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PRESS RELEASE | Ripple Brings Institutional Digital Asset Custody to South Africa in Partnership with One of Africa’s Leading Financial Institutions
Ripple, the leading provider of digital asset infrastructure for financial institutions, today announced a strategic partnership with Absa Bank to provide digital asset custody to the bank’s customers in South Africa. Through the partnership, Absa will leverage Ripple’s institutional-grade digital a
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LIST | 2 Out of 16 African Startups Selected for 2023 Techcrunch Startup Battlefield 200 are Leveraging Blockchain
A total of 16 African startups are part of 200 startups that will be showcasing their products at the TechCrunch 2023 Startup Battlefield, described as an invitation-only cohort of game-changing early-stage startups.
Out of the 16, two of the startups are leveraging blockchain as the technology
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INTRODUCING | StarkWare (Starknet) Unveils $4 Million Venture Fund for Blockchain Startups in Africa
StarkWare has launched a $4 million venture fund to support blockchain startups in Africa, focusing on early-stage projects deploying on Starknet. Led by Kheireddine Kamal, the fund targets regions with high blockchain adoption potential, offering grants up to $150,000 and investments up to $500,000.
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PRESS RELEASE | South African Crypto Exchange, VALR, Launches Crypto Bundles Starting with a Portfolio of the Top 10 Crypto Assets
VALR, South Africa’s largest crypto exchange by trading volume, today announced the launch of Crypto Bundles, designed to simplify diversified investing in crypto assets.
Starting with the VALR10 bundle – a market cap-weighted portfolio of the top 10 crypto assets listed on VALR, excluding
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CALL FOR APPLICATIONS | [DEADLINE: FEBRUARY 29 2024] Ghana Startups Invited to Apply for UNICEF Startup Lab Accelerator
The UNICEF StartUp Lab is a six-month accelerator in Ghana for startups focused on the Sustainable Development Goals benefiting children and youth. It offers mentorship, funding, and expertise, targeting operational businesses that use technology for social impact.
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FUNDING | Egyptian Fintech, DoPay, Raises $13.5 Million Series A Extension Following ‘True Hockey Stick Trajectory Growth’
Egyptian fintech startup DoPay has secured $13.5 million in Series A extension funding to enhance its digital payroll platform for unbanked workers. This funding will support expansion in Egypt, promote financial inclusion, and launch new services.
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NORTH AFRICA | The MetaMask ‘Buy Sell’ Feature Expands Integration with Egypt’s Vodafone Cash
MetaMask has launched a 'sell' feature in its mobile app, allowing users to easily exchange crypto for cash, including options like Vodafone Cash in Egypt. This new addition simplifies transactions while reducing fees and enhancing speed.
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CBDC | The eCedi is Token-based and Built on the Hedera Hashgraph Network, Says Bank of Ghana
The Bank of Ghana is developing its CBDC, eCedi, using a token-based model on the Hedera Hashgraph network, differentiating it from other CBDCs like eNaira. The eCedi allows offline access and will be distributed through banks and merchants. An eCedi hackathon is also scheduled for Fall 2023 to foster innovation.
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REPORT | Majority of Kenyans Borrowed Digitally to Finance Education in H1 2024, Says Tala Survey
A survey by Tala reveals that education drives borrowing needs for Kenyans, with digital credit aiding income gaps. While inflation has eased, 56% still cut expenses, reflecting improved financial well-being.
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[DEADLINE: JULY 21, 2022] The Central Bank of Nigeria Announces eNaira Hackathon for All Africans
The Central Bank of Nigeria and Africa Fintech Foundry have launched the eNaira hackathon, inviting tech enthusiasts to create innovative solutions for improving the digital currency's adoption, focusing on areas like remittances and financial inclusion.
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