What does Facebook’s Libra currency mean for Africa?

Facebook has stated its plans for Libra, a digital currency backed by a reserve of real currencies and assets, which it hopes will grow to become globally accepted and adopted. Put another way, Facebook wants to create a global financial network based on a digital currency it’s about to unveil. The currency, due to be launched in the first half of next year, already has signed up partnerships ranging from, Uber, Spotify and Mastercard to Naspers—Africa’s most valuable company.