africa
North Africa | Web3 Emerges as the Most Funded Sector in MENA for December 2024
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…
Africa’s Crypto Boom in 2024: Key Moments and Trends
The State of Crypto in Africa in 2024 Africa in 2024 is no longer just an up-and-coming player in the global crypto space—it’s a serious contender. Once seen as an emerging market, the continent has blossomed into a vibrant hub where innovation, adoption, and resilience are all coming together. According to Chainalysis’ 2024 Crypto Adoption…
Bank of Botswana Urges Cryptocurrency Regulation Amid Minimal Domestic Risks
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…
A Look At Bitcoin Mining in Africa and How You Can Get Involved
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…
Yeshara Tokens Joins Kenya’s Regulatory Sandbox to Revolutionize Real Estate Tokenization
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…
Canza Finance: The Hidden Powerhouse Set to Transform RWA Access Across Africa and Beyond
In a world where financial inclusion remains elusive for millions, Canza Finance emerges as a beacon of hope. This innovative platform is harnessing the power of blockchain technology, decentralized finance (DeFi), and real-world assets (RWAs) to bridge the gap for individuals and businesses across Africa and beyond. For decades, accessing financial services has been a…
Tether Report: Almost Half of 2024 USDT Transactions Originated in Emerging Markets
In its Q4 2024 report, Tether, the issuer of the USDT stablecoin, revealed that nearly half of all USDT transactions this year originated from emerging markets. This underscores the growing reliance on stablecoins as a tool for financial inclusion and stability in regions where traditional banking systems often fall short. USDT Adoption Reaches Record Highs…
BIT Mining Acquires Ethiopian Bitcoin Mining Facilities and Machines in $14.3 Million Deal
In a significant move reflecting the growing prominence of Ethiopia in the global Bitcoin mining industry, NYSE-listed BIT Mining Limited has announced its acquisition of 51-megawatt crypto mining data centers and 17,869 high-performance Bitcoin mining machines in Ethiopia. The transaction, valued at $14.3 million, was finalized on December 3, 2024, marking a new chapter in…
Kenya National Fire Brigades Association Adds Bitcoin to Its Balance Sheet
In a groundbreaking development, the Kenya National Fire Brigades Association (KENFIBA) has officially added Bitcoin to its balance sheet, marking a bold step into the cryptocurrency space. This strategic move positions KENFIBA as a pioneer in adopting digital assets among governmental organizations in Kenya. It also potentially makes KENFIBA the first labor union in the…
How Kenyan developer, Chris Oketch is Leveraging Blockchain to Redefine Education in Africa Through EduPay
In this episode of TawkAfrica Spotlight, we had the privilege of interviewing Chris Oketch, a blockchain developer from Kenya who is making waves in the Web3 space with his innovative project, EduPay. The platform leverages blockchain technology to address critical issues in education access and sponsorship transparency. Through a written interview, Chris shared insights into…