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Mozambique’s Empowa Raises Over $600,000 from Cardano After NSE Proposes Tokenization Solution for Kenya’s Housing Market
Empowa, a Mozambican startup, secured ₳1,835,000 from the Cardano community to create RWA tokens aimed at affordable housing. Collaborating with Kenya's NSE, the project targets the informal market facing mortgage challenges.
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INTRODUCING | Luno Relaunches in Kenya Amidst the Upcoming Digital Asset Regulatory Framework
Luno, the cryptocurrency exchange with South African roots, has officially relaunched in Kenya, marking a key milestone in its continued expansion across the continent.
According to a press release by Luno shared with BitKE, the re-launch provides Kenyan users with a simple, secure, and fully
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WeChat, Boasting Over a Billion Monthly Active Users, Integrates the Chinese Digital Yuan as a Payment Option
WeChat has integrated the digital yuan into its payment options, enhancing the appeal and adoption of China's central bank digital currency (CBDC). This allows users to pay through WeChat for various services, boosting efficiency for merchants without needing separate integrations.
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REGULATION | WorldCoin to Reportedly Resume ID Verification in Kenya After Police Drop Investigations
WorldCoin, a cryptocurrency project linked to Sam Altman, will restart operations in Kenya after police dropped their investigation into alleged data violations. The company expressed gratitude for the DCI's decision and plans to enhance compliance with local regulations while focusing on its mission to connect people to the global economy.
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Central African Republic (CAR) Launches Sango Coin Backed by Bitcoin
The Central African Republic officially launched its Sango Crypto Hub, introduced by President Faustin-Archange Touadéra. The initiative includes the Sango Coin aimed at facilitating a crypto-based economy and tokenizing natural resources, emphasizing financial inclusion and efficiency through blockchain technology.
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FINTECH AFRICA | Nigerian Fintech, Moniepoint, Cleared to Acquire a Kenyan Microfinance Bank
The Competition Authority of Kenya approved Moniepoint Inc.'s acquisition of a 78% stake in Sumac Microfinance Bank, facilitating its entry into Kenya's financial services. This move aligns with trends of fintechs acquiring regulated firms to accelerate growth in the competitive mobile payments market.
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LIST | 7 South African Startups, One from Lesotho, Accepted to Join the Inaugural Grindstone Africa Accelerator Program
Seven South African startups and one from Lesotho are selected for the Grindstone Africa accelerator, aimed at fostering high-growth entrepreneurship. The program supports innovative companies in scaling operations, with a focus on market access readiness.
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PRESS RELEASE | SWIFT to Add Blockchain-based Ledger to its Infrastructure Stack in Groundbreaking Move
SWIFT has announced that it will add a blockchain-based shared ledger to its technology infrastructure, a pivotal step for global finance that promises to make instant, always-on cross-border transactions possible at unprecedented scale.
SWIFT already has kicked off work with a group of more
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CRYPTO EXCHANGE | Concerns as Nigerian Crypto App, Patricia, Launches Native Stablecoin Token (PTK)
Nigerian retail app Patricia has converted customer Bitcoin into its stablecoin, Patricia Token (PTK), pegged to the U.S. dollar. Following a security breach in May 2023, withdrawals were suspended, raising user concerns about fund access. Despite challenges, the platform, established in 2017, aims to enhance security.
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EXPLAINER | The Ethereum Dencun Upgrade, the Latest Effort to Enhance Scalability
Ethereum's Dencun upgrade introduces proto-danksharding, enhancing scalability and lowering transaction costs. Activated on key testnets, it aims to improve transaction capacity, supporting decentralized applications and introducing efficient data handling through 'blobs.'
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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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