Africa Archives

Nigeria SEC weighing allowing tokenized assets, ‘but not crypto’

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2 May, 2023

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...

Solving lack of financial inclusion in Africa with Wleepay

Interviews

Claire Celdran

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27 April, 2023

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...

Africa: Blockchain startups sees 429% surge in funding in 2022

Business

Steve Kaaru

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27 April, 2023

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...

Nigeria’s Roqqu exchange secures regulatory nod in South Africa

Business

Steve Kaaru

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25 April, 2023

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...

Nigerian stablecoin payments startup Lazerpay shuts down

Business

Steve Kaaru

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19 April, 2023

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,...

Zambia’s digital asset regulation tests to end in June

Business

Steve Kaaru

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16 April, 2023

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...

Kenya views digital currencies as securities under incoming legislation

Business

Wahid Pessarlay

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14 April, 2023

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...

Central African Republic postpones exchange listing for Sango Coin

Business

Steve Kaaru

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4 April, 2023

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...

Egypt arrests 29 allegedly involved in $620K HoggPool digital asset scam

Business

Steve Kaaru

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8 March, 2023

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...

Central African Republic’s Sango Coin hit with deposit issues

Business

Steve Kaaru

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3 March, 2023

Central African Republic’s Sango Coin hit with deposit issues

Sango Coin’s tech team announced that it’s working to restore deposits even as the Central African Republic’s digital currency venture...

Nigeria’s economy grinding to a halt due to cash shortage—is time for Bitcoin?

Business

Steve Kaaru

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8 February, 2023

Nigeria’s economy grinding to a halt due to cash shortage—is time for Bitcoin?

Nigeria is replacing its paper money with redesigned currency notes, and with people queueing for hours just to get $43,...

Nigeria’s central bank launches fintech regulatory sandbox

Business

Steve Kaaru

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2 February, 2023

Nigeria’s central bank launches fintech regulatory sandbox

The Central Bank of Nigeria has called on innovators in the fintech space to apply with the recently launched regulatory...

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