Touadéra seeks to sideline parliament over lucrative mining contracts
Draft CAR constitution boosts Touadéra, eases Wagner mining constraints.
Several buyers of Sangocoin, the cryptocurrency launched by Central African Republic President Faustin-Archange Touadéra, are still waiting for it to go live. But first, laws need to be changed so that they can receive their promised purchase dividends, such as CAR passports.
The Central African president is trying to speed up his cryptocurrency project, despite scepticism from some of his ministers. The local director of the Bank of Central African States, Ali Chaibou, is one of the doubters and has secretly sought the advice of former IMF director Dominique Strauss-Kahn.
By targeting one of the emblematic figures of the Central African Republic conflict - livestock minister and former rebel leader Hassan Bouba - the Bangui special criminal court has thrown a spanner into an already uneasy mix of peace deals, jittery financial backers and Russian mercenaries.
Since the beginning of the year, the International Monetary Fund has signed support programmes with four of the six countries in the oil-dependent and Covid-weakened Central African monetary zone. But its talks with Chad and the Central African Republic have stalled.
Luxembourg-based crypto investigations company Scorechain is helping the Caisse des Dépôts et Consignations, which keeps cryptoassets snatched by Agrasc - the French state agency in charge of seized and confiscated assets - until they are resold.