Crypto Asset Class About to Take Off in South Africa as the Sector Becomes Licensed and regulated
Cryptocurrencies currently form a small portion of total investment capital in South Africa managed by fund managers, wealth managers and financial advisors. However, the recent approval by the Financial Sector Conduct Authority (FSCA) of several financial service provider licences could change this. This is one of the key issues explored in a new report by…
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Tappi’s Collaboration with MTN Spurs Expansion in Cote d’Ivoire
Tappi, the end-to-end digital commerce SaaS solution tailored for Africa’s micro, small and medium-sized businesses (MSMEs), has today announced its expansion into Côte d’Ivoire. Building on its rapidly growing operations in Kenya and Nigeria, tappi’s latest country launch will feature an extension of its existing partnership with telecom giant, MTN, marking a significant step forward…
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Top Use Cases of Blockchain Technology in Africa
Beyond all the hype, blockchain technology has multiple use cases that could bring positive changes to various sectors on the African continent. Some critics dismiss blockchain technology or reduce its application to only cryptocurrencies. However, the application of blockchain tech has evolved over the years with more attempts to create real-world impacts. In this article,…
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Top 5 African Web3 Projects To Keep An Eye on in 2024
It’s almost 2024, and everyone is making projections into the new year. 2023 continued Africa’s study growth in the Web3 industry with more adoption and innovation. The list of African-owned or based Web3 projects continues to increase as various innovators find ways to use blockchain technology to fix some of the biggest issues on the…
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M-KOPA Expands to Ghana, Unlocking $10m in Credit for Customers
M-KOPA, a leading African fintech platform, today announced the official launch of its flexible digital financing model in Ghana following a successful pilot phase. The strategic move to expand its operations makes Ghana the second West African country for the company, strengthening its Pan-African footprint to provide financial and digital inclusion for underbanked customers. The…
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Turaco acquires MicroEnsure Ghana to deepen affordable insurance coverage across Africa
Turaco, Africa’s leading tech-enabled affordable insurance company, today announced the acquisition of MicroEnsure Ghana, a pioneering microinsurance company from MIC Global. Under the deal, MicroEnsure will rebrand as Turaco Ghana and retain the expertise of the existing team and leadership. The acquisition is part of Turaco’s long-term vision to provide simple and accessible insurance to…
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The State of Web3 in Ghana
Ghana is one of the bright spots in Africa’s cryptocurrency story. The West African country has often been touted as a state with immense potential and one of the candidates for major cryptocurrency adoption on the continent. In this article, the Africa Money & DeFi Summit looks at the state of the cryptocurrency industry in…
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Ugandan Fintech startup, Emata has raises $2.4M
Emata – the agricultural finance solution for East African farmers – announces on their LinkedIn page its successful completion of a $2.4 million seed fund raise, comprising $800,000 in equity and $1.6 million in on-lending capital. The fundraise was backed by African Renaissance Partners – the VC firm investing in entrepreneurs in East Africa and…
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Yellow Card and MoonPay collaborate to enhance crypto accessibility in Nigeria
In a significant move towards expanding cryptocurrency accessibility in Nigeria, Yellow Card, a pioneering African fintech company, has joined forces with MoonPay, a global leader in the cryptocurrency ecosystem. This strategic partnership aims to streamline and enhance the crypto purchasing experience for Nigerians by leveraging local bank transfers. Nigeria has emerged as a powerhouse in…
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How can DeFi power the African financial system?
The African financial system is broken and requires innovation to fix it. Despite attempts by new financial technology firms to fill the gaps that exist, the foundation of the entire ecosystem, which is traditional finance backed by government-issued currencies and institutions, has left some gaps still wide open. The creation of blockchain technology and the…
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