News about AFRICA

News about Africa

Quidax Unveils One of Africa’s Biggest Music Producers as Its Brand Ambassador and Announces the Launch of Its Crypto Academy

PRESS RELEASE. At a press conference last week, African founded cryptocurrency exchange, Quidax announced that it will be collaborating with popular record producer, Micheal Collins popularly known as Don Jazzy. The crypto start-up had launched an on...

Insurance Company Creates Blockchains Smart Contracts | DAO Supporting Vulnerable African Farmers

Crypto & Blockchains have come to the aid globally to less fortunate farmers....check it out! https://propywire.com/insurance-company-creates-blockchains-smart-contracts-dao-supporting-vulnerable-african-farmers/ submitted by /u/Re...

Report: Number of African Cryptocurrency Users up by Nearly 2,500%

The number of cryptocurrency users in Africa grew by almost 2,500% between January 2021 and January 2022, while the average number of monthly transactions went up by 1,400%, a new report by Kucoin has said. Widespread Adoption of Cryptocurrencie...

Number of crypto users in Africa grew 2500% last year

Africa is becoming increasingly popular for cryptocurrencies like bitcoin (BTC) and ethereum (ETH). In fact, a new research report from cryptocurrency exchange KuCoin reports that the number of crypto users and transactions will have skyrocketed in A...

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.An astonishing growth trend, the stee...

Crypto Exchange FTX Partners With AZA Finance ‘to Expand the Adoption of Web3 and Digital Currencies in Africa’

Sam Bankman-Fried’s FTX is partnering with AZA Finance to expand the use of digital currencies and Web3 in Africa. Through this arrangement, the two companies will also work to “onboard African NFTs and artists onto the FTX NFT mark...

Crypto Exchange FTX Expands Business to Africa, Partnering Kenyan Fintech Firm AZA Finance

To expand its global footprint and presence on African soil, top-notch cryptocurrency exchange FTX has with AZA Finance, a Kenyan-based fintech company. Through the strategic partnership, FTX seeks to enhance the use of Web3 and in Africa by off...

‘We don’t like our money’: The story of the CFA and Bitcoin in Africa

Nearly 150 million people use the franc of the Financial Community of Africa (CFA) on a daily basis, from Senegal in the extreme west to Gabon in the center of the continent.Used in 14 countries, the CFA franc is pegged to the euro, printed in France...

Africa’s Favorite Orange Electric Motorcycle

As sub-Saharan Africa develops, it is becoming increasingly dependent on transportation services – worker and leisure commutes, freight and industrial material transportation, and other movement activities involved in building emerging economies are...

Report: Africa Fintech Startups Raised $2 Billion in 2021

Africa’s fintech startups are reported to have raised $2 billion in the past year alone. This amount dwarfs the $231 million that was raised in the year 2020. Nigerian startups continue to account for the biggest share of funds raised by the c...

African Crypto Startup, Basqet Launches Payment Gateway to Enable Businesses Accept Bitcoin – Goes Live With 118 Businesses and $1.3 Million in Transaction Volume

PRESS RELEASE. Recently, blockchain payments startup Basqet announced the launch of its cryptocurrency payments gateway which will allow businesses to accept Bitcoin and other cryptocurrencies as payment. Basqet said it is launching a publ...

Quidax Becomes the First African Crypto Exchange to be Listed on CoinMarketCap

PRESS RELEASE. Last week Africa founded cryptocurrency exchange, Quidax, announced that its crypto markets had been listed on CoinMarketCap, the world’s most-referenced price-tracking website for crypto assets in the rapidly growing cryptocurr...

Mama Bitcoin: Fishing for female empowerment with crypto in West Africa

Mama Bitcoin is the pseudonym claimed by a young Senegalese Bitcoiner called Bineta. Her business, Bleu comme la mer, was the first retailer in Senegal (and possibly West Africa) to accept crypto as payment. She’s also the first generation of her fam...

South African Regulator Explains Why It Has Been Targeting Global Crypto Exchanges

Brandon Topham, the head of enforcement at South Africa’s financial sector regulator, has insisted that his organization has not issued warnings to some global exchanges because they deal in crypto. Rather, the warnings have been made because...

Experts weigh in on new crypto regulations in South Africa

As part of a series of amendments to South Africa’s financial laws, crypto-asset service providers will become accountable institutions. A report from the South African Treasury announced further crypto regulations “to be finalized during 2022.”In br...

South African Crypto Exchange Valr Raises $50 Million in Series B Funding Round

South African cryptocurrency exchange Valr announced recently that it has raised $50 million in a Series B round led by Pantera Capital. The capital raise means Valr is now valued at a reported $240 million. Funds Raised to Finance Valr’...

South African Mobile Network Operator MTN Buys Land in the Metaverse

Mobile network operator MTN recently staked claim to its status as one of the first South African companies to enter the metaverse, after it purchased 144 plots of digital land in the virtual world Ubuntuland for an undisclosed amount. MTN Seeks...

South African Exchange VALR Raises $50M Series B, Embrace the Largest Funding Round in Africa

Johannesburg, South Africa-based crypto exchange VALR, has secured a $50 million (over 750 million Rand) Series B round led by Pantera Capital. It is the largest ever cryptocurrency funding round in Africa, raising $50 million, and the exchange is...

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.With this latest round of funding, VALR’s valuation has increased to $240 million, a 10X in...

Cardano Launches Lending Platform Test in Africa, Aims for Full Rollout in Near Term

submitted by /u/ChemicalGreek [link] [comments]

How Orange Bikes are Changing Africa

After a steep contraction resulting from the COVID-19 pandemic, sub-Saharan economies are expanding, leading to a boom in the logistics sector as the need for transportation rises. However, more than half of active vehicles in the region are ineffic...

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