REGULATION | Blockchain Tokenization Platform, OwnMali, Gets Admitted into the Capital Markets Authority of Kenya Regulatory Sandbox

The Capital Markets Authority of Kenya (CMA Kenya) has admitted Infiniti n Beyond Limited into the Capital Markets Authority Regulatory Sandbox to test OwnMali, an innovative blockchain-enabled real estate tokenization…

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LIST | Canza Finance Becomes the Only African Project To Be Accepted into the Inaugural CoinMarketCap Labs Accelerator Program So Far

CoinMarketCap has announced the selection of Canza Finance as an incubatee of its new CMC Labs accelerator program making it one of a handful of companies selected for the program.…

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FUNDING | South African Web3 Marketplace, Momint, Receives $500,000 Grant Through Mzansi Web3 ICP Hub Following ~$2 Million in Marketplace Volume

South African Web3 marketplace, Momint, has secured a $50,000 grant from the DFINITY Foundation, a Swiss non-profit organization that has a focus on the research and development (R&D) of blockchain…

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REPORT | Seychelles Accounted for the Bulk of VC Funding to African Blockchain Startups in 2023 Due to Clear Regulations

Blockchain startups in Africa attracted $135.4 million in venture capital funding in 2023, representing a 72% decline from the previous year [2022]. Overall, the blockchain sector’s share of overall funding…

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REGULATION | Nigeria Police Arrest ‘Crypto Billionaire,’ BLord, on Allegations of Crypto Fraud, Terrorism Financing, and Regulation Non-Compliance

The Nigeria Police Force says it has arrested reported crypto billionaire, Linus Williams, popularly known as BLord, over alleged crypto fraud and terrorism. Force Public Relations Officer, ACP Muyiwa Adejobi,…

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MILESTONE | Over $44 Billion Transacted Through TeleBirr Since its Introduction in 2021, Says Ethiopia’s Top Telco

Ethiopian leading telco, Ethio Telecom, increased its subscriber count by 8.9% from the same period last year [2023], reaching 78.3 million, part of several positive results announced by the companu…

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REGULATION | ‘We Are on a De-Dollarisation Journey,’ Says Zimbabwe Reserve Bank Governor as Gold Reserves Rise By 30% in 100 Days

According to the new Reserve Bank of Zimbabwe Governor, John Mushayavanhu, the country now has $370 million worth of reserves in gold, increasing by 30% in the last 100 days.…

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Jambo Expands to Solana with Tether to Bring Blockchain Mobile Technology to Emerging Markets

Today, Jambo, the largest web3 mobile infrastructure bringing emerging markets on-chain, announced that it’s expanding to the Solana blockchain along with Tether to offer blockchain-enabled financial and educational technologies that…

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REPORT | Bank of Uganda to Buy Gold Locally to Boost Declining Foreign Reserves and Buffer Against ‘International Financial Markets Risks’

The Bank of Uganda (BOU) says it has initiated a Domestic Gold Purchase Program with the aims of mitigating the declining foreign currency reserves and to buffer against ‘risks in…

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REGULATION | Tanzania Stops Accepting Dollar Payments in the Tourism Sector to Stabilize the Local Currency

The Tanzania Ministry of Tourism and Natural Resources has ordered that all fees and charges in the tourism sector be paid in local currency. According to local reports, Finance Minister,…

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