M-Pesa breaks into Ethiopia where digital currencies have been declared illegal
Mobile money service M-Pesa becomes the first service to challenge the state-backed Telebirr in mobile money, even as Bitcoin remains seemingly illegal.
Latest Africa News
Zimbabwe’s central bank launches gold-backed digital currency
The core feature of Zimbabwe's new gold-backed tokens is its fractionalization, allowing individual investors to buy tokens for as low as $10.
Africa and blockchain—a perfect match
The region continues to adopt blockchain at the highest pace globally, and investors are taking note as it recorded a 429% spike in blockchain funding.
Nigeria SEC weighing allowing tokenized assets, ‘but not crypto’
The Nigerian securities regulator says it will allow exchanges to trade tokens backed by debt, equity, or property, but will consult the central bank on issuing licenses to ‘crypto’ exchanges.
Solving lack of financial inclusion in Africa with Wleepay
On this week’s CoinGeek Conversations, Lionel Bernard talks about Wleepay, a company that offers mobile financial services to the unbanked in Africa. Meanwhile, Artur Lucyk aims to engage people in the political process via his platform Repolify.
Africa: Blockchain startups sees 429% surge in funding in 2022
A new report reveals that Africa was the region with the highest growth in blockchain funding, with KuCoin and Scroll.io hitting the unicorn valuation.
Nigeria’s Roqqu exchange secures regulatory nod in South Africa
Roqqu, with 1.4 million users, will allow users to withdraw and deposit South African rand, tapping into one of Africa’s largest digital currency markets.
Nigerian stablecoin payments startup Lazerpay shuts down
Lazerpay’s funding attempts failed, with one of its investors’ funds held up in the FTX collapse, and despite November layoffs, it couldn’t get back on track.
Zambia’s digital asset regulation tests to end in June
ICT Minister Felix Mutati says the country is concluding tests that stimulate real-world digital asset use as a first step toward developing Bitcoin regulations.
Kenya views digital currencies as securities under incoming legislation
Under the new bill, digital currencies can only be introduced to the Kenyan market if the assets underwent product development for at least 24 months with a user base of not less than 10,000.
Central African Republic postpones exchange listing for Sango Coin
Launched in July 2022, Sango Coin received underwhelming reception from investors, while the country’s Constitutional Court threw out the promise of purchasing CAR citizenship through Sango coins.
Egypt arrests 29 allegedly involved in $620K HoggPool digital asset scam
While digital assets are illegal in Egypt, HoggPool managed to lure investors since its launch in August before the founders vanished with the funds in February.