Blockchain in Africa

Uganda launches CBDC pilot in $5.5 billion tokenization drive

The digital currency is backed by Ugandan treasury bonds and can be accessed via smartphones.

SWIFT partners with global and African banks on blockchain-based shared ledger

The network also wants its system to be compatible with more modern digital finance rails such as stablecoins

USDC-issuer Circle backs CV VC’s $20M African Blockchain Fund

Circle joins the Swiss-based venture capital firm to invest in early-stage African blockchain companies over a period of ten years from 2022.

Bitcoin mining set to power Ethiopia’s energy expansion

Ethiopia just inaugurated Africa’s largest dam, doubling power output — but still lacks the funds to deliver universal electricity access.

AFAN’s blockchain partnership sparks concerns over Tingo connection

The company has not clarified whether it operates independently from the entities involved in the Tingo SEC fraud case.

Xend Finance users can now invest in tokenized U.S. assets via Risevest — but regulation limits access across Africa

The partnership will allow Xend Finance’s users earn yields from investments in US stock market options and RWAs through Risevest

Kaleo Ventures backs Cr3dentials’ decentralized income tool

The capital injection is to help Cr3dentials raise revenue and solidify its upcoming pilot programs.