LATEST NEWS
FUNDING | Nigerian Web3 Startup, UmrahCash, Reportedly Secures $500,000 from…
UmrahCash, a fintech startup based in Kano, Nigeria, has successfully raised $500,000 in funding from Adaverse, a Cardano-focussed Web3 investments firm and accelerator in Africa. The company…
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FUNDING | Nigerian Web3 Startup, UmrahCash, Reportedly Secures $500,000 from Adaverse to Transform Fintech for Religious Pilgrims -
MILESTONE | Ethiopia and China Seal a Historic Currency Swap Deal Allowing Trade in Ethiopian Birr and Chinese Yuan -
FINTECH AFRICA | Flutterwave's Send App Launches Commercial Operations in Malawi -
CBDC | Nigeria Seeking to Expand eNaira Payments in Government Procurements to Boost Low Adoption -
FUNDING | Egyptian Operations Fintech, SETTLE, Raises $2 Million After Processing Over $1 Million in its Testing Phase -
REPORT | 'There is Growing Stablecoin Usage for Non-Crypto Activities in Emerging Markets,' Says VISA -
FUNDING | Nigerian Digital ID Startup, Regfyl, Raises $1.1 Million After Gaining Momentum -
FUNDING | Senegalese B2B Lending Fintech, RubyX, Secures $440,000 in Debt Funding from Proparco, a Major Player in Financial Inclusion in Africa -
LIST | 4 African Projects, Out of 20 Globally, Among the Latest Recipients of Bitcoin Development Fund Grants by Human Rights Foundation (HRF)
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Why Will It Be Good for Businesses to Obtain a MiCA License in the Future? -
PARTNERSHIP | Award-Winning Global Tech Company, Soramitsu, Partners with Nigerian Public Policy Think Tank, NISER, to Deepen Capacity and Implement Innovative Projects Using Blockchain
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REPORT | Nigeria Dominates Emerging Markets Globally in Stablecoin Use, Says a September 2024 YouGuv Survey
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The Impact of Cryptocurrencies in the Gig Economy -
TOKENIZATION | South African Reverse Mortgage Provider, Water Financial, Issues $1.6 Million Capital Raise in Tokenized Assets on the Stellar Blockchain
OPPORTUNITIES
T-Vencubator, a leading venture capital firm and incubator in Egypt, has launched its inaugural investment...
Web3 startup accelerator, CV Labs, has announced the launch of applications for Batch 07 of its program....
The pan-African Ecobank Group has opened applications for the 7th edition of its Fintech Challenge offering...
The Timbuktoo Fintech Startup Accelerator has issued a call out to citizens of the African Union (AU)...
Google has announced the opening of applications for the 8th cohort of its Google for Startups Accelerator...
UmrahCash, a fintech startup based in Kano, Nigeria, has successfully raised $500,000 in funding from...
Ethiopia and China have formalized a currency swap agreement, enabling trade between the Ethiopian Birr...
Pan African fintech, Flutterwave, has announced that its flagship remittance product, Send App, has launched...
The Central Bank of Nigeria (CBN) has pledged more measures to jumpstart the low adoption of its digital...
Egyptian B2B fintech, SETTLE, has raised a $2 million pre-seed round and is looking to accelerate its...
Stablecoins are increasingly finding adoption for non-crypto activities, in contrast to their original...
Regfyl, a Nigerian digital identity verification and fraud detection startup, has raised $1.1 million...
RubyX, a lending startup in Senegal, has received UR400,000 ($440,000) from Proparco, a French development...
REPORTS
Accessing cryptocurrency remains the primary use case for stablecoins in emerging markets, accounting...
Nigeria was the only African country that made it to the top 20 in Chainalysis’ latest 2024 Crypto...
The Central Bank of Egypt (CBE) has announced a notable turn-around with a net profit of Egyptian Pounds...
Startups in Africa announced $56 million in funding in August 2024, down from $443 million in July 2024...
