Crypto & Web3

Nigeria has one of the most active crypto communities in the world. We cover it honestly. Funding, regulation, adoption, and the builders making Web3 work for African users despite regulatory headwinds.

Terrahex secures its first batch of Bitcoin mining machines to build a 9MW computing facility in Nigeria.

Business Post • Sep 15, 2026

Terrahex has secured its initial fleet of ASICs, which are undergoing testing and certification in Florida before being shipped to southern Nigeria.The company plans to launch its first 9MW modular computing facility in December 2026,… Read full article →

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Mastercard partners with Busha to launch its secure crypto transfer service, Mastercard Crypto Credential, in Nigeria.

Technext • Sep 10, 2026

The partnership enables eligible Busha users in Nigeria to send and receive digital assets using simplified, verified aliases like email addresses or phone numbers. Read full article →

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Yellow Card has secured conditional approval-in-principle from Nigeria's SEC to enter its regulatory incubation program, ARIP.

BusinessDay Nigeria — Technology • Sep 9, 2026

Yellow Card Financial Nigeria Limited has been conditionally admitted into the Securities and Exchange Commission's Accelerated Regulatory Incubation Programme (ARIP). Read full article →

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South Africa's financial regulator bars three Africa Bitcoin Corporation executives from the financial services industry for 20 years.

BitcoinKE • Sep 8, 2026

South Africa’s Financial Sector Conduct Authority (FSCA) has barred Africa Bitcoin Corporation (ABC) CEO Warren Wheatley, CIO Akshay Karan, and Media Head Tatum Wheatley from providing financial services or holding executive roles at financial institutions… Read full article →

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Nigeria and Canada are strengthening private-sector ties to boost collaboration in technology, talent exchange, and cross-border trade.

BusinessDay Nigeria — Technology • Sep 6, 2026

The Deputy High Commission of Canada in Lagos, RollaPay, and the African Impact Initiative hosted a 'Future of Work' reception in Lagos to connect tech talent, capital, and businesses. Read full article →

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Ghanaian remittance startup Seevcash secures $333,000 from Stellar network programs to expand its card and transfer services.

Tech Build Africa • Sep 3, 2026

Ghanaian fintech startup Seevcash raised $333,000 through four separate Stellar Development Foundation programmes, including two Stellar Community Fund grants and two ecosystem growth awards.The funding will accelerate Seevcash's expansion of its cross-border peer-to-peer money transfer… Read full article →

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Nigeria's SEC proposes high capital requirements and local ownership rules for online forex trading platforms.

Nairametrics • Sep 2, 2026

The Securities and Exchange Commission (SEC) of Nigeria has proposed a new regulatory framework for online forex trading and Contracts for Difference (CFDs).The draft rules mandate a minimum paid-up capital of N5 billion for technology/platform… Read full article →

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Egypt's Financial Regulatory Authority licenses Matra as the country's third credit-rating agency to expand its securities rating market.

EnterpriseAM Egypt • Aug 30, 2026

Egypt's Financial Regulatory Authority (FRA) approved the establishment of Matra as the nation's third credit-rating agency, ending Meris's long-standing monopoly in the market.Non-Banking Financial Institutions (NBFIs) in Egypt have until January 22, 2027, to align… Read full article →

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Nigerian agritech UfarmX facilitates $6.8M in West African commerce and plans Q4 expansion into Kenya.

Disrupt Africa — South Africa • Aug 28, 2026

UfarmX uses blockchain ledger technology to connect over 17,000 credit-scored smallholder farmers to quality inputs and post-harvest markets across Nigeria, Senegal, and Liberia.UfarmX plans to launch a credit-scoring API by the end of this year… Read full article →

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Visa, _able, and Onafriq partner to expand the Visa Flex Credential, enabling credit access on existing African debit cards.

Tech Build Africa • Aug 24, 2026

Visa, _able, and Onafriq have partnered to roll out the Visa Flex Credential across Central and Eastern Europe, the Middle East, and Africa (CEMEA).Onafriq will manage payment processing for eligible prepaid cards using its pan-African… Read full article →

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Nigeria's blockchain association calls for a 12-month review of virtual asset tax rules to prevent trading moving underground.

BusinessDay Nigeria — Technology • Aug 22, 2026

The Stakeholders in Blockchain Technology Association of Nigeria (SiBAN) has requested a 12-month review of the Nigeria Revenue Service's new virtual asset tax rules.SiBAN warns that taxing transaction values rather than realized gains could impose… Read full article →

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Ghana and Russia expand economic ties, focusing on local currency trade, nuclear energy, mining, and technology partnerships.

Business Post • Aug 22, 2026

Ghanaian Foreign Minister Samuel Okudzeto Ablakwa and Russian Foreign Minister Sergey Lavrov held bilateral talks in mid-August 2026 to deepen trade and investment.Bilateral trade between the two countries has grown from $247 million in 2022… Read full article →

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Africa-founded stablecoin infrastructure startup Blockradar surpasses $1 billion in transaction volume across more than 20 countries.

BitcoinKE • Aug 21, 2026

Blockradar, a wallet-as-a-service provider, announced on August 20, 2026, that it has crossed $1 billion in total transaction volume.The platform's infrastructure supports hundreds of fintechs across more than 20 countries, enabling stablecoin services like cross-border… Read full article →

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Nigeria's SEC has proposed rules requiring crypto firms to register, meet high capital demands, and share transaction data.

TechCabal • Aug 20, 2026

The Securities and Exchange Commission (SEC) proposed rules requiring all virtual asset operators targeting Nigerian users to register, even if based outside the country.Under the draft, regulated firms must provide the SEC with electronic or… Read full article →

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Ghana's SEC expands its crypto regulatory sandbox to 20 firms, targeting tokenised traditional assets and crypto services.

BitcoinKE • Aug 20, 2026

The Securities and Exchange Commission of Ghana (SEC Ghana) added nine new firms to its virtual asset sandbox, bringing the total participants to 20.New entrants like Yellow Card Ghana, GFX Brokers, and WeWire Ghana are… Read full article →

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Nigerian fintech startup Pouchers exits beta and raises $500,000 in pre-seed funding to scale its dollar and stablecoin services.

Innovation Village • Aug 18, 2026

Nigerian financial technology startup Pouchers has officially exited its beta phase after securing $500,000 in pre-seed funding.The round was led by Stack Directory LLC and will be used for product expansion, team growth, and market… Read full article →

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South Africa's High Court dismisses fintech Kastelo's bid to unfreeze funds following a R4 billion exchange-control probe.

Innovation Village • Aug 18, 2026

The Gauteng Division of the High Court in Johannesburg dismissed Kastelo's application to unfreeze its Access Bank accounts on July 28, 2026.The South African Reserve Bank (SARB) blocked the accounts on November 24, 2025, following… Read full article →

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The Central Bank of Nigeria invites fintechs and crypto firms to apply for its second regulatory sandbox cohort.

Business Post • Aug 14, 2026

The Central Bank of Nigeria (CBN) is accepting applications for Cohort 2 of its Regulatory Sandbox Programme from August 12 to August 31, 2026.The cohort introduces two tracks: a VASP track for virtual assets, stablecoins,… Read full article →

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The Central Bank of Nigeria opens its second regulatory sandbox cohort with a dedicated track for cryptocurrency firms.

Nairametrics • Aug 11, 2026

The Central Bank of Nigeria (