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Aella Credit has rebranded as Aella Microfinance Bank to enhance financial services in Nigeria. Founded in 2015, it aims for innovation and inclusivity, providing accessible loans and banking services while ensuring user security and compliance with regulations.

Xago, a blockchain-based money transfer company from South Africa, has announced support for the British Pound with its stable coin $XGB which is backed 1:1 with the Pound.
The move will

Victor Mapunga, a Web3 entrepreneur from Zimbabwe, is developing FlexID, a self-sovereign identity solution addressing the lack of IDs for 1.7 billion people globally. His partnerships and funding efforts aim to revolutionize identity accessibility in Africa and beyond.

The Bitcoin ecosystem is responsive to users’ needs, keeping true with the standards of Bitcoin. Stacks, for example, provides an innovative layer-2 solution that brings Web3 to Bitcoin
Read on to learn about Stacks, how it works, and how it improves Bitcoin’s functionality and usage

What is

Block, Inc. has launched pre-orders for its self-custody wallet, BitKey, aimed at enhancing Bitcoin ownership and security. Available in over 95 countries, BitKey seeks to simplify and secure Bitcoin management for users worldwide.

Blnk, an Egyptian digital lending startup, has raised $23.7 million in funding to enhance its AI-driven lending platform. Launched in 2021, it provides quick loans at the point of sale, promoting financial inclusion in Egypt, where credit card access is limited.

EchoVC, a venture capital firm headquartered in Lagos, Nigeria, has announced its maiden blockchain fund ‘EchoVC Chain,’ with a budget of $8 million. The fund is being piloted to support under-represented founders and under-served markets.
“Over the past few years at EchoVC, we have become

Ronin is an Ethereum sidechain developed by Sky Mavis, the team behind popular Play-As-You-Earn game, Axie Infinity, as a solution for scaling NFT games.
Sky Mavis also developed the Ronin

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.

VERA, a secure B2B communications platform, has announced a partnership with Cheqd ($CHEQ), a decentralized identity and credential infrastructure provider, to develop a verifiable messaging solution for businesses in South Africa.
Every day, cybercriminals send an estimated 3.4 billion deceptive e

The Tezos blockchain community hosted its first Ideathon in Kampala, Uganda, aimed at creating real-world solutions. Five innovative teams were selected to develop their ideas, vying for a funding prize of 1 million UGX from the Tezos International foundation.

Verod-Kepple Africa Ventures (VKAV) has announced that it has raised $43 million for its pan-African venture fund. The fund’s initial backers include institutions such as SBI Holdings, Toyota Tsusho Corporation, and individual investors like Mr. Osamu Kaneda.
The announcement comes on the back of a

The Bank of Ghana has ordered financial institutions to stop partnerships with Taptap Send due to violations of the Foreign Exchange Act. This directive is effective from November 8, 2024, for one month, aiming to deter non-compliance among remittance service providers.

Nigerian fintech Yuki has joined the Blockchain Founders Group Adrenaline Program, aimed at scaling blockchain startups. The program offers resources, funding, and mentorship to enhance Yuki's solutions for African fintechs, promoting blockchain adoption.

Tether, the company behind USDT, the largest stablecoin, has announced a strategic investment in t-0 Network, a USD₮-powered settlement platform for licensed financial institutions, to enable instant, cost-effective cross-border payments.
Positioned as a competitor to the Circle Payments Network,