With digital assets growing steadily as an alternative means to income and transactions in West Africa, Ghana has taken the next step in providing better crypto investigation, countering the growing rate of Virtual asset fraud. In Brief Crypto investigations in Ghana reach new heights as EOCO secures forensic licenses to trace, confiscate, and return stolen…
The Senegalese government have finally closed the curtain on its ambitious $6 billion Akon City after years of grand promises and minimal tangible progress. In Brief Senegal officially terminated the Akon City project after years of zero construction progress and multiple contract violations. Akoin’s failure to deliver real-world utility mirrored the smart city’s collapse, casting…
Nigeria’s cNGN stablecoin cracked regulatory approval through year-long SEC collaboration, choosing “collaboration over confrontation.” Built on Bantu Chain and interoperable across Ethereum, Polygon, and Base, cNGN exploded from 4,400 to 300M tokens, powering DeFi, escrow, and lending apps on Quidax, Busha, and Xend Finance. As Africa Stablecoin Consortium’s blueprint, cNGN mentors future regulated stablecoins across the continent.
In Brief The Kenya Digital Token ($KDT), endorsed by MICDE, uses Solana’s AI framework to onboard 55 million Kenyans into the digital economy. Public‑private collaboration ensures KDT balances innovation with robust oversight under Kenya’s evolving Virtual Asset Policy. KDT’s focus on AR education, pre‑installed wallets, and community incentives can transform financial inclusion in underserved regions. With…
Renowned asset exchange Quidax recently collaborated with Nigeria’s Securities and Exchange Commission to host a blockchain training series at Lagos’s prestigious Capital Club. The two-day event brought together key players within commercial banks, asset management firms and other financial sectors, underscoring how vital digital assets are, now more than ever. In Brief The blockchain training…
Visa positions Francophone Africa fintech growth as emerging alternative to Anglophone giants, deploying $1 billion across 17 nations targeting Dakar, Cotonou, Abidjan. Loïc Aplogan: “We’re not just writing checks; We’re co-developing, iterating, and scaling what works.” Co-creation model partners with local fintechs (JUMU in Côte d’Ivoire) to develop mobile-first payment solutions as 60% of West Africa’s population under 25 drives digital-first expectations. “Follow the User” strategy meets consumers where mobility and digital payments provide financial access.
Tether partners with Zanzibar eGaz on blockchain education program co-developing developer workshops covering Bitcoin utility, stablecoin mechanisms, real-world solutions for local challenges. USDT/XAU₮ integration into Zanmalipo government payment gateway targets national transaction transformation.
Paolo Ardoino: “Reflects commitment to advancing financial literacy and sustainable blockchain innovation in Africa.”
Previous initiatives: Guinea Innovation City, Quidax (15,000+ Nigerians/Ghanaians), Yellow Card campus tours. Stablecoins reach 50% of Africa’s crypto volume. Regulatory sandbox, academic alliances with institutions foster scalable ecosystem.
Xend Finance revolutionizes access: partner with AXA Finance for 21-22% annual returns in Nigerian money markets via cNGN stablecoin. International investors swap USDT to cNGN on Asset Chain, invest on-chain, bypassing conversion hassles and P2P fraud. Solves fragmentation in markets where stablecoins = 43% of transactions. Smart contracts ensure speed, transparency, security. CEO Aronu’s mission: bridge global liquidity to high-yield local opportunities while fostering inclusion. Africa’s answer, built by Africans.
In Brief The MiniPay Ecosystem reached over 8M wallets and 224M+ transactions, demonstrating robust African stablecoin adoption. Innovative features like external transfers and Cash 3.0 top‑ups simplify real‑world crypto use for users. MiniPay Mini Apps and Mento rewards fuel community growth and incentivize on‑chain engagement. The Second quarter of 2025 has wrapped up nicely, with Africa’s…
In Brief The CDP Summer Builder grant (crypto developer grant) offers up to $30K to African teams building blockchain apps with Base’s wallet, onramp, or swap API tools. Applicants must show real utility, strong MVPs, and deep CDP integration to qualify for funding. This grant boosts Africa’s Web3 growth by supporting impactful, real-world blockchain innovations….
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