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Q&A | How the $XYO COIN App Enabled Over 600, 000 Nodes Across Africa – A Chat with XYO Co-Founder
AI systems are only as good as the data they’re trained on, yet most of this data comes from digital-first countries, creating a global imbalance.
When AI is trained on narrow, incomplete datasets, it reinforces systemic inequalities, produces flawed insights, and excludes billions from the
XYO-3,55%
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NORTH AFRICA | Egyptian Fintech, Qardy, Announces 7-Figure USD Investment to Support Expansion into MENA
Egyptian fintech Qardy has raised a 7-figure USD pre-seed investment, becoming the first digital lending marketplace in Egypt and the MENA region for MSMEs. With over 1,000 clients, Qardy facilitates significant loan transactions and plans to expand in KSA and beyond.
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FINTECH AFRICA | Nigerian Fintech, MoniePoint, Set to Acquire Kenyan Fintech, Kopo Kopo, Ahead of Kenyan Entry
Moniepoint Inc., a Nigerian fintech firm, plans to acquire Kopo Kopo Inc., a Kenyan provider of digital financial services. The acquisition has received approval from Kenya's Competition Authority, marking Moniepoint's entry into the Kenyan market to enhance financial service delivery.
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Crypto.com Cuts Over 40% of Staff and Pulls out of Major Marketing Deals as Crypto Winter Bites
Crypto.com has significantly reduced its workforce by over 2,000 employees, contradicting earlier reports of smaller cuts. The company is also scaling back major sponsorship deals, including some in sports, while still planning to sponsor FIFA World Cup 2022.
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Ethio Telecom Subscriber Base Grows to Become the Second Largest in Africa
Ethio Telecom surpassed its revenue target for the year, generating 75.8 billion birr. Key drivers included mobile voice and data services, alongside significant growth in its digital finance platform, Telebirr, which now supports millions of subscribers.
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USE CASE | South African Real World Assets Platform, AgriDex, Completes First On-Chain Coffee Trade, Exported from UK to South Africa
AgriDex, a Solana-based platform, completed its first on-chain coffee trade, connecting the coffee industry to blockchain technology. The transaction, involving Tiki Tonga Coffee, showcased low fees and instant settlements, while AgriDex aims to tokenize global agricultural markets.
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AGRI-0,96%
SOL-4,32%
TOKEN-3,68%
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Celo Community Approves a Regional DAO in Africa with Projects to Support Grassroots Builders
The Celo Community has approved the formation of a community DAO in Africa with the stated goal of scaling Web3 to developers and builders at the grassroots.
The proposal, which was made by Khadijah Amusat, went live for community voting on Wednesday 22 February 2023 and passed with
CELO-4,14%
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SIARAN PERS | Tether ($USDT) Bermitra dengan Kantor PBB untuk Narkoba dan Kejahatan (UNODC) di Afrika
Tether bekerja sama dengan Perserikatan Bangsa-Bangsa untuk meningkatkan ketahanan komunitas terhadap kejahatan dan perlindungan korban, setelah sebuah bank Kenya mengalami kerugian besar akibat pencucian uang terkait stablecoin USDT.
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Lihat Asli
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Ghanaian Payments Startup, PayBox, Believes Africa Can Leapfrog into DeFi
PayBox, a Ghanaian fintech startup, aims to leverage decentralized finance (DeFi) and blockchain technology to enhance cross-border financial transactions in Africa. Co-Founder David Boye-Doku emphasizes the need for financial inclusion and the potential of central bank digital currencies (CBDCs) to facilitate rapid economic growth.
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REGULATION | Tanzanian Fintech, NALA, Acquires Payments Service Provider (PSP) License from National Bank of Rwanda
NALA, an East African payments company, has received a payment service provider license from the National Bank of Rwanda. This approval allows NALA to enhance payment capabilities, manage internal disbursements, and improve international payment reliability, supporting the Rwandan economy.
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INTRODUCING | Global Fintech Giant, Stripe, Launches Tempo, a Payments-Focussed Blockchain for Stablecoins
Stripe and Paradigm’s stablecoin-focused blockchain Tempo has launched its first public testnet, marking a significant milestone in its path toward becoming a full-fledged layer-1 blockchain. The open-source testnet is now live, allowing anyone to ‘run a node or sync the chain’ to experiment with it
BTC-3,37%
ETH-3,92%
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