Africa Financial News

22.04 / 00:25

NFT Environment Africa Wildlife conservation efforts turn to NFT-funded initiatives

Digital twin nonfungible tokens, or NFTs, aren't just reserved for consumer products anymore. Netherlands-based decentralized carbon credit exchange Coorest and conservation consulting firm PLCnetwork of the Southern Hemisphere teamed up to tokenize individual real-world endangered animals at game reserves and privately owned conservation areas in Africa. These wildlife NFTs enable holders to sponsor an elephant, lion, cheetah or rhino. Profits from the sales will go toward food, shelter and security for the animals they represent.

19.04 / 16:21

Blockchain Adoption Telegram Africa Four years on, Telegram’s blockchain project gains ground in Africa

It was 2018 when privacy-focused messaging platform Telegram announced that it was in the process of building a blockchain-based decentralized computer network technology called The Open Network (TON).

10.04 / 14:17

Government Blockchain Africa Bitcoin Here’s what’s happening in Web3 across Africa

Whatever you prefer to call it — crypto, blockchain or Web3 — this new segment of the digital economy is booming across Africa. If you’ve been sleeping on the sector, now’s a good time to wake up.

08.04 / 16:37

Blockchain Cardano education Africa Cardano/IOHK Plans to Launch the Ethiopia Student Blockchain Project in ‘Next Two Months’

A project the team behind Cardano (ADA) to equip students in Ethiopia with digital identities and credentials is moving forward, with a planned launch of the first phase set to happen “in the next two months.”

29.03 / 18:05

Ban Africa Central Bank Military With inflation going through the roof, Sudan’s central bank cautions citizens against using crypto

The Central Bank of Sudan (CBOS) cautioned the country’s citizens against dealing with “all types of cryptocurrencies” due to “the high risks” that they pose. This announcement came as a reaction to the increasing interest in digital assets among the country’s population, which has been facing three-digit inflation rates since the 2021 military coup.

25.03 / 23:55

business Adoption Conference Africa Nexo and Amber Group executives claim 'exponential' growth in crypto institutional investment

During the 8th edition of the Blockchain Africa Conference 2022, Cointelegraph's Editor-in-Chief Kristina Lucrezia Cornèr virtually moderated a panel titled "Cryptocurrency Institutional Investment: Increasing Returns and Improving Diversification." Panelists Kalin Metodiev, Co-Founder and Managing Partner at Nexo, and Dimitrios Kavvathas, Chief Strategy Officer at Amber Group, focused on the opportunities that institutional investors perceive in the blockchain and crypto space, both in Africa and globally.

22.03 / 15:11

Blockchain Adoption Africa Insurance Lemonade partners with blockchain bigwigs to combat climate change

Insurance company Lemonade has partnered with prominent blockchain companies to form the Lemonade Crypto Climate Coalition (L3C) decentralized autonomous organization (DAO) to protect farmers from climate change by offering blockchain-based insurance.

21.03 / 14:51

business Africa Bitcoin 500 Crypto users Crypto users in Africa grew by 2,500% in 2021: report

Cryptocurrency adoption in Africa is on the march, despite socioeconomic factors and headwinds. A positive report by cryptocurrency exchange KuCoin shows that crypto transactions increased by up to 2,670% in 2022.

01.03 / 08:07

business Funding Africa South African exchange raises $50M in Africa’s largest funding round

South African crypto exchange VALR has raised $50 million in a Series B equity funding round, marking the largest-ever funding for an African crypto exchange.

28.02 / 14:25

business Blockchain Africa Bitcoin One man's plan to orange pill a nation: Bitcoin Senegal

Nourou is a 29 year old Bitcoiner with a vision for his home country. A former financial analyst for a French Bank, he founded Bitcoin Senegal in late 2021.

17.02 / 17:13

cryptocurrency Africa Euronews Debates | The South Africa perspective: Can the EU & Africa reboot their relationship?

