Africa News

Latest News on Africa | Cointelegraph

Africa is the second largest continent in the world in terms of both territory and population. There are 55 states located on the continent. Economies in Africa differs from country to country. In Africa, cryptocurrency tends to be sold with a large trade margin which can even reach 100% due to several reasons. Firstly, Bitcoin in Africa is very difficult to mine because of the climate and lack of infrastructure. Also, cryptocurrency is in big demand in Africa as national currencies are vulnerable to hyperinflation. Besides that, since there are only a small number of virtual currency retailers they are able to set high prices. The relative financial stability of digital money and the opportunities for profit make cryptocurrencies very popular in Africa.

Japanese Insurer Sompo Partners With African BTC-Enabled Remittance Service BitPesa

NOV 12, 2018 | by Marie Huillet

Japanese insurance company Sompo has partnered with pan-African crypto-enabled remittance platform BitPesa.

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Tanzania: Gov’t Looks To Information, Technology Sphere for Help in Blockchain Use Cases

OCT 29, 2018 | by William Suberg

Blockchain regulation should come as a result of joint governmental and industry efforts, a Tanzanian minister has said.

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Rwandan Government to Use Blockchain Tech to Track Conflict Metal Tantalum

OCT 17, 2018 | by Max Yakubowski

Rwanda’s tantalum mining traceability will be improved by British blockchain startup Circulor in tandem with Rwanda’s government.

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Kenyan Gov’t to Use Blockchain in New Affordable Housing Project

OCT 16, 2018 | by Ana Alexandre

Kenya’s government aims to use blockchain to ensure that affordable government housing will go to the rightful recipients.

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Binance Launches Its First Fiat-Crypto Exchange in Uganda

OCT 15, 2018 | by Ana Berman

Binance will officially launch its fiat-to-crypto branch in Uganda this week, where the national currency will be traded with Bitcoin and Ethereum pairs.

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Time Magazine Includes Blockchain Startup in Its 50 ‘Genius Companies 2018’ List

OCT 05, 2018 | by Ana Berman

Time Magazine has put a blockchain startup from Ghana in its “Genius Companies” list for 2018, along with such companies as Apple, Netflix and SpaceX.

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Ahead of Traditional Banking: How Africa Employs Blockchain For Financial Inclusion

OCT 04, 2018 | by Stephen O'Neal

Sierra Leone is set to create a national, blockchain-based credit bureau.

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Overstock Subsidiary Partners With Zambian Gov’t on Blockchain Land Registry

AUG 01, 2018 | by William Suberg

Overstock is planning to overhaul Zambian land ownership with blockchain in a partnership with the country’s government.

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Crypto Exchange to Target African Market by Offering Low Transaction Fees

JUL 18, 2018 | by Connor Blenkinsop

A new cryptocurrency exchange is targeting emerging markets, with the view of educating the public about blockchain and giving millions economic freedom.

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Global Telecom Blockchain Consortium Unveils Working Group for Remittances

JUL 06, 2018 | by Marie Huillet

A global blockchain consortium of telecom carriers has announced that six moreleading telecoms firms are joining its ranks, from Asia, the Middle East and Afric...

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Reserve Bank of Zimbabwe to Study Blockchain Implementation

JUL 05, 2018 | by Ana Alexandre

The Reserve Bank of Zimbabwe has launched studies into applying blockchain to the bank’s business processes.

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Exclusive: Binance Set to Launch Its First Crypto-Fiat Exchange in Uganda

JUN 28, 2018 | by Marie Huillet

Binance’s CEO Changpeng Zhao has revealed the company is about to launch a crypto-fiat trading platform in Uganda, in an exclusive interview with CT today.

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Swiss NGO to Accept Crypto Donations for Food, Healthcare, Education for African Children

JUN 26, 2018 | by Molly Jane Zuckerman

A Swiss NGO will be using crypto software development program KryptoPal to add a donate crypto option for its initiatives in Africa.

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Zimbabwe’s Central Bank Bans Financial Institutions From All Crypto Dealings

MAY 12, 2018 | by Helen Partz

Zimbabwe’s central bank has recently ordered domestic financial institutions to stop dealing with crypto-related businesses and individuals.

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Ethiopian Gov’t Signs Agreement With Cardano To Introduce Blockchain In Agritech

MAY 04, 2018 | by Helen Partz

The CEO of Cardano has signed an agreement with the Ethiopian Ministry of Science and Technology to promote the Cardano network in the agritech industry.

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An African Revolution Being Borne of the Back of Bitcoin and Blockchain

JAN 08, 2018 | by Darryn Pollock

Africa is and has been ripe for revolution for some time and financially Bitcoin is changing the game.

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Chile Adopts Blockchain Technology For National Energy Grid

MAR 03, 2018 | by Aaron Wood

Chilean energy grid to adopt blockchain, security cited as the reason for the development.

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Ethiopian Gov’t Signs Agreement With Cardano To Introduce Blockchain In Agritech

MAY 04, 2018 | by Helen Partz

The CEO of Cardano has signed an agreement with the Ethiopian Ministry of Science and Technology to promote the Cardano network in the agritech industry.

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Sierra Leone Uses Blockchain To Track Election Results, Swiss Company Provides Expertise

MAR 08, 2018 | by Molly Jane Zuckerman

Sierra Leone counts presidential elections with the Blockchain, Swiss company Agora provides expertise and technology.

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Possible Scam At South African Investment Group Leads To $50 Million Lost

MAR 03, 2018 | by Aaron Wood

Possible scam of BTC Global’s Investors leads to $50 million lost.

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BMW ‘Is Working With’ Another Blockchain Firm, This Time To Track Cobalt, Report Says

MAR 06, 2018 | by William Suberg

Sourcing ‘clean’ cobalt has led BMW to ‘partner’ with a little-known UK Blockchain startup, Reuters reports

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Zimbabwe’s Central Bank Bans Financial Institutions From All Crypto Dealings

MAY 12, 2018 | by Helen Partz

Zimbabwe’s central bank has recently ordered domestic financial institutions to stop dealing with crypto-related businesses and individuals.

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Bank of Namibia Rejects Bitcoin Exchanges on Basis of 50-Year-Old Law

SEP 17, 2017 | by Guest Author

Digital Currency Exchanges Illegal Under Law, Says Bank of Namibia

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Exclusive: Binance Set to Launch Its First Crypto-Fiat Exchange in Uganda

JUN 28, 2018 | by Marie Huillet

Binance’s CEO Changpeng Zhao has revealed the company is about to launch a crypto-fiat trading platform in Uganda, in an exclusive interview with CT today.

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Financial Inclusion and Efficient Remittance System Can Save Africa From Mediocrity

DEC 06, 2017 | by Iyke Aru

Blockchain technology is giving Africa the opportunity to stand on its own without depending on the generosity of Westerners.

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Bitcoin Mining Uses More Power Than Most African Countries

DEC 04, 2017 | by Gareth Jenkinson

The World’s combined Bitcoin mining operations consume more power than most African countries.

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Why Market Players Are Enthusiastic About Investing in “New Economy’: Expert Blog

JAN 15, 2018 | by Vladislav Solodkiy

ICO market gives opportunities for speculations and quick profits, but Only a few startups are ready to long-run. Big players are forced to look for new produc...

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Bitcoin Demand Surges in Zimbabwe Following Successful Coup

NOV 19, 2017 | by Joshua Althauser

Bitcoin price has surged on the Zimbabwean exchange following a successful military coup d'état.

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Bitcoin Price at $500,000 by 2030: African Projection

APR 17, 2017 | by Olusegun Ogundeji

How Africa will contribute to the Bitcoin price rise now and in next decade.

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Who Created the Story of Sierra Leone's Blockchain Election?

MAR 29, 2018 | by Darryn Pollock

The furor kicked up over the alleged Sierra Leone Blockchain election has at least not dampened to technology’s potential

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An African Revolution Being Borne of the Back of Bitcoin and Blockchain

JAN 08, 2018 | by Darryn Pollock

Africa is and has been ripe for revolution for some time and financially Bitcoin is changing the game.

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Zimbabwe’s Central Bank Bans Financial Institutions From All Crypto Dealings

MAY 12, 2018 | by Helen Partz

Zimbabwe’s central bank has recently ordered domestic financial institutions to stop dealing with crypto-related businesses and individuals.

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Bitcoin Mining Uses More Power Than Most African Countries

DEC 04, 2017 | by Gareth Jenkinson

The World’s combined Bitcoin mining operations consume more power than most African countries.

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Bank of Namibia Rejects Bitcoin Exchanges on Basis of 50-Year-Old Law

SEP 17, 2017 | by Guest Author

Digital Currency Exchanges Illegal Under Law, Says Bank of Namibia

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United Nations Wants Volunteers to Spread Bitcoin in Africa

AUG 15, 2016 | by Joël Valenzuela

Bitcoin nerds wanted in Africa! The UN wants volunteers to travel to Sierra Leone to help spread the gospel of Satoshi.

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Africans Learn To Separate Onecoin, Scamcoins From Bitcoin

FEB 27, 2017 | by Olusegun Ogundeji

There should be a clear distinction between how Onecoin and Bitcoin are presented to the public to avoid any misunderstandings.

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Morocco Outlaws Cryptocurrencies

NOV 22, 2017 | by Gareth Jenkinson

Morocco have banned transactions using cryptocurrencies - citing significant risks due to a lack of regulation

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Financial Inclusion and Efficient Remittance System Can Save Africa From Mediocrity

DEC 06, 2017 | by Iyke Aru

Blockchain technology is giving Africa the opportunity to stand on its own without depending on the generosity of Westerners.

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Bitcoin Price at $500,000 by 2030: African Projection

APR 17, 2017 | by Olusegun Ogundeji

How Africa will contribute to the Bitcoin price rise now and in next decade.

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Sierra Leone Uses Blockchain To Track Election Results, Swiss Company Provides Expertise

MAR 08, 2018 | by Molly Jane Zuckerman

Sierra Leone counts presidential elections with the Blockchain, Swiss company Agora provides expertise and technology.

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Mirage or Real Oasis? How Bitcoin Could Answer African Challenges

JUL 28, 2016 | by Olusegun Ogundeji

It may take some time but the fact that Bitcoin is an alternative to several African challenges, it will crack it in Africa

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Possible Scam At South African Investment Group Leads To $50 Million Lost

MAR 03, 2018 | by Aaron Wood

Possible scam of BTC Global’s Investors leads to $50 million lost.

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Sierra Leone Gov’t Says No Blockchain Officially Used In Elections After Misleading Media Hype

MAR 20, 2018 | by Molly Jane Zuckerman

Sierra Leone gov’t’s denial of Blockchain in latest elections leads to an official response from the company that ran their Blockchain election test there

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Why is Africa Slow on the Bitcoin Uptake?

OCT 10, 2017 | by Darryn Pollock

Bitcoin could solve a lot of Africa’s problems, but its uptake has been slow.

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In Africa, M-Pesa Success is Example in Bitcoin Adoption: BitcoinNow Founder

FEB 01, 2017 | by Olusegun Ogundeji

Nigeria and Africa generally are showing a huge sign of optimism for Bitcoin trading. But there are some challenges to overcome.

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