The African blockchain funding scene: More deals, less dollars
Nigeria saw the most deals done, but Seychelles maintained top spot in terms of deal value.
Sub-Saharan Africa
Nigerian blockchain startups raised $20M in 2024, claims 3% of global developers — Report
The report dubbed the Nigeria Web3 Landscape Report says 3% of global blockchain developers are in Nigeria.
Tether stablecoin sees increased usage in Africa since January — Chainalysis
This development confirms the growth in the USDT-dominated stablecoin market in Africa since 2022.
How cryptocurrency is empowering global economic inclusion
Crypto is driving global economic inclusion by connecting individuals in emerging markets to opportunities that were previously inaccessible.
Sub-Saharan African currencies have plunged 8% in one year amidst soaring public debts and global uncertainties: IMF
The depreciation has contributed to rising inflation in the region. Notably, inflationary pressures do not decline when local currencies strengthen against the US dollar, IMF says.