to 2022, which means that they're one of the countries that joined El Salvador to adopt Bitcoin years ago. Anyways I've not heard of any African government that's publicly opened up to buy the reserve lately but with time lots of countries including those in Africa would follow suit probably after U.S buys the reserve in the near future, even our government would have to option than to buy the reserve to back up our local currency for the future.

We have to embrace bitcoin and other cryptocurrencies like the fiat pegged stable coins because of the hyperinflation in Africa countries, not about investment alone but which is also part of the reason. I am specifically referring to use but the government and not citizens. That is because they are the ones that will make bitcoin a strategic reserve in the country.

It was later reversed.

You're right, the inflation rate is getting out of hand in most African countries and i wonder why the government are not on the forefront when it comes to embrassing Bitcoin, it has proven to be a hedge against inflation and even foreign countries that backed out of it are planning on buying reserves, i think the present Nigerian government is not putting much effort in strengthing our economy, i see them wasting borrowed funds on unnecessary projects and im very bothered concerning the plans they've got for the future, i hope they trace their errors and do the needful, if only the government would be as ambitous as majority of the cutizens that's embraced Bitcoin i believe we'll be able to tackle inflation in about 4-6 years from now.

They made a grave mistake to reverse it, just like El-Salvador i think they would've gradually stabilized their economy and strengthen their fiat currency but then they lacked the vision just like many of us who earlier knew about Bitcoin but failed to accumulate more, well it's not too late and maybe they'll be among the 1st African country to buy the reserve when others start doing it in masses probably after U.S buys the reserve.