Forex trading in South Africa has grown exponentially, spurred on by greater access to online trading, more investment knowledge amongst retail traders, and a proliferation of both offshore and local ...
Tag: Africa
Nigeria Issues Crypto Asset Rules In A Move That Could Boost Adoption
Nigeria’s Securities Exchange Commission has issued new rules that apply to all crypto product and … [+] service providers in the country. The latest development could legitimize and boost...
South Africa’s economy threatening downturn
DURBAN, South Africa – April 16, 2022: Massive debris at the Durban harbor following heavy rains, mudslides, rain and winds in Durban. The harbour serves as a bulwark for the economy of the city...
Online Retail Forex: Where Does Africa Stand?
Exchange of foreign currencies for international trading is not new to Africa. However, broker-powered online retail forex trading only emerged recently. From Egypt in Northern Africa to South Africa ...
Mara Raises $23 Million from Coinbase, Alameda to Drive Crypto across Africa
Pan-African crypto exchange Mara announced on Wednesday that it has raised $23 million in funding to build a trading platform designed for Africans. The Nigeria and Kenya based firm said that the fund...
Coinbase-Backed MARA Raises $23 Million To Build A Strategic African Crypto Exchange
Mara wants to build a pan-African crypto exchange that sits in the gap between regulators and crypto … [+] users to help drive crypto and blockchain adoption in Africa. MARA The last few years h...
Web 3 Startup Jambo Looks to Be WeChat of Africa
African startup Jambo is looking to emulate the success of Tencent’s WeChat in onboarding Africa onto its planned Web3 social and commerce hub. James and Alice Zhang, siblings, hailing from the Democr...
NEAR Foundation Sets Up a Regional Hub in Kenya, Boosting Blockchain Innovation in Africa
To trigger talent development, education, and blockchain innovation on African soil, NEAR Foundation, has launched a regional hub in Kenya in collaboration with Sankore, an African-focused blockchain ...
CAR’s adoption of Bitcoin not taken firmly by Central banks in Africa
Bitcoin adopted by the Central African Republic has not been taken well by banks The legislative leader of the Bank of Central African States has given a searing letter to the Central African Republi...
Bitcoin’s adoption by the CAR in Africa could be dterimental for the economy
Bitcoin is now adopted by the Central African Republic which might be detrimental The reception of it may be considered as something lawfully delicate A few monetary experts in Africa have brought up ...
Golfers in Europe and Africa want to receive payments in BTC
Top golfers have been analyzing the crypto market and how it is growing in popularity. According to reports, the exchange Luno signed a sponsorship contract for the 2022 golf season where they will be...
Top golfers from Africa and Europe eye lucrative Bitcoin payouts
Leading golfers from Africa and Europe have eyed lucrative Bitcoin payouts unveiled towards the end of the 2022 season. After a new sponsorship deal for South Africa’s Sunshine Tour, the payouts will ...
Central African Republic, Bitcoin adoption risky for IMF
The decision taken a few weeks ago by the Central African Republic (CAR) has been described as risky according to the IMF. CAR had announced that it was adopting Bitcoin as legal tender, alongside th...
Binance Provides Blockchain Education to Francophone Africa, Narrowing the Financial Gap
To offer lifelong financial and career development to French-speaking Africans, leading crypto exchange Binance is offering blockchain education in Cameroon and Francophone Africa. Binance has been ca...
Crypto.com hires Visa alum as new VP of policy for Europe, the Middle East and Africa
Exchange and service provider Crypto.com has hired Visa’s Head of regulatory affairs for Europe as its new Vice President, Policy and Engagement for Europe, the Middle East and Africa (EMEA). R...
Digital Assets And African Markets
Opportunities to invest in Africa have been missed in every cycle, as investor fear over the unknown outweighs market fundamentals and clear signs of growth. While there is definitely risk and volatil...
How Crypto is Contributing to Environmental sustainability in Africa
Coming out of the COVID pandemic, sub-Saharan Africa is defying the odds with an explosive level of economic growth that has been unseen for decades. With more people moving about and more goods needi...
Africa’s First Black Billionaire Motsepe Says Best Entrepreneurs Exude Musk-esque Confidence
Topline The most successful entrepreneurs boast a belief in their businesses that can border on arrogance—like that of the world’s wealthiest man, Elon Musk—Africa’s first black billionaire Patrice Mo...
Biden’s New Ukraine Plan Could Be A Good Solution For Others Also
U.S. President Joe Biden speaks on U.S. assistance to Ukraine. (Photo by Alex Wong/Getty Images) Getty Images President Biden’s recent announcement of his Uniting for Ukraine plan to help some of the ...
The Scale And Challenges Facing Bitcoin Adoption In Africa Today
Bitcoin adoption implies that it will be accepted as sound money all over the world. A truly decentralized asset that can be used to securely transfer and store value. Africa is lagging behind in term...
Four years on, Telegram’s blockchain project gains ground in Africa
It was 2018 when privacy-focused messaging platform Telegram announced that it was in the process of building a blockchain-based decentralized computer network technology called The Open Network (TON)...
America Is Losing Its Allure To Tourists And Migrants And Hollywood Has To Take Some Of The Blame
NEW YORK, NY – JUNE 06: Rose petals drop over the Statue of Liberty during the Commemorating 70th … [+] Anniversary of D-Day on June 06, 2014 in New York City. Three helicopters have showe...
Nestle Rolls Out First NFTs in the Middle East & North Africa for a Humanitarian Cause
Nestle, a Swiss multinational food and drink processing conglomerate, has launched an exclusive limited series of two non-fungible tokens (NFTs) called TRIX Globe for a charitable cause in the Middle ...
WHO tracks omicron BA.4 and BA.5 subvariants as they spread through Africa and Europe
Omicron subvariants BA.4 and BA.5 are circulating at low levels in several countries within Southern Africa and Europe, according to the World Health Organization. The two subvariants of the highly c...
Russia should use crypto for payments with Africa, commerce exec says
An executive at Russia’s Chamber of Commerce and Industry has called on the government to conduct cross-border settlements in cryptocurrencies and central bank digital currencies (CBDCs). Chamber Pres...
Russian Chamber of Commerce Suggests Using Cryptocurrencies in Settlements With Africa – Bitcoin News
Employing crypto in cross-border payments is one of the proposals put forward by the Russian Chamber Of Commerce lobbying for more cooperation with African countries. Amid unprecedented sanctions limi...
TON Foundation in Talks to Launch Stablecoins in Central Africa
Africa’s position as a global leader in crypto adoption could get a boost if efforts to launch a stablecoin in Central Africa succeed. The TON Foundation is in talks with governments in Central Africa...
Index Africa announces blockchain philanthropy initiative
Index Africa says it is using part of the proceeds of the fees and indexing rewards earned from being a blockchain node operator on The Graph network to finance philanthropic initiatives in rural area...
Telegram’s TON In Talks With Three African Countries To Launch Stablecoins
TON Blockchain is working with Cameroon, the Democratic Republic of Congo (DRC) and the Republic of … [+] Congo to launch crypto p2p payments on Telegram. getty Africa has been widely reported a...
Web3, Blockchain and crypto developments in Africa
Crypto, blockchain or Web3 is the new section of the advanced economy across Africa This moment’s a decent opportunity to awaken and invest in crypto Africa Investment firms, award funders, legislat...
Nexum Foundation/HBK DOP Partners With The Climate Group Africa
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Here’s what’s happening in Web3 across Africa
Whatever you prefer to call it — crypto, blockchain or Web3 — this new segment of the digital economy is booming across Africa. If you’ve been sleeping on the sector, now’s a good time to wake up. Why...