Ethiopia and Kenya join Ghana in seeking IMF bailout
The three African countries are requesting loans to restore financial stability, worsened by the covid-19 pandemic and global supply chain crunch.
Kenya
How blockchain is being used to address low mobile internet access in Africa
A recent World Bank report found that mobile internet access can alleviate poverty. Yet, Africa lags in internet use. Some blockchain companies are trying to fix this.
Crypto company Fonbnk taps Tanda to launch airtime trading marketplace in East Africa
Fonbnk claims that this collaboration marks a significant financial inclusion breakthrough in Africa.
Jack Dorsey’s Block partners with African crypto exchange Yellow Card
The partnership is to facilitate cross-border payments in Africa based on Block’s infrastructure.
Worldcoin, co-founded by ChatGPT’s Sam Altman, expands into mainstream Kenya, but security and privacy concerns lurk
The controversial app, which promises to give people crypto for their identity via an eye scanner, has now fully launched in Kenya and features a P2P exchange.
5 billion reasons Africa needs to ditch the U.S. dollar for cross-border trade
Although the U.S. accounted for less than 10% of Africa’s total trade in 2019, nearly half of Africa’s trade is settled in U.S. dollars. The mismatch in commercial and payment flow cost Africans $5 billion yearly, Kioneki writes.
Swiss-based CV Labs selects three African startups for its accelerator program
Six other startups were also selected to be a part of the program