Africa News

Investigators say Raees and Ameer Cajee are back in South Africa years after Africrypt’s collapse, while investors still struggle to serve legal papers.

A global survey of 4,658 crypto users found 39% receive income in stablecoins and 27% use them for payments, with stronger adoption in emerging markets.

Data observed across 66 corridors in Africa shows conversion costs from 1.5% to 19% in January, with competition driving pricing gaps.

Speaking at the World Economic Forum in Davos, Switzerland, economist Vera Songwe pointed to remittances and inflation hedging as key drivers of stablecoin use across Africa.

Nigeria’s tax overhaul pulls crypto exchanges into identity-based reporting, reshaping how digital assets are brought into the traditional economy.

A developer behind Jack Dorsey–linked messaging app Bitchat questioned Uganda’s claim that it can disable the service ahead of next week’s election.

Ghana legalizes cryptocurrency and gives its central bank authority to regulate and license providers to reduce fraud and systemic risks.

A new report warned that the Central African Republic’s crypto push favored elites and exposed the country to foreign criminal networks, rather than boosting financial inclusion.

Paribu has bought a majority stake in Dubai- and Bahrain-licensed CoinMENA in a deal valuing the exchange at up to $240 million.

Kenyan regulators say no crypto firms are licensed under the new VASP Act and warn that providers claiming approval are doing so illegally.

Chido Munyati, head of Africa at the World Economic Forum, said in a statement that outdated payments and documents are a significant obstacle for African trade, one that he hopes digitization can solve.

Flutterwave partners with Polygon Labs to launch a stablecoin-powered cross-border payments network spanning 34 countries across Africa.

Crypto laws are popping up across Africa as countries race to offer favorable conditions to the crypto industry and balance consumer safety concerns.

Turkey’s $200 billion crypto market leads the MENA region, but has been fueled more by speculative activity than by sustainable adoption, according to Chainalysis.

Most crypto activity over the last year has been tied to practical use cases such as payments, remittances and preserving value in volatile economic conditions.