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FUNDING | Tunisian Fintech, EasyBank, Raises $370,000 to Support Expansion Plans in MENA and France
Tunisian fintech startup EasyBank has raised $370,000 to enhance its platform and expand into underserved markets in MENA and France. Founded in 2023, it aims to improve banking accessibility using AI for personalized financial solutions.
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ARTIFICIAL INTELLIGENCE | ChatGPT Has the Most Impact in Coding, Healthcare, and Education, Says CEO, Sam Altman
Sam Altman highlights ChatGPT's significant impact on coding, healthcare, and education, boosting productivity in coding, aiding educators with personalized curricula, and enhancing drug research, though caution is needed in healthcare due to current inaccuracies.
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REGULATION | South African Regulator, FSCA, Pursuing 30 Crypto Firms Operating Without Licenses
The Financial Sector Conduct Authority (FSCA) of South Africa is currently running 30 investigations into unauthorized crypto-related financial services within the country.
This is according to the organization’s latest regulatory actions report that outlines the measures they have put in place to
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STABLECOINS | Sony Reportedly Launching a Stablecoin for PlayStation Purchases, Subscriptions, and Content in 2026
Sony Bank plans to launch a U.S. dollar-pegged stablecoin by 2026 for payments within the Sony ecosystem, targeting its significant U.S. customer base. This initiative is part of Sony's broader Web3 push, aiming to improve transaction efficiency and reduce reliance on traditional payment methods.
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EDITORIAL | Safaricom Tech Stack is Upgrading to Double Capacity to 8,000 TPS – How it Compares to Blockchain Tech Stack
Safaricom’s M-PESA platform is undergoing a major upgrade to handle unprecedented transaction volumes – planning to double its current peak capacity from 4,000 transactions per second (TPS) to 8,000 TPS by the end of 2026,
BTC-2,57%
ETH-3,34%
IMX-2%
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MILESTONE | Nearly Half a Million New Tokens Created on Solana in May 2024
In May 2024, Solana saw a surge in token creation with nearly 455,000 new tokens, primarily memecoins, due to simplified processes via the Pump.Fun platform. This trend follows strong performances from other networks like Base and BNB Chain, indicating a shift in token launch preferences.
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SOL-4,09%
ETH-3,34%
BNB-4,99%
WIF-2,31%
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Q&A | How the $XYO COIN App Enabled Over 600, 000 Nodes Across Africa – A Chat with XYO Co-Founder
AI systems are only as good as the data they’re trained on, yet most of this data comes from digital-first countries, creating a global imbalance.
When AI is trained on narrow, incomplete datasets, it reinforces systemic inequalities, produces flawed insights, and excludes billions from the
XYO-1,4%
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NORTH AFRICA | Egyptian Fintech, Qardy, Announces 7-Figure USD Investment to Support Expansion into MENA
Egyptian fintech Qardy has raised a 7-figure USD pre-seed investment, becoming the first digital lending marketplace in Egypt and the MENA region for MSMEs. With over 1,000 clients, Qardy facilitates significant loan transactions and plans to expand in KSA and beyond.
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FINTECH AFRICA | Nigerian Fintech, MoniePoint, Set to Acquire Kenyan Fintech, Kopo Kopo, Ahead of Kenyan Entry
Moniepoint Inc., a Nigerian fintech firm, plans to acquire Kopo Kopo Inc., a Kenyan provider of digital financial services. The acquisition has received approval from Kenya's Competition Authority, marking Moniepoint's entry into the Kenyan market to enhance financial service delivery.
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Crypto.com Cuts Over 40% of Staff and Pulls out of Major Marketing Deals as Crypto Winter Bites
Crypto.com has significantly reduced its workforce by over 2,000 employees, contradicting earlier reports of smaller cuts. The company is also scaling back major sponsorship deals, including some in sports, while still planning to sponsor FIFA World Cup 2022.
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Ethio Telecom Subscriber Base Grows to Become the Second Largest in Africa
Ethio Telecom surpassed its revenue target for the year, generating 75.8 billion birr. Key drivers included mobile voice and data services, alongside significant growth in its digital finance platform, Telebirr, which now supports millions of subscribers.
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USE CASE | South African Real World Assets Platform, AgriDex, Completes First On-Chain Coffee Trade, Exported from UK to South Africa
AgriDex, a Solana-based platform, completed its first on-chain coffee trade, connecting the coffee industry to blockchain technology. The transaction, involving Tiki Tonga Coffee, showcased low fees and instant settlements, while AgriDex aims to tokenize global agricultural markets.
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SOL-4,09%
TOKEN-3,99%
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Celo Community Approves a Regional DAO in Africa with Projects to Support Grassroots Builders
The Celo Community has approved the formation of a community DAO in Africa with the stated goal of scaling Web3 to developers and builders at the grassroots.
The proposal, which was made by Khadijah Amusat, went live for community voting on Wednesday 22 February 2023 and passed with
CELO-2,72%
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