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DFS Lab, an early-stage investor in Africa, in partnership with the Stellar Development Foundation, a non-profit entity that aids in the advancement and expansion of the Stellar network, has launched the DFS Lab Stellar Africa Fund I to support promising entrepreneurs and teams in Africa who seek to

[UPDATE: The Nigerian stablecoin consortium has said it will not be launching a stablecoin in late February 2024 as previously advised. Instead, the consortium, which is comprised of banks and fintech startups, said it plans to launch the stablecoin only after it gets the green light from the

The CEO of Gluwa, Tae Oh, has paid a courtesy call to the Vice President of Nigeria, Kashim Shettim, as a display of commitment to enhancing the digital and creative industries in Nigeria.
The discussion served as an exploratory platform for potential collaborative efforts to enhance Nigeria’s digi

The financial sector is undergoing a pivotal transformation. While digital financial services have revolutionized accessibility and convenience, they have also introduced challenges such as regulatory uncertainty, inefficiencies in cross-border transactions, fraud risks, and high costs that still li

Whatsapp has announced it is rolling out a new feature called ‘Communities’ over the coming two months enabling users to bring together separate groups under one umbrella.
According to Whatsapp, the feature will let people receive updates sent to the entire Community and easily organize smaller

DLM Trust denied claims of a partnership with Patricia Technologies, citing breaches of agreement. While DLM ended its role as Escrow Trustee, Patricia insists repayment plans will proceed despite the disruption and customer frustrations from previous withdrawal issues.

EigenLayer, introduced on the mainnet in June 2023, comprises a set of smart contracts operating on the Ethereum blockchain. These contracts enable Ethereum (ETH) stakers to validate additional projects using their staked $ETH, known as ‘restaking.’
Currently, over 28 million ETH are staked to

Wasoko, formerly Sokowatch, has raised $125 billion in a series-B funding round that reportedly values the last-mile distribution and logistics African company at $625 million.
The round wa

The U.S. Treasury Department has lifted sanctions on Tornado Cash following a court ruling deeming its smart contracts not property of foreign entities. This decision marks a significant shift in the regulatory landscape for the crypto industry.

Press Release
VALR, Africa’s largest crypto exchange by trade volume, has announced an exclusive multi-year partnership with the DHL Stormers, becoming the ‘Official Crypto Exchange Partner’ of the Western Cape’s premier rugby team. Effective September 1 2025, this three-year agreement aligns with

WildCards is the first successful live deployment of something called a ‘scalable Harberger Tax Contract’ on the Ethereum mainnet and it just so happens its an African project.
Wildcards lets you support conservation, become a patron of endangered and save at-risk animals and even earn a profit

Nigerian digital savings and investment platform, PiggyVest, closed 2025 with its strongest performance yet – paying out a record ₦1.3 trillion to users and surpassing 6 million registered accounts as it approaches its tenth anniversary.

2025 – A Record Year
In 2025, PiggyVest reported its

Britam, a leading Kenyan insurer and financial services provider, has signed up 6 fintech startups to its 3-month pre- incubation program dubbed BetaLab.

“We are excited to collaborate with these talented entrepreneurs and support their growth journeys. Their innovative solutions have the

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

The price of TonCoin ($TON) fell as much as 18% to below $5.53 on August 25 2024 following news that Pavel Durov, the Co-Founder and CEO of Telegram, was arrested at Le Bourget Airport in France, according to CoinGecko.
The 39-year-old billionaire was arrested under a warrant for offences related t

Kenyan leading telco, Safaricom, has revealed 9 startups for the first cohort of its Spark Accelerator Program.
Earlier this year [2024], Safaricom, alongside MPESA Africa and Sumitomo Corporation, launched the three-month accelerator program designed to offer a comprehensive mix of training,

Tushop, a startup which enables communities in Nairobi to buy groceries more cheaply with free delivery, has secured US$3 million in pre-seed funding to expand its team and platform and

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

Ayoken, an NFT marketplace for African creatives, recently raised $1.4 million to expand its platform. The marketplace allows users to mint and sell digital collectibles, with plans to enhance payment options and secure exclusive deals with artists and telecoms.