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.
The acquisition will see Qala rebrand as Btrust Builders with a new focus on providing training in open-source Bitcoin software development.
The partnership is aimed at facilitating cross-border transactions using both cryptocurrency and fiat currencies in multiple countries.
The East African country is now looking to provide regulatory clarity for virtual assets and cryptocurrencies after initial hostilities.
With the Kenyan shilling depreciating, Kenyans in Uganda are finding it more profitable to send money home.
Figures show 50% of countries with available data experienced an increase in consumer prices in March.
While some countries recorded improved inflation figures, the cost of living across the continent remains prohibitively high.