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Ethio Telecom Subscriber Base Grows to Become the Second Largest in Africa
Ethio Telecom surpassed its revenue target for the year, generating 75.8 billion birr. Key drivers included mobile voice and data services, alongside significant growth in its digital finance platform, Telebirr, which now supports millions of subscribers.
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USE CASE | South African Real World Assets Platform, AgriDex, Completes First On-Chain Coffee Trade, Exported from UK to South Africa
AgriDex, a Solana-based platform, completed its first on-chain coffee trade, connecting the coffee industry to blockchain technology. The transaction, involving Tiki Tonga Coffee, showcased low fees and instant settlements, while AgriDex aims to tokenize global agricultural markets.
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AGRI-0,82%
SOL-4,61%
TOKEN-1,53%
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Celo Community Approves a Regional DAO in Africa with Projects to Support Grassroots Builders
The Celo Community has approved the formation of a community DAO in Africa with the stated goal of scaling Web3 to developers and builders at the grassroots.
The proposal, which was made by Khadijah Amusat, went live for community voting on Wednesday 22 February 2023 and passed with
CELO-4,03%
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COMMUNIQUÉ DE PRESSE | Tether ($USDT) s'associe au Bureau des Nations Unies contre la drogue et le crime (UNODC) en Afrique
Tether collabore avec les Nations Unies pour renforcer la résilience des communautés face à la criminalité et à la protection des victimes, suite à une perte importante d'une banque kényane liée au blanchiment d'argent avec le stablecoin USDT.
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Ghanaian Payments Startup, PayBox, Believes Africa Can Leapfrog into DeFi
PayBox, a Ghanaian fintech startup, aims to leverage decentralized finance (DeFi) and blockchain technology to enhance cross-border financial transactions in Africa. Co-Founder David Boye-Doku emphasizes the need for financial inclusion and the potential of central bank digital currencies (CBDCs) to facilitate rapid economic growth.
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REGULATION | Tanzanian Fintech, NALA, Acquires Payments Service Provider (PSP) License from National Bank of Rwanda
NALA, an East African payments company, has received a payment service provider license from the National Bank of Rwanda. This approval allows NALA to enhance payment capabilities, manage internal disbursements, and improve international payment reliability, supporting the Rwandan economy.
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INTRODUCING | Global Fintech Giant, Stripe, Launches Tempo, a Payments-Focussed Blockchain for Stablecoins
Stripe and Paradigm’s stablecoin-focused blockchain Tempo has launched its first public testnet, marking a significant milestone in its path toward becoming a full-fledged layer-1 blockchain. The open-source testnet is now live, allowing anyone to ‘run a node or sync the chain’ to experiment with it
BTC-3,37%
ETH-3,64%
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FUNDING | Egyptian Operations Fintech, SETTLE, Raises $2 Million After Processing Over $1 Million in its Testing Phase
Egyptian B2B fintech SETTLE raised $2 million in a pre-seed round to enhance its platform for CFOs and business owners, streamlining financial operations and providing real-time data. The startup has processed over $1 million in transactions, aiming to digitize financial workflows in Egypt's cash-reliant market.
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