BitKE

M-KOPA, a financing platform for sustainable assets, has secured over $250 million in funding to expand in Sub-Saharan Africa. The company aids underserved communities with loans for solar systems and smartphones, aiming to double its customer base.

Stitch has launched WigWag, a social commerce payment platform tailored for small businesses, allowing them to accept digital payments via unique payment links without needing a website. It offers transaction monitoring and a simple fee structure.

Egypt plans to introduce a digital Pound (E-Pound) by 2030 as part of a financial digitalization initiative aimed at enhancing monetary policy, boosting economic competitiveness, and achieving 100% financial inclusion.

CELO, a mobile-first and a leading blockchain protocol in Africa, was one of the key partners for the just concluded ETHSafari event which saw over 300 attendees from over 30 countries come together to talk about the decentralized economy that is quickly taking over the world by storm.
Celo was par

DahabShiil and Safaricom Ethiopia's M-PESA have partnered to allow the Ethiopian diaspora to send money directly to M-PESA mobile wallets, enhancing remittance efficiency and security for users.

The Central African Republic is delaying the listing of its cryptocurrency, Sango Coin, to 2023 due to market conditions. Regulatory issues have raised doubts about its incentives, including citizenship and land acquisition tied to coin investments.

The Bank of Tanzania has introduced new regulations to protect borrowers from abusive digital lending by microfinance institutions, ensuring transparency in interest rates, fees, and data protection. This aims to enhance consumer confidence and lender responsibility while restricting lenders from using customers' social media for debt collection.

In May 2022, NEAR Protocol achieved a milestone of over 10 million wallets, promoting Web3 adoption in Africa. The launch of its Kenya Regional Hub and partnerships with local communities aim to empower individuals and foster blockchain development.

The Vice-President of Mauritius launched a blockchain-based eVerify service to enhance digital verification during an ICT workshop, emphasizing the need for regulations to protect citizens amid technological advancements. The service aims to improve trust and efficiency across various sectors.

Blockchain.com is expanding its operations in Africa, focusing on Nigeria, Ghana, Kenya, and South Africa, where regulatory efforts are advancing. They aim to secure licenses and enhance their presence amid growing crypto interest, especially in Nigeria.

Ant Group's blockchain unit launched Anvita, a platform enabling AI agents to transact on crypto infrastructure with minimal human input. It offers tokenization services and real-time payment coordination, highlighting the integration of AI and blockchain in finance.

Safaricom Ethiopia's subscriber base grew to 4.6 million in Q2 2024, showing strong momentum despite doubts over its competitiveness against Ethio Telecom, which has 78.3 million subscribers. Concerns about pricing and unique offerings persist among users.

One million Nigerians downloaded the eNaira wallet in its first year, with 700,000 transactions worth $18.3 million reported. However, some residents criticize late sensitization efforts, while experts attribute slow adoption to bank apathy and competition from mobile banking apps.