A new research paper released in August 2024 has provided the first comprehensive evaluation of the early...
The Democratic Republic of Congo (DRC) is now the most profitable market for subsidiaries of Kenyan banks...
Nigeria’s economic growth accelerated in the second quoarter of 2024 (Q2 2024), driven by a rise...
A staggering 97% of memecoins have died, underscoring the precarious nature of these investments according...
Startups in the crypto space secured a total of $2.7 billion across 503 deals, according to the Q2 2024...
A new United Nations report indicates that the global population is projected to start declining gradually...
Emerging markets and developing economies face heightened risks and regulatory challenges from the adoption...
The demand for stablecoins has picked back up in 2024, with circulating supply approaching $150 billion,...
According to recent statistics, Morocco leads the world when it comes to cash payments. Based on data...
Solana’s DeFi TVL fell by 9% QoQ to $4.5 billion, ranking it fourth among networks in Q2 2024, according...
After nearly breaching all-time highs in Q1 2024, the total crypto market cap returned some of those...
Blockchain startups in Africa attracted $135.4 million in venture capital funding in 2023, representing...
The Bank of Uganda (BOU) says it has initiated a Domestic Gold Purchase Program with the aims of mitigating...
Virtual assets continue to be used to support the proliferation of weapons of mass destruction as well...
Startups from the Middle East and North Africa (MENA) region raised $116 million in June 2024, declining...
ETHEREUM
U.S-traded spot Ethereum (ETH) exchange-traded funds (ETFs) saw about $476 million in outflows during...
In a recent social media post, Vitalik Buterin and the Ethereum Foundation spokesperson, Josh Stark,...
Coinbase’s Ethereum layer-2 network, Base, has reached a new milestone with over 1 million daily active...
Bitcoin and Ether ETFs recorded nearly $6 billion in trading volume amid the global market turmoil on...
The “I’m Too Smart to Fall for That” Syndrome So, you think you’re the Sherlock...
This week, we’re celebrating Ethereum’s 9th birthday – that’s right, our favorite blockchain...
The nine United States Ether Exchange-Traded Funds (ETFs) saw about $1.08 billion in cumulative trading...
ETH Exchange Traded Funds are set to launch on July 23 2024 after U.S. regulators gave their final approval...
Think about it for a sec, A blockchain is just a large single database that is not owned by anyone but...
If you’re a regular user of applications on the Ethereum blockchain, chances are you’ve come across MetaMask....
Pick n Pay, one of South Africa’s largest retail chains, with over 2,000 stores across the country,...
BitLipa, a leading mobile money to crypto on-ramp solution which recently pivoted from B2C to B2B, is...
DeFi, or decentralized finance, is the next big thing in finance. It introduces new forms of financial...
FINTECH
Duplo, a Nigerian fintech offering payments solutions to businesses across the continent, has raised...
Visa has unveiled its latest initiative, the Visa Africa Fintech Accelerator program, aimed at supporting...
Africa leads In Cost of Sending Remittances One of the major problems attracting fintech innovation in...
Nigerian fintech, Grey, has raised $ 2 million as it sets out to grow its virtual currencies service...
Lami, a digital insurance product based out of Kenya, has raised $3.7 million in an extension round,...
Power, a financial technology company based in Kenya, has secured a $3 million seed funding round led...
Egyptian startup, Swypex, has unveiled the rollout of its comprehensive financial services platform for...
REGULATION
The Nigeria Securities Exchange Commission (SEC Nigeria) Chief says the authority will be taking action...
Kwame Oppong, Head of Fintech and Innovation at the Bank of Ghana (BoG), has announced that the central...
The South Africa Revenue Service (SARS) is now issuing tax notices to crypto traders. According to officers...
In a landmark move to support financial technology innovation, the Bank of Tanzania has officially launched...
African-founded cryptocurrency exchange, Quidax, has announced that it has received a provisional operating...
In line with its dedication to fostering innovation in the capital market while ensuring investor protection,...
