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Africa News

Latest Africa News

Absa becomes Africa’s first bank to offer Bitcoin custody services - 4
News
Read more - Absa becomes Africa’s first bank to offer Bitcoin custody services

Absa becomes Africa’s first bank to offer Bitcoin custody services

Absa has become Africa’s first bank to offer Bitcoin custody, with BTC making up the largest share of assets held through its institutional service. Bloomberg reported on Oct. 2 that the Johannesburg-based lender is providing digital asset custody to institutional…
African businesses turn to stablecoins to cut payment delays, Kora CEO says - 5
News
Read more - African businesses turn to stablecoins to cut payment delays, Kora CEO says

African businesses turn to stablecoins to cut payment delays, Kora CEO says

African businesses have increasingly turned to stablecoins over the past five years to address cross-border payment delays, dollar access, and settlement costs, according to Kora CEO Dickson Nsofor. Dickson Nsofor, CEO of pan-African payment infrastructure platform Kora, told crypto.news that…
Ghana crypto market hits $21B, fifth in sub-Saharan Africa
News
Read more - Ghana crypto market hits $21B, fifth in sub-Saharan Africa

Ghana crypto market hits $21B, fifth in sub-Saharan Africa

Ghana’s crypto market handles about $21B a year, ranking fifth in sub-Saharan Africa as stablecoin use grows and new rules take shape.
Tether and Shiga plan self-custodial wallets for Africa and the GCC - 6
News
Read more - Tether and Shiga plan self-custodial wallets for Africa and the GCC

Tether and Shiga plan self-custodial wallets for Africa and the GCC

Tether and Shiga have announced plans to bring self-custodial wallets for USD₮, Bitcoin, and Tether Gold to individuals and institutions across Africa and the Gulf Cooperation Council. Tether said in its Sep. 28 announcement that both products will use its…
Ripple powers Absa digital asset custody launch in Africa
News
Read more - Ripple powers Absa digital asset custody launch in Africa

Ripple powers Absa digital asset custody launch in Africa

Ripple technology now powers Absa Digital Asset Custody, giving institutional clients in South Africa bank-grade digital asset safeguards.
African financial company issues first $431 million digital bond - 7
News
Read more - African financial company issues first $431 million digital bond

African financial company issues first $431 million digital bond

Africa Finance Corporation has raised 350 million Swiss francs or about $431 million, through its first digital bond, becoming the first African institution to issue such debt through a regulated exchange and central securities depository. AFC digital bond raises $431…
Nigeria sets 1% crypto tax withholding for exchanges
News
Read more - Nigeria sets 1% crypto tax withholding for exchanges

Nigeria sets 1% crypto tax withholding for exchanges

Nigeria’s crypto tax rules require exchanges and P2P platforms to withhold levies, report users and remit some payments in tokens.
Ripple takes stake in Flutterwave, betting on Africa’s payment boom - 8
News
Read more - Ripple takes stake in Flutterwave, betting on Africa’s payment boom

Ripple takes stake in Flutterwave, betting on Africa’s payment boom

Ripple has acquired an equity stake in African fintech company Flutterwave in a deal that has valued the payments firm at $3.3 billion, adding another regional payments network to Ripple’s growing global infrastructure strategy. According to Bloomberg, Flutterwave CEO Olugbenga…
Morocco rolls out Nexus AI Factory in bid to lead Africa’s AI sector.
News
Read more - Morocco rolls out Nexus AI Factory in bid to lead Africa’s AI sector

Morocco rolls out Nexus AI Factory in bid to lead Africa’s AI sector

Nexus Core Systems has entered into a memorandum of understanding with Moroccan authorities to develop a $1.28 billion artificial intelligence facility. The agreement was formalized during GITEX Africa 2026, held from April 7 to 9 in Marrakech. It brings together…
Blockchain.com expands into Ghana as it ramps up Africa growth strategy - 9
News
Read more - Blockchain.com expands into Ghana as it ramps up Africa growth strategy

Blockchain.com expands into Ghana as it ramps up Africa growth strategy

Blockchain.com is expanding its presence in Africa with a launch in Ghana, as the crypto brokerage looks to build digital asset infrastructure across some of the region’s fastest-growing markets. The company announced the expansion on March 9, saying the move…
Ghana legalizes cryptocurrency trading under new regulatory framework - 10
News
Read more - Ghana legalizes cryptocurrency trading under new regulatory framework

Ghana legalizes cryptocurrency trading under new regulatory framework

Ghana's new law bodes well for crypto enthusiasts and ends years of legal ambiguity surrounding digital assets in the West African nation.
Tether invests in Kotani Pay.
News
Read more - Tether marks 500m users with Africa-focused Kotani Pay deal

Tether marks 500m users with Africa-focused Kotani Pay deal

Tether is focusing its half-billion-user influence on a critical pain point, with the Kotani Pay deal designed to empower African SMEs by slashing the cost and time of international money transfers. According to a press release dated Oct. 21, Tether…
Global Settlement Network
News
Read more - Uganda pilots CBDC in $5.5B tokenized economy initiative with Global Settlement Network

Uganda pilots CBDC in $5.5B tokenized economy initiative with Global Settlement Network

Global Settlement Network and Uganda’s Diacente Group are launching a $5.5 billion tokenized economy, combining real-world infrastructure and a national CBDC to drive economic growth. According to a press release shared with crypto.news, Global Settlement Network (GSN), a leading blockchain…
Image depicting Africa, symbolizing Uganda's entry into the RWA space.
News
Read more - Uganda enters blockchain era with $5.5B RWA project

Uganda enters blockchain era with $5.5B RWA project

Uganda’s Diacente Group partnered with Global Settlement Network to bring $5.5 billion in real-world assets on the blockchain. Uganda is being positioned as the launchpad for what could become Africa’s largest tokenized economy. On Wednesday, October 9, Uganda’s Diacente Group…
African landscape with symbols of digital tokenization
Opinion
Read more - Africa isn’t your beta test: The continent is writing the crypto playbook | Opinion

Africa isn’t your beta test: The continent is writing the crypto playbook | Opinion

Stablecoins, remittances, and resilience are rewriting finance, making the continent the world’s proving ground for real adoption.
African woman, tokenization
Opinion
Read more - The future of African finance isn’t banks, it’s tokenization | Opinion

The future of African finance isn’t banks, it’s tokenization | Opinion

Tokenization offers Africa a different path: not an improvement of the banking system, but a replacement for banks entirely.