16.02 / 23:27

Africa Tourism Crisis in Ukraine Financial EU financial institutions pledge €30 billion for Africa on eve of summit

European banks and financial institutions have pledged €30 billion in investment for countries in sub-Saharan Africa on the eve of the European Union-African Union summit in Brussels.

09.02 / 00:03

Blockchain Cardano Africa network SKALE Blockchain-based internet company 3air abandons Cardano for SKALE network

Africa-focused blockchain internet company 3air has officially abandoned the Cardano blockchain in favor of SKALE, a network powered by Ethereum, after reporting a “massive talent shortage” for Haskell developers.

28.01 / 15:07

defi Investments Africa United Nations Backed stake Nigerians are among the first to take advantage of decentralized loans backed by small-stake personal cryptocurrency

Global climate change continues to challenge the world's productivity and has already badly impacted the overall ability to maintain minimum sustainable goods production in Nigeria, as well as impacting overall food security for much of the population. Today, 100 million people in Africa face multiple crises, emergencies and catastrophic levels of food insecurity - with an increase of more than 60% between 2019 and 2020. As a result, social uplift has become a key goal for Environmental, Social and Corporate Governance (ESG) impact investing and global interest under the United Nations Sustainable Development Goals (UNDP).

25.01 / 17:10

business Binance Africa Bitcoin Crypto firms ignore Africa at their peril as continent set for major adoption

Even though the digital asset market seems to be witnessing a bit of a lull at the moment, the adoption of crypto-centric tech has continued to move forward with a full head of steam globally. Africa, in particular, is a continent where a growing list of mainstream financial entities have continued to make their presence felt, as they have begun to realize that the economic opportunities presented by the region are immense.

21.01 / 20:45

business Africa Coronavirus Crypto-loving anti-vax group seeks like-minded talent to live in African 'paradise'

A group of people who have claimed they refuse to take any of the COVID-19 vaccines — at a time when the number of cases around the world is at an all-time high — is reportedly looking for a cryptocurrency expert to join them in Africa.

19.01 / 18:03

business Google Africa a16z, Google lead $20M investment in Africa Web3 game publisher Carry1st

Web3 and social games publisher Carry1st has raised $20 million in Series A funding to further expand product development in Africa — a continent that could become the premier hub for the gaming industry over the next decade.

11.01 / 15:11

Adoption Africa Bitcoin Morocco is number one for Bitcoin trading in North Africa

Estimates from Triple A, a Singaporean cryptocurrency provider and aggregator, state that 0.9 million people, or roughly 2.4% of Morocco’s total population, currently own cryptocurrency.

11.01 / 01:37

Blockchain Binance education Africa Binance sponsors AFCON to further develop crypto adoption in Africa

Monday marked the start of the TotalEnergies Africa Cup of Nations tournament — the largest men’s football championship series in Africa. At the same time, Binance announced its official partnership with the Confederation of African Football as well as its official sponsorship for the AFCON 2021 tournament, becoming the first crypto and blockchain sponsor for the event.

03.01 / 20:19

business Technology Africa Samsung Samsung uses blockchain technology to address climate change

Samsung Electronics America announced Monday at the CES tech conference in Las Vegas its partnership with veritree, a blockchain-based climate solutions platform, to plant 2 million mangrove trees in Madagascar over the next three months. Veritree uses blockchain technology to manage the reforestation process and verify each tree that is planted.

06.12 / 20:05

Ethereum Binance Africa Bitcoin Bitcoin & Ehtereum Investment Flows, FTSE Goes Crypto, Tom Brady's NFTs + More News

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

frequently asked questions about Africa

What is Africa and why is it gaining attention?

Africa is a high-demand area that is in the spotlight. On our site, we regularly publish news related to this subject.

Where can I find the latest updates on Africa?

All latest articles about Africa can be found in the special selection. We publish information as it becomes available.

How can I verify the accuracy of information on Africa?

We consult with professionals to ensure that the information about Africa is well-supported and valuable for our readers.