Nigerian fintech, Flutterwave, has secured a Payment Systems Operator (PSO) license from the Bank of...
The Securities and Exchange Commission of Nigeria (SEC Nigeria) is preparing to license crypto exchanges,...
Nigeria’s Federal Inland Revenue Service (FIRS) is set to introduce a comprehensive bill to revamp...
Seychelles, which accounted for over half of the total funding to Web3 startups Africa in 2023, is taking...
The Bank of Ghana (BoG) has released guidelines for a proposed regulatory framework for digital assets...
Weeks after floating its currency, Ethiopia is set to run an auction to help stabilize the plummeting...
BANKING
Ethiopia and China have formalized a currency swap agreement, enabling trade between the Ethiopian Birr...
Kwame Oppong, Head of Fintech and Innovation at the Bank of Ghana (BoG), has announced that the central...
The Central Bank of Egypt (CBE) has announced a notable turn-around with a net profit of Egyptian Pounds...
The Governor of the Central Bank of Libya, Sadiq Al-Kabir and other senior bank officials, have fled...
Neil Leon De Waal, a South African associate of the controversial investment scheme GS Partners, was...
The Mauritius Financial Services Commission (FSC), the regulatory authority responsible for the regulation,...
Proof of attendance protocol, often shortened to POAPs, function as digital badges you can collect at...
Meta, the parent company of Facebook, Instagram, and WhatsApp, has started a slow rollout that allows...
A new survey conducted by IPSOS for the World Economic Forum (WEF) finds that half of adults across 29...
The term, metaverse, can trace its roots back 3 decades ago to a sci-fi novel by Neal Stephenson called...
FRANCOPHONE AFRICA
EDUCATION
Long before we used paper money, people used many different objects as money. One of the defining characteristics...
Bitcoin’s mining difficulty has surged to its highest level ever, occurring just over a week before...
Bitcoin exchange-traded funds (ETFs) on Wall Street experienced five consecutive days of net outflows...
The Human Rights Foundation (HRF) has allocated a total of $500,000 across 14 diverse projects worldwide,...
Every four years, the amount of Bitcoin rewarded to cryptocurrency miners is halved in a process aptly...
In a new analysis, crypto asset management firm, GrayScale, says that Bitcoin’s technical fundamentals...
Open interest in Bitcoin surged to $31 billion on March 4 2024 surpassing the previous record of $24.3...
A Bitcoin address is a string of alphanumeric characters that represents a destination for Bitcoin transactions....
The Bitcoin Lightning Network has seen growing adoption since its inception in 2018, accumulating a total...
DAOs
Core DAO is excited to introduce the African Innovation Fund, a groundbreaking initiative to provide...
Celo has finally unveiled a regional DAO which is expected to drive adoption of the blockchain in grassroots...
The South Africa Reserve Bank (SARB) will be exploring multiple use cases involving a wholesale CBDC...
The Kamusi DAO Project is an initiative which aims to create a Kiswahili Web3 dictionary that represents...
CENTRAL BANK DIGITAL CURRENCIES (CBDCs)
The Central Bank of Nigeria (CBN) has pledged more measures to jumpstart the low adoption of its digital...
A new research paper released in August 2024 has provided the first comprehensive evaluation of the early...
Project mBridge, the multi-central bank digital currency arrangement that connects different jurisdictions...
According to a post by the National Bank of Ethiopia, the country’s Council of Ministers has approved...
Rwanda is aiming to launch its own national Central Bank Digital Currency (CBDC) within the next two...
The Bank of Ghana (BOG) and the Monetary Authority of Singapore (MAS) have successfully completed a proof-of-concept...
CBDC | National Bank of Rwanda (BNR) Seeks Public Views on a CBDC Ahead of Possible Proof-of-Concept
The National Bank of Rwanda has released a questionnaire seeking views from the public about a Central...
The South Africa Reserve Bank (SARB) has set a 2-year timeline within which to accelerate the selection...
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