Web3 Africa | Blockchain, Crypto & Web3 News Across Africa

Investor Optimism Returns At CV Summit 2024 Blockchain Startup Event

KenMichaelsMay 9, 2024October 2, 202508 mins

TL;DR, CV Summit in Cape Town attracted over 250 attendees at Watershed Workshop 17, with Crypto Valley VC launching an Africa Fund targeting 200,000−200,000−500,000 investments for blockchain startups. African blockchain ecosystem shows recovery from 2022 crypto winter as investors focus on sustainable business models. B2B payment systems, cross-border settlements, and compliance-focused blockchain solutions attracted the most…

Africa’s Web3 On-Ramp: The Best Blockchain Courses, Bootcamps, and Degrees

KenMichaelsMay 1, 2024July 30, 2026015 mins

TL;DR, Power Learn Project aims to train 1 million software developers in Africa by 2027 through cutting-edge blockchain courses and partnerships with entities like EMURGO Africa. African universities from Nigeria to South Africa are integrating blockchain into curricula, while organizations like ABC, Bithub Africa, and Web3Bridge fill gaps through specialized bootcamps and developer…

South Africa Issues Historic Crypto Licences to Seventy Five Companies

KenMichaelsApril 27, 2024July 29, 2026010 mins

TL:DR, South Africa issued 75 crypto licences under FAIS Act: 71 Category I, 33 Category II, 3 Category IIA, with notable companies like Revix approved but Binance absent. Revix is among the CASPs that received their crypto licences under its incorporated name, RVX SA Capital (pty) Limited. We expect South Africa to be a hotbed of innovation…

Fake CBN Directive Sparks Panic in Nigeria’s Crypto Community

KenMichaelsApril 25, 2024July 29, 202609 mins

TL;DR, Nigeria’s central bank officially denied issuing any fake CBN directive targeting crypto exchanges after documents circulated online claiming to freeze accounts linked to digital assets. The controversy revealed knowledge gaps in Nigeria’s crypto community, emphasizing the importance of verifying information through official channels rather than social media. The real action was a separate, court-approved…

How Web3 Is Revolutionizing African Financial Services Today.

KenMichaelsApril 23, 2024November 2, 2025014 mins

TL;DR, Stablecoins cut average $200 remittance costs 60%, accelerating African Financial Services adoption. Open Web3 rails enable faster, cheaper, transparent payments and on-chain credit across cards, mobile money, and stablecoins. Real players—Flutterwave, Yellow Card, Pezesha, Bitsika—prove programmable money is scaling inclusion and SME lending across the continent. Web3 and its numerous applications are…

Inter-agency coordination strengthens Nigeria’s crypto regulation and market integrity framework

KenMichaelsApril 19, 2024November 2, 202509 mins

TL;DR, CBN names SEC lead for crypto regulation, marking a shift from the Feb 5, 2021 bank-crypto ban and realigning with SEC’s Sept 14, 2020 guidelines. Binance-related pressures spurred clarity; the SEC leads while CBN coordinates with EFCC and ONSA to strengthen enforcement and market integrity. This shift aligns Nigeria with global trends,…

Nadeem Anjarwalla on the Run: Inside the Shocking Nigeria Prison Break

KenMichaelsApril 19, 2024November 25, 202509 mins

TL;DR, The Central Bank flagged $26 billion in untraceable transactions linked to Binance operations, intensifying the government probe into Nadeem Anjarwalla before his escape. Following a mysterious breach of custody, Nigerian authorities have charged Binance with tax evasion and enlisted Interpol to issue an international warrant for the fleeing regional manager. This incident highlights the…

How South Africa Built Africa’s Most Trusted Crypto Framework

KenMichaelsApril 13, 2024July 30, 2026020 mins

South Africa didn’t write new crypto laws, it integrated digital assets into existing financial frameworks. Now 300 licensed providers serve 6M users.

Zimbabwe ZiG Currency: Gold-Backed Fiat Replaces Digital Token Plans

KenMichaelsApril 11, 2024August 27, 202508 mins

TL:DR, Zimbabwe’s ZiG currency launches as physical gold-backed money, with 2.6 tonnes gold reserves backing 1.1 billion ZiG units, replacing previous digital token plans in April Zimbabwe abandoned its digital currency ambitions, converting gold-backed digital tokens into physical ZiG notes and coins valued at international gold prices. One ZiG is equivalent to 1 mg of gold, with…

How Web3 Solves Medical Data Privacy and Pharmaceutical Counterfeit Problems

KenMichaelsApril 5, 2024January 15, 2026016 mins

Web3 healthcare leverages blockchain technology to secure medical records, prevent pharmaceutical counterfeiting, and enable digital surgery across Africa.

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