Africa News

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.

News
MMTC founder Julius Mwale and Akon are expected to be in attendance at next month’s major launch event that will unveil Akoin’s national rollout across Kenya.
Akon’s Akoin pilot heralded a success, eyes countrywide rollout in Kenya
Sam Bourgi
2021-08-04T21:30:00+01:00
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News
The Central Bank of Nigeria will start the pilot of its central bank digital currency, which runs on the Hyperledger Fabric blockchain, on Oct. 1.
Nigeria to pilot central bank digital currency in October
Marie Huillet
2021-07-23T10:09:21+01:00
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News
The project said it would be paying roughly 6,000 farmers for crops adversely affected by climate change before the end of the season.
Etherisc onboards 17K Kenyan farmers covered by blockchain-based crop insurance
Turner Wright
2021-07-21T12:00:00+01:00
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Follow up
Africrypt founders are still on the run as investors turn to legal action to try to recoup funds lost in South Africa’s latest cryptocurrency theft scandal.
Africrypt turns sour on investors: Founders flee as court cases build up
Gareth Jenkinson
2021-07-10T11:50:00+01:00
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Sponsored
The vast majority of businesses in Africa don’t accept crypto as a payment method — and that’s something that this startup wants to change.
Meet the crypto payment gateway startup that strives to become the Stripe of Africa
Chris Jones
2021-07-06T12:22:00+01:00
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News
Ethiopian-based group Project Mano is lobbying the government to mine, hold and link Bitcoin to the Ethiopian birr or other legal tenders.
Jack Dorsey notes lobbying efforts to get Ethiopian gov't to embrace Bitcoin
Brian Quarmby
2021-06-16T14:35:33+01:00
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News
Tanzania’s president wants the country’s central bank to begin exploring Bitcoin and digital assets.
Tanzanian president urges central bank to prepare for crypto
Samuel Haig
2021-06-14T05:30:33+01:00
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News
With exchanges slow to fall under FIA oversight, Uganda’s AML watchdog wants the government to make a move on crypto regulations.
Uganda's finance watchdog calls for crypto regulations in the country
Osato Avan-Nomayo
2021-05-24T13:03:58+01:00
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