African Blockchain Ventures Outshine Global Funding Growth, Says Report

African Blockchain Ventures Outshine Global Funding Growth, Says Report

Blockchain technology is flourishing in Africa, with the continent becoming an ideal destination for its growth and implementation.  The latest “African Blockchain Report” by CV VC reveals that blockchain deals in Africa have raised a substantial amount of $474 million in 2022, marking a 429% increase as compared to $90 million in 2021.  This remarkable…

KES 2,000: The Magic Number for Kenyans in the World of Crypto Investment

KES 2,000: The Magic Number for Kenyans in the World of Crypto Investment

According to the 2023 digital global overview report by Meltwater, Kenyan retail investors held an average of Sh2,076 ($16.08) worth of cryptocurrencies last year, placing them at the bottom of the list of countries surveyed in terms of allocation to alternative assets.  In fact, Kenya was ranked 39 out of 40 countries on the list…

African Crypto Regulations Unveiled: What You Need to Know

African Crypto Regulations Unveiled: What You Need to Know

In recent years, cryptocurrency has gained significant traction in Africa, transforming the continent’s financial landscape.  The decentralized nature of cryptocurrencies offers opportunities for financial inclusion, economic growth, and cross-border transactions.  However, to ensure a safe and sustainable crypto environment, regulatory frameworks are essential. The Need for Regulatory Frameworks Regulations provide a framework for protecting investors,…

Central Bank Digital Currency (CBDC) in Africa: What You Need To Know

Central Bank Digital Currency (CBDC) in Africa: What You Need To Know

As the world embraces the digital age, the concept of Central Bank Digital Currency (CBDC) has gained significant traction.  CBDCs, digital representations of fiat currencies, have piqued the interest of central banks globally.  This article delves into the nuances of CBDCs, with a particular focus on Africa, exploring the potential impact, benefits, challenges, and regulatory…

Zimbabwe’s Central Bank Embraces Gold-Backed Digital Currency Solution

Zimbabwe’s Central Bank Embraces Gold-Backed Digital Currency Solution

The Reserve Bank of Zimbabwe is planning to introduce a gold-backed digital currency as a means of stabilizing the country’s local currency, which has been experiencing continued depreciation against the U.S. dollar. This government initiative aims to address currency volatility and provide Zimbabweans with a means to hedge against it. The digital gold token will…

Kenya’s Collaborative Venture with Venom Foundation Signals a New Era

Kenya’s Collaborative Venture with Venom Foundation Signals a New Era

The Kenyan government has entered into a partnership with Venom Foundation, a blockchain platform based in Abu Dhabi, to establish a blockchain and Web3 hub in Africa. This collaboration aims to drive innovation in key sectors of the continent, including finance, supply chain, agriculture, business, and cross-border trade, according to the announcement made on May…