July inflation watch: African countries continue to grapple with high inflation
At least 15 African countries reported inflation rates of over 10%. Zimbabwe continues to experience hyperinflation.
Kenya
Cardano's developer IOG invests in Kenyan fintech Pezesha
The participation of blockchain-focused entities suggests that the fintech company now employs decentralized finance protocols as a source of debt finance.
Algorand and Boston University want to increase access to machinery for African farmers
Algorand Foundation will provide funds for Boston University and an African agric-tech company to develop a blockchain-based application to connect farmers to tractor owners.
Celo is powering incredible DeFi use cases in Africa amid market turmoil
The blockchain network, designed to host decentralized solutions for financial inclusion, is piloting a DeFi loan program for smallholder farmers in Kenya.