Africa Made Up 6.7% of Global Stablecoin GDP in 2024 – IMF
by The International Monetary Fund (IMF) has released a new working paper that reveals Africa’s significant presence in the global stablecoin economy. In 2024, Africa accounted …
Category: Tech News
Chowdeck Raises $9M to Boost Expansion in West Africa
Chowdeck has raised $9 million in Series A funding to accelerate its growth and quick commerce expansion across Nigeria and Ghana. The Lagos-based food delivery …
Airtel Africa Foundation Unveils ‘Tech For Her’ To Empower Women
Airtel Africa Foundation has launched an ambitious new initiative, “Tech for Her by Airtel Africa Foundation,” aimed at empowering young women across Africa with critical …
Blockfinex Unveils DollarCoin to Empower Africans
Blockfinex, a global cryptocurrency exchange, has launched DollarCoin (USDR), a U.S.-regulated stablecoin pegged 1:1 to the U.S. Dollar. This major initiative directly aims to empower …
West Africa Rises As Global Hub for Virtual Assets – SEC
West Africa is making waves on the world stage. The region, once known primarily for its oil and agriculture, is now at the forefront of …
Rwanda’s Central Bank Explores CBDC with Targeted Testing
The National Bank of Rwanda has officially advanced to the proof-of-concept (PoC) stage for its Central Bank Digital Currency (CBDC). This marks a key milestone …
Cleva Launches Stablecoin Deposits
Cleva now supports stablecoin deposits, marking a major step forward for users needing seamless access to USD via digital currencies. According to a post on …
Itana launches Africa’s first full-stack AI and data hub to boost local innovation.
Itana has opened a new chapter for African technology. This week in Lagos, the company unveiled Africa’s first full-stack AI and data hub—an ecosystem built …
TikTok Blocks 211M Offensive Videos, Deletes 3.6M in Nigeria
In a landmark move, TikTok has demonstrated a powerful commitment to creating a safe digital environment. The platform, in its latest quarterly report, revealed that …
Meta Strengthens Audio Game with AI Voice Startup Play AI Deal
Meta has made a bold move to dominate the audio tech landscape. The tech giant has acquired Play AI, a leading AI voice startup specializing …