Africa Financial News

01.09 / 16:53

Adoption regulation Africa Podcast Hashing It Out Crypto users Onboarding crypto users in Africa vs. the West — Fonbnk founder Christian Duffus explains

The African continent is considered a significant market for crypto adoption due to its youthful population, flawed economic management by governments, and inadequate financial infrastructure for internal and global connectivity.

24.08 / 14:07

Adoption Europe Africa Lightning Network lightning Bitcoin Bitcoin gains Bitcoin gains traction in West Africa with educational drive

Bitcoin (BTC) adoption in West Africa is dominated by Nigeria, the crypto powerhouse and the region’s economic engine. But against a backdrop of anti-French sentiment, Bitcoin educational efforts are also bubbling away in French-speaking West Africa.

21.08 / 11:37

Adoption regulation Telegram Africa Betting Telecommunications Somalia bans Telegram and TikTok over misinformation

The Federal Republic of Somalia is the latest country to ban cryptocurrency-friendly messaging app Telegram, alongside TikTok social media app and the online-betting site 1XBet.

14.08 / 22:39

defi Analysis Africa Opinion World Economic Forum Commodity tokenization is the economic aid Africa needs

In my youth, amid Ghana’s cocoa farms, I walked with my grandfather, a soldier turned farmer. He shared how these beans fueled our nation’s pride and economy. As the digital age unfurls, I often wonder: Could the modern marvel of crypto tokenization be the change my grandfather and countless cocoa farmers need?

14.08 / 19:29

CBDC Adoption Africa Gold Reserve Bank of Zimbabwe Backed Zimbabwe central bank close to introducing gold-backed digital tokens into retail

The Reserve Bank of Zimbabwe (RBZ) expects to launch its gold-backed digital token (GBDT) for retail use soon, the RBZ has stated. This follows the token’s success with investors, which the bank described as “commendable” in a recent report.

09.08 / 19:47

business Blockchain Technology Adoption Asia Africa identity controversy Worldcoin controversy explained in latest Cointelegraph Report

Worldcoin, an ambitious but also controversial cryptocurrency project, has been making headlines since its launch last month. The project collects people’s biometric data by scanning their eyeballs via a metallic orb. Its goal is to create a proof-of-personhood system that allows it to distinguish robots from humans in the budding era of AI.

02.08 / 08:39

Government regulation Altcoin Africa Worldcoin Worldcoin cryptocurrency project suspended in Kenya

The new cryptocurrency and digital identity project, Worldcoin, is facing a rough start in Kenya, with the government halting all local activity associated with it.

30.07 / 03:03

Adoption Ripple Report Africa Survey Middle east Financial Blockchain will save financial institutions $10B by 2030: Ripple

Blockchain has the potential to save financial institutions approximately $10 billion in cross-border payment costs by the year 2030, according to a recent report.

28.07 / 13:41

Blockchain Adoption Agriculture Africa Blockchain technology lets East African farmers sell globally

Small farmers in the developing world may be on the cusp of an agricultural breakthrough. With emerging technologies like satellite imagery, drones and machine learning boosting productivity, it’s becoming more viable than ever to sell their produce in places like Western Europe.

24.07 / 06:23

Africa Immigration hiv About 15 per cent of guests at Canadian AIDS conference claimed asylum

OTTAWA — Almost one-sixth of guests at a major AIDS conference in Montreal last year who received Canadian visas ended up claiming asylum, according to internal data obtained by The Canadian Press.

23.07 / 09:09

Blockchain CBDC Adoption Africa enaira Nigerian central bank adds NFC upgrade to eNaira for contactless payments

Despite the former governor’s ousting nearly two months ago, the Central Bank of Nigeria (CBN) continues to be committed to its central bank digital currency (CBDC) project, showing no indications of abandoning it.

06.07 / 12:39

Law Adoption Africa Digital Asset Bitcoin Namibia passes bill to regulate crypto and digital assets

Namibia has joined other African nations in embracing cryptocurrencies and digital assets by approving a bill in the National Assembly. The bill, which passed Namibia’s lower house of parliament on June 22, aims to regulate digital assets, cryptocurrencies and virtual asset service providers (VASPs) in the country.

05.07 / 16:19

Crime Charity Africa Royalties Cross-border Today in Crypto: NFT Royalties Reach Lowest Point in Two Years, Two Teens Arrested for BTC and ETH Scam, India and 18 Central Banks Discuss Using Digital Rupee for Cross-Border Payments

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

29.06 / 23:17

business Government Blockchain Adoption Africa Bitcoin Crypto offers Africans a ‘lifeline’ from inflation and corruption, say execs

While many investors in the West may look to crypto to speculate the next biggest trend, blockchain technology is actually solving “real-world problems” in Africa such as hyperinflation and "corruption," executives told Cointelegraph.

16.06 / 02:49

Blockchain Africa How blockchain technology makes it easier for Africans to upskill

The latest episode of Cointelegraph’s Hashing It Out podcast delves into how blockchain technology is changing how young Africans interact with each other. Joining host Elisha Owusu Akyaw for the conversation is Eric Annan, the CEO of Aya, a platform that uses blockchain technology to provide training and connect Africans to the job market.

10.06 / 15:57

business Binance regulation Africa Nigeria regulator halts Binance operations: Report

It has been a tough week for cryptocurrency exchange Binance. On June 9, Nigeria's securities authority reportedly deemed the exchange illegal, just days after Binance was sued by the U.S. Securities and Exchange Commission.

08.06 / 14:19

business Blockchain Adoption Africa Decentralization World Mobile eyes African rollout after decentralized wireless field tests

Decentralized wireless (DeWi) network operator World Mobile said on June 8 it has completed field tests of its DeWi technology in Kenya, Mozambique, and Nigeria, bringing it closer to a full rollout across the African continent, the company said in the announcement.

06.06 / 18:56

Blockchain Adoption regulation Sustainability Charity Africa PHILANTHROPY Standard A missing link in social giving: A SocialFi platform based on the gold standard

While social giving is seen as a key element in supporting the international development agenda, managing donations requires end-to-end clarity on the movement of funds. In its current state, donation management lacks reliable traceability features, making it difficult for donors to understand how their contributions are being used. The lack of transparency, coupled with the inefficient bureaucratic processes of cross-border fund transfers, creates a barrier that discourages potential donors from reaching out to regions in need.

02.06 / 18:29

business CBDC Africa Central Bank NOT CBDC 'may not be a compelling priority,' says Kenya's central bank

The Central Bank of Kenya received comments on a discussion paper on the potential issuance of a digital shilling, and hasn’t a definitive conclusion.

24.05 / 10:01

Government Adoption Africa IMF Bitcoin IMF optimism in Central African Republic, despite Bitcoin adoption

The Central African Republic (CAR) has received optimism from the International Monetary Fund (IMF) one year since it adopted Bitcoin (BTC). The IMF’s positive outlook reflects the country’s economic prospects and the impact of embracing the leading cryptocurrency.

10.05 / 21:51

business Adoption Web3 Africa Web3 Hub Kenya partners with Abu Dhabi's Venom Foundation to build blockchain, Web3 hub

The partnership will attempt to contribute to driving blockchain innovation in the continent’s key sectors, including finance, supply chain, agriculture, business and cross-border trade, the May 10 announcement said.

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