Seychelles dusts Nigeria, South Africa, others as it recieves 33% of Africa’s blockchain funding
- Seychelles received 31% of all blockchain funding in Africa, totaling $38.35 million.
- In 2022, Seychelles received $209 million, representing 43% of African blockchain funding.
- Nigeria recorded nearly $60 billion in cryptocurrency transactions but only $15.9 million in blockchain funding.
Tech In Africa - Jun 26, 2025
Seychelles Leads African Blockchain Funding Amid Shifting Market Trends
Seychelles has emerged as the leading destination for blockchain investment in Africa, attracting 31
The current state of blockchain funding in Africa reflects both potential and challenges. While Seychelles leads in funding, the decline in amounts and the disparity between funding and cryptocurrency adoption in countries like Nigeria raise questions about the sustainability and growth of the blockchain sector on the continent. Further exploration of the reasons behind these trends could provide valuable insights for investors and policymakers.
