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TOKENIZATION | South African Reverse Mortgage Provider, Water Financial, Issues $1.6 Million Capital Raise in Tokenized Assets on the Stellar Blockchain

Water Financial, a South African reverse mortgage provider, has issued a $1.6 million (30 million Rand) capital raise facilitated by Mesh.trade, a tokenised financial assets exchange.
The exchange issued 30,000 ‘A’ preference shares, which will provide a monthly dividend amounting to 87% of the
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Dreamworlds Revolutionizes Global Workforce with AI-Powered Outsourcing Platform

Dreamworlds, a pioneering Web 3.0 work outsourcing platform, is empowering developing countries through AI tools, training, and access to global job opportunities. Focused primarily on Africa and South Asia, Dreamworlds connects skilled workers with employers worldwide, facilitating seamless
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FUNDING | MANSA Secures $10 Million in Seed Funding Led by Tether After Over 37% MoM Growth in 6 Months, Mainly in Africa, Leveraging USDT

MANSA, a fintech leader in cross-border payments, has secured $10 million in funding to enhance its stablecoin solution, addressing liquidity issues for payment providers, especially in Africa.
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REGULATION | WorldCoin to Reportedly Resume ID Verification in Kenya After Police Drop Investigations

WorldCoin, the cryptocurrency and human registration project associated with OpenAI CEO, Sam Altman, is reportedly set to resume operations in Kenya after police dropped a probe they had opened against WorldCoin.
The policies are said to have conducted investigations on an array of allegations
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FUNDING | Madica by Flourish Ventures is Looking to Invest in 10 African Pre-Seed Startups in 2024

Madica, an investment initiative by U.S.-based investor, Flourish Ventures, to support pre-seed startups in Africa, aims to invest in up to 10 ventures by year-end, a new report says.
Madica has already closed
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Everything You Need to Know About Cryptocurrency Presales: Early Investment Opportunities in Crypto

Today, however, the cryptocurrency market has become very dynamic and diversified, presenting investment options in emerging blockchain technologies. One of the very lucrative options for investment is the presale of cryptocurrency, wherein an early window of opportunity has been given to a token be
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LIST | TechStars and ARM Labs Select 12 Startups in Cohort 2 of its Accelerator Program in Nigeria

Techstars, recently recognized as the most active startup investor on the continent, has unveiled the 12 startups selected for the second cohort of its innovation program based in Lagos, Nigeria, conducted in collaboration with
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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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STABLECOINS | Visa Doubles Down on Cross-Border Settlements Using USDC Stablecoin on Solana

Visa is expanding its cryptocurrency efforts by partnering with merchant companies to use USD Coin on the Solana blockchain for settlement payments, enhancing speed and cross-border transactions using stablecoins.
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CBDC | Central Bank of Nigeria Refutes Claims that eNaira is a Threat to Nigeria’s Financial Stability

The Central Bank of Nigeria has disputed reports suggesting that its eNaira CBDC threatens financial stability, citing misunderstandings. A recent book discusses CBDC impacts, advocating for broader adoption to overcome current challenges.
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LIST | Ivorian Fintech, Daba Finance, Wins the 2024 Ecobank Fintech Challenge

Ivorian fintech, Daba Finance, was crowned grand winner of the 2024 Ecobank Fintech Challenge Winner, taking home $50,000, Ecobank said.

“Winning this challenge propels our mission to make investing and wealth building opportunities available for all. With Ecobank as our partner, we are
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Kenya’s Shamba Records Joins Google’s AI Accelerator – A Milestone for African AgriTech and Web3 Innovation

Shamba Records, a Kenyan agritech startup previously featured on BitKE for its blockchain-based supply chain and farmer data solutions, has been selected as one of 15 African startups joining the Google for Startups Accelerator: AI First 2025 cohort.

The startup is among four Kenyan
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EXPLAINER | A Look at the Unique Avalanche Blockchain

Avalanche is a blockchain platform that supports smart contracts, offering scalability and lower transaction fees. Launched in 2020 by Ava Labs, it uses three interconnected blockchains for asset management, smart contracts, and validation. Its native token, AVAX, is used for transactions and staking, enhancing network security.
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