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…
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…
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…
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…