PARTNERSHIP | Award-Winning Global Tech Company, Soramitsu, Partners with Nigerian Public Policy Think Tank, NISER, to Deepen Capacity and Implement Innovative Projects Using Blockchain

Soramitsu and the Nigerian Institute of Social and Economic Research (NISER) have entered into a strategic partnership for the promotion of blockchain technology research, capacity building, and application in Nigeria.…

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REPORT | Nigeria Dominates Emerging Markets Globally in Stablecoin Use, Says a September 2024 YouGuv Survey

Accessing cryptocurrency remains the primary use case for stablecoins in emerging markets, accounting for 50% of stablecoin use. However, accessing dollars closely follows at 47%, with generating yield ranking third…

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TOKENIZATION | South African Reverse Mortgage Provider, Water Financial, Issues $1.6 Million Capital Raise in Tokenized Assets on the Stellar Blockchain

Water Financial, a South African reverse mortgage provider, has issued a $1.6 million (30 million Rand) capital raise facilitated by Mesh.trade, a tokenised financial assets exchange. The exchange issued 30,000…

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USE CASE | How South Africa’s 80Eight is Using Crypto as a Business Enabler to Transform SME Growth in Africa

80Eight, a dynamic public company based in Johannesburg, South Africa, is transforming the landscape for small and medium-sized enterprises (SMEs) across Africa by integrating cryptocurrency into their business operations. Established…

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REPORT | Nigeria Ranked 2nd Globally in DeFi and the Only African Country in Top 20 by Chainalysis 2024 Crypto Adoption Index

Nigeria was the only African country that made it to the top 20 in Chainalysis’ latest 2024 Crypto Adoption Index. The West African nation emerged 2nd in the index after…

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FUNDING | Egyptian Fintech, Paymob, Raises Additional $22 million in Series B Extension for MENA Expansion After 6x Growth in Egypt

Egyptian financial services provider, PayMob, has secured an additional $22 million in funding to its series B round. The round was led by EBRD Venture Capital, with participation from: Endeavor…

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FINTECH AFRICA | Nigerian Investment Fintech, Risevest, Acquires Hisa, a Kenyan Investment Fintech Startup

Kenyan investment app, Hisa, has been acquired by Risevest, a similar but more established venture in Nigeria.   “Excited to share that Hisa has been acquired by Risevest,” announced Hisa…

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REGULATION | ‘We Will Not Allow Unlicensed Crypto Businesses to Operate Within Our Space,’ Warns SEC Nigeria

The Nigeria Securities Exchange Commission (SEC Nigeria) Chief says the authority will be taking action on entities operating outside of its regulatory purview.   “We are certainly going to commence…

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