Nigeria received nearly $60 billion in crypto value in a year
Overall, Sub-Saharan Africa received $117.1 billion in crypto value between July 2022 and June 2023, according to data from blockchain analytics firm Chainalysis.
Uganda
Btrust, cofounded by Jack Dorsey and Jay Z, acquires African Bitcoin talent development firm Qala
The acquisition will see Qala rebrand as Btrust Builders with a new focus on providing training in open-source Bitcoin software development.
Honeycoin taps MoneyGram to expand crypto-to-fiat capabilities
The partnership is aimed at facilitating cross-border transactions using both cryptocurrency and fiat currencies in multiple countries.
Uganda’s parliament is working on a bill to regulate virtual assets
The East African country is now looking to provide regulatory clarity for virtual assets and cryptocurrencies after initial hostilities.
Uganda becomes Kenya’s fastest-growing source of diaspora remittance
With the Kenyan shilling depreciating, Kenyans in Uganda are finding it more profitable to send money home.
Inflation in Africa: Latest data shows worsening figures across the board
Figures show 50% of countries with available data experienced an increase in consumer prices in March.
Inflation in Africa: Many countries continue to witness historically high consumer prices
While some countries recorded improved inflation figures, the cost of living across the continent remains prohibitively high.