Central Africa Republic Crypto Hub Won’t Receive World Bank Support.
The World Bank has expressed its concerns over the Central African Republic (CAR) adopting Bitcoin (BTC) as a legal currency noting that it won’t back the newly announced “Sango” crypto hub. At the end of April, CAR president Faustin-Archange Touadéra…
Metaverse To Add $40 Billion Into Africa’s Economy; Meta Predicts.
Metaverse growth projections released recently by Analysis Group, a research company contracted by Meta, indicate that the metaverse will pump an additional $40 billion into sub-Saharan Africa’s gross domestic product (GDP) in a decade’s time. There is one major caveat though according…
Venture Funding For African Crypto Start-ups Multiplied By Near A Dozen.
According to a new report by blockchain-investment firm Crypto Valley Venture Capital (CV VC) and Standard Bank, more venture funding flowed into the Africa in 2022’s first quarter compared to the first quarter of 2021 as crypto and blockchain adoption…
List Of Top 20 African Countries With The Most Expensive Mobile Internet Data Price.
Telecommunication companies in Nigeria, wrote to the Nigerian Communications Commission (NCC) to demand an upward review of the prices of data, call and SMS; citing higher cost of doing business. The request did not go well with Nigerian consumers. The…
Crypto Users Grew By 2,500% In Africa: Report Shows.
Cryptocurrency adoption in Africa is growing at a high speed , despite regulatory obstructions, report by cryptocurrency exchange KuCoin shows that crypto transactions increased by up to 2,670% in 2022. An astonishing growth trend, the steep influx relates to the low values…
African Fintech Platform, Sudo Africa Providing API For Developers Raises $3.7 Pre-seed Funding.
A fintech platform that provides a card-issuing API for developers and businesses in Nigeria, Sudo Africa has raised $3.7 million in pre-seed funding. San Francisco-based Global Founders Capital (GFC) led the round. Participating VCs include Picus Capital, LoftyInc Capital, Rallycap Ventures, Kepple…
Beware! Mercury Bank Restricts Accounts Linked To African Startups.
Mercury Bank, a digital bank headquartered in San Francisco, designed as bank for startups, has restricted the accounts of startups linked to the African continent, as the CEO, Immad Akhund, claimed that the restriction was due to ‘unusual activity’. Upon further…
Crypto Startups Receives More Funding In January More Than Annual Funding For Other Startups In Africa.
Although 2021 recorded highest growth investments in crypto startups, January 2022 data shows that high rate of capital inflow this year is set to break 2021 record. Financial Report on January 2022 shows that crypto startups have raised nearly $5…
Google Reveals First Beneficiary of Investment Fund For Africa Startups
Following the call for African startup to participate in Google Investment Fund for Africa, it has announced its first investment in SafeBoda, a tech firm that operates in Nigeria and Uganda. According to Punch news report, It said in a…
Africa Crypto Venture Capital To Build Blockchain Accelerator For African Start-ups.
African blockchain disruptors and early-stage startups have joined CV Labs Global Incubation Program Batch_03. The African contingent of incubatees is reflective of Crypto Valley Venture Capital’s (CV VC) global investment strategy, to invest in blockchains’ wider applicability to solving problems…