africa

In a surprising move that blends financial innovation with national branding, the Central African Republic (CAR) has launched its own meme coin, dubbed $CAR. This initiative, announced by President Faustin-Archange Touadera on X (formerly Twitter) late on Sunday, marks a unique attempt to raise the profile of one of the world’s poorest countries through the…

In a recent development that has stirred debate within South Africa’s financial circles, Democratic Alliance federal chair Helen Zille, while expressing her personal bullishness on bitcoin, has firmly cautioned against the use of the cryptocurrency as a strategic reserve asset by the state. A Candid Address at “Adopting Bitcoin” Speaking at the “Adopting Bitcoin” conference…

In a stark reminder that no one is immune in the fast-evolving crypto world, Tanzanian billionaire Mohammed Dewji, a respected figure in Africa’s business community and head of the MeTL Group, has recently become the target of a sophisticated crypto scam. Hackers infiltrated Dewji’s official X (formerly Twitter) account, misleading his 2.2 million followers by…

StarkWare, a leading player in the blockchain space, has unveiled a $4 million venture fund dedicated to nurturing blockchain startups across Africa. The fund underscores StarkWare’s confidence in Africa’s potential to become a major hub for global crypto adoption, empowering a continent often underserved by traditional financial systems. This new initiative aims to catalyze the…

Despite repeated warnings from the Central Bank of Kenya (CBK), Kenyans are increasingly embracing cryptocurrencies, according to a report by the International Monetary Fund (IMF)’s Technical Working Group. The study, conducted in collaboration with Kenya’s Financial Reporting Centre, sheds light on the thriving crypto ecosystem in Kenya and the profiles of its participants. Who Are…

The startup ecosystem across the Middle East and North Africa (MENA) region witnessed a notable slowdown in December 2024, securing $279 million across 42 deals. While this marks an 8% increase from November, the figure represents a dramatic 76% year-over-year decline compared to December 2023. Regional Highlights: Web3 Takes the Lead, But Fintech Shines The…

The Bank of Botswana has called for robust cryptocurrency regulations, citing global market misconduct and financial crime risks as key concerns. While the local cryptocurrency sector poses minimal threats to the country’s financial stability, the increasing integration of crypto assets into the global financial system could create potential systemic risks in the future. In its…

Bitcoin mining is gaining traction across Africa, positioning the continent as a growing global hub for mining activities. Leveraging abundant natural resources and untapped renewable energy, several African countries are attracting both local and international miners. Below, we explore leading Bitcoin mining initiatives and how you can get involved in this booming sector. Ethiopia: The…

The Capital Markets Authority of Kenya (CMA) has announced the admission of Yeshara Tokens Limited into its Regulatory Sandbox, marking another significant milestone for blockchain innovation in Kenya. Yeshara Tokens will test its blockchain-powered platform designed to tokenize real estate assets, aiming to enhance retail participation in capital markets. What Is Yeshara Tokens? Yeshara Tokens…