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AFRICAN NEWS

Nelson Mandela Foundation Embraces NFTs for Fundraising Initiatives

The Nelson Mandela Foundation (NMF) has embraced the use of non-fungible tokens (NFTs) as a means of raising funds for its endeavors, as reported in South Africa. NFTs are distinct...
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Kenya’s Proposed Cryptocurrency Tax Compared to Binance’s Trading Fees

A comparison between Kenya’s proposed 3% tax on cryptocurrencies and Binance’s 0.10% trading fee reveals a stark difference in costs for traders. Kenya’s move towards cryptocurrency regulation began in November,...
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Nigeria approves national blockchain policy to transition to digital economy

Nigeria has taken a significant step towards transitioning to a digital economy by approving a national blockchain policy. The policy was developed by the Federal Ministry of Communications and Digital...
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Nigerian crypto exchange Patricia partners with Revolut to offer limitless cryptocurrency transactions in multiple currencies

Patricia, a company focused on making cryptocurrency transactions accessible to everyone, has announced a partnership with Revolut, a UK-based fintech giant. The partnership will allow crypto enthusiasts worldwide to make...
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Kenya Adopts New Regulations to Tax Cryptocurrency Exchanges for Commissions

Kenya is set to tax cryptocurrency exchanges for the commissions they receive from over four million people dealing in digital currencies in the country, if newly proposed regulations are adopted....
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Zimbabwe to Introduce Gold-Backed Digital Currency to Stabilize Local Unit

Zimbabwe is set to introduce a gold-backed digital currency in an effort to stabilize its local unit, which has been facing continued depreciation against the US dollar, according to central...
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Nigerian crypto exchange, Roqqu Receives Regulatory Approval for South African Operations

Roqqu, a Nigerian cryptocurrency exchange, has obtained regulatory approval to operate in South Africa, allowing it to provide on and off-ramps to the South African rand currency. This approval enables...
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Lazerpay, African Crypto Payment Startup, Shuts Down Due to Funding Issues

Lazerpay, a web3 and crypto payment company, is shutting down due to a lack of funding. The founder, Njoku Emmanuel, shared a statement on Twitter explaining that the company had...
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Flutterwave Denies Claims of Additional Data Breaches Despite Allegations from Multiple Sources

Tech news outlet TechCabal has reported that Nigerian payments startup Flutterwave may have experienced a second and third data breach, citing claims from three sources. The possible breaches are believed...
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Access Bank Nigeria and MFS Africa Partner to Expand Cross-Border Payments in Africa”

MFS Africa, the largest digital payments network in Africa, has partnered with Access Bank, Nigeria’s largest bank, to enable real-time and cost-effective cross-border payments. The partnership aims to facilitate financial...
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