Crypto in Africa

Kredete raises $22 million to fuel expansion efforts

The firm wants to launch a host of new products and expand into new markets.

Sub-Saharan Africa now the third-fastest-growing crypto region, Chainalysis

Nigeria led the region with $92.1 billion in value received over the 12-month period, nearly three times that of South Africa.

Superteam Nigeria: Inside Solana’s community-led adoption strategy in Nigeria

The community has incubated several notable projects, including cross-border remittance platforms Ribh Finance and Azza.

South Africa to introduce cross-border crypto framework in 2025

It will set parameters, conditions, administrative responsibilities, and reporting requirements for cross-border crypto transactions.

Stablecoin flows in Africa hit 6.7% of GDP in 2024 – IMF

Only Latin America and the Caribbean (7.7%) surpassed Africa in flows relative to GDP.

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

Zap announces major rebrand

The rebrand also coincides with a trademark dispute involving fintech giant Paystack, which recently launched a product under the same name, “Zap.”