Over 25 million Nigerians hold crypto assets, yet Web3 startups are underfunded. Why?
Over 25 million Nigerians are adopting digital currencies, particularly stablecoins like USDT. Nigerian Web3 startups raised only $20 million in 2024, a decline from $22 million in 2023.
Ghana’s Innovation Bill Aims to Boost Gender Inclusivity and Support Women-Led Startups in Tech
Ghana is deliberating the Innovation and Startups Bill to foster gender inclusivity in tech. The bill aims to provide tax incentives and easier access to funding for startups.
“Zap is not a remittance app,” Paystack explains
Paystack launched Zap, a consumer product designed for rapid and secure bank transfers. There was confusion regarding Zap's functionality, with some suggesting it required an IMTO license.
Africa’s digital payments projected to reach $1.5 trillion by 2030
Mastercard's digital payments economy in Africa is projected to reach $1.5 trillion by 2030. The MADE Alliance aims to provide digital access to 100 million businesses and individuals over the next decade.
Ethio Telecom and Mastercard Partner to Expand Digital Financial Services in Ethiopia
Ethio Telecom and Mastercard announced a strategic partnership to enhance digital financial services in Ethiopia. A high-level meeting was held between Ethio Telecom CEO Frehiwot Tamru and Mastercard Africa President Mark Elliott.
