Adaverse leads fundraiser for blockchain-based FMCG authentication startup
The startup, Chekkit, provides end-to-end monitoring and tracking of pharmaceutical products. The fresh capital will be used for expansion and hiring for senior roles.
News
Why the Nigeria-China currency swap deal has failed to stabilize the naira
The deal was to reduce the demand for U.S. dollars and strengthen the value of the naira.
A new report says African blockchain firms raised $474 million in 2022, but the methodology is questionable
South Africa, Liberia and Kenya led Nigeria for total funding. MFS Africa, Valr, Jambo, Ejara all feature in the report.
CBN preaches eNaira adoption to Nigerian university
The eNaira could potentially be used to pay salaries of federal workers, a CBN official said.
Lagos state, Nigeria, to consider incorporating blockchain education into school curriculum
The government of Lagos — Nigeria’s bubbling tech and business hub — continues to make promises to support blockchain.
Ethiopia and Kenya join Ghana in seeking IMF bailout
The three African countries are requesting loans to restore financial stability, worsened by the covid-19 pandemic and global supply chain crunch.
Zambia to finish testing cryptocurrency regulatory technology by mid-year: Reuters
The southern African country hopes to develop regulations that promote innovation while keeping citizens safe.