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Nigerian crypto exchange Roqqu received the green light to operate in South Africa, providing on and off-ramps to South Africa’s Rand currency. Go to Source Powered by WPeMatico
Africa witnessed a 429% YoY increase in venture funding in 2022, with the majority of funding coming from Seychelles and South Africa. Go to Source Powered by WPeMatico
Zambia is set to complete real-life crypto usage simulations by the end of June, Felix Mutati, the country’s science and technology minister has said. The Zambian minister said his country is seeking a balance between innovation and consumer protection. Zambia Needs to Build Digital Infrastructure Before It Introduces Crypto According to the Zambian minister of … Read more
Nigerian economic experts have said the country’s five-year-old currency swap agreement with China has not eased the pressure against the Nigerian currency. According to one expert, implementation of the swap arrangement is being held back by the size of the trade imbalance between Nigeria and China Easing Pressure on the Naira According to experts on … Read more
African users of the bitcoin gaming and payments app Zebedee will now be rewarded in the form of satoshis when they play games or when they listen to podcasts. In addition to being able to convert their rewards into local currencies, African users of the Zebedee app can use it to make cross-border payments. Converting … Read more
The Nigerian crypto and Web3 startup Lazerpay announced on April 13 that it will cease operations. Co-founder and CEO Njoku Emmanuel said the decision to cease operations was made after Lazerpay failed to successfully close a funding round. The CEO also said he is ready to listen to offers from companies that may want to … Read more
DeFi-based financial inclusion serves as a method to increase liquidity and earning opportunities for African micro-entrepreneurs through Fonbank’s partnership with Tanda. Go to Source Powered by WPeMatico
According to Zambia Tech Minister Felix Mutati, the country needs digital identities and other necessary digital infrastructures before it introduces crypto. Go to Source Powered by WPeMatico
The Bitcoin gaming economy gets a boost from Zebedee’s expansion into Africa, complementing its Brazil and Philippines operations. Go to Source Powered by WPeMatico
Between 2019 and 2022, the value of foreign capital that flowed into Nigeria dropped from $23.9 billion to $5.32 billion. The drop has been attributed to low investor confidence, the high cost of doing business, as well as the country’s high inflation rate. Nigeria will “struggle to keep the naira to the dollar exchange rate … Read more
