Crypto Grows in Africa and MENA as Shield Against Inflation
Bitcoin remains the most dominant cryptocurrency in Sub-Saharan Africa, while rising inflation makes Turkey the fourth country worldwide in raw crypto transaction volume rating.
Kenya
Roam Introduces EV Bus to Transform Public Transport in Kenya
Roam’s new shuttle EV bus model Move continues to push for the adoption of electric vehicles in Kenya.
Kenyan President Showcases Africa as Climate Financing Opportunity
Kenyan President William Ruto opened the first climate summit in Africa, drawing hundreds of millions of dollars in climate financing pledges
Kenya to Suspend Sam Altman’s Worldcoin
The Kenyan government is concerned about Worldcoin, the cryptocurrency of OpenAI founder Sam Altman.
Worldcoin Wallet App Surpasses 1M Downloads
Worldcoin’s World App exceeds one million wallets, while 346,568 wallets are already holding Worldcoin (WLD) tokens
Flutterwave scandal
Nigerian fintech unicorn, Flutterwave, valued at over $3 billion, has faced a range of scandals lately. Let’s shed some light on the skeletons in the closet of one of the most successful African industry players to date.
Unlimit Expands to Kenya
Fintech Unlimit (previously known as Unlimint) expanded its services to the Kenyan market, upon securing a Central Bank of Kenya licence
Kenyan Fintech M-Kopa Raises $250M to Extend Financial and Sustainability Services
M-Kopa will use the new debt and equity funding to expand financial services offering to underbanked consumers across Sub-Saharan Africa, as well as reduce greenhouse gas emissions in Kenya and Uganda
Ecobank Kenya Rolls Out Fingo Africa Financial App for Local Youth
The Fingo Africa app aims to enhance financial inclusion for young people both in Kenya and across the wider African landscape Part of the pan-African banking Group, Ecobank Kenya, launched the Fingo Africa app to enable African youth open bank accounts with their mobile phones. Ecobank has developed the touth-focused app in close collaboration with a […]
Kenya Proposes Crypto Transfer Tax
The Kenyan national budget, which will be presented on June 8, proposes a 3% tax on the transfer of digital crypto assets
Fintech Kwara Raises $3M Seed Extension, Partners Over 4,000 Credit Unions
Kenyan fintech Kwara, which turns analogue credit unions into modern digital banks, has raised a $3 million seed extension, preparing for the enormous expansion
Bitcoin Mining Powers Rural Settlement in Kenya
Despite its high energy intensity, crypto supporters claim Bitcoin mining can have a positive environmental effect. One project in Kenya shows how it might change the lives of rural communities
Bitcoin-Based Payment Network to Facilitate Remittances to Africa
Strike announced plans to improve remittance payments into Africa via the Lightning Network on Bitcoin, thanks to the partnership with the mobile app Bitnob
IMF biggest credit tranches in 2021
Let’s take a look at the most valuable credit tranches the international Monetary Fund has released in 2021 so far
Africa’s fastest-growing economies in 2021 unveiled
Africa’s economy is forecast to grow at a healthy pace of 3.8% in 2021 driven by rising global demand as COVID-19 restrictions are eased
Businesses in Kenya are reporting positive results amid coronacrisis
This comes as the country makes it easier for businesses to access funding
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