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Africa

South Africa issues 63 new VASP licenses, launches probe into 30 unlicensed firms
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17 July, 2024

South Africa issues 63 new VASP licenses, launches probe into 30 unlicensed firms

The FSCA has licensed 138 VASPs from 383 applications, while the FATF warns that 97% of Africa struggles with digital...
META region’s AI spending may climb to $7B by 2026: report
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15 July, 2024

META region’s AI spending may climb to $7B by 2026: report

Data released by the IDC shows that the projected AI spending of up to $7 billion would be driven by...
Zambia working with EU on AI strategy
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7 July, 2024

Zambia working with EU on AI strategy

Zambia’s government is also working with the Tony Blair Institute on the strategy, while also reviewing its cyber laws to...
Africa can use blockchain, AI to curb illicit finance: Nigeria’s anti-graft chief
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5 July, 2024

Africa can use blockchain, AI to curb illicit finance: Nigeria’s anti-graft chief

The EFCC chair noted that Africa loses $89 billion annually to illicit finance and that AI, data analytics, and blockchain...
What can Africa learn from the EU’s MiCA framework?
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3 July, 2024

What can Africa learn from the EU’s MiCA framework?

Some experts say Africa should formulate its own MiCA-like framework for the digital currency sector, but its implementation might be...
Rwanda pushes for safe and responsible AI development
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2 July, 2024

Rwanda pushes for safe and responsible AI development

Rwanda’s ICT Ministry has developed a national AI policy and opened an AI office that guides local firms and interprets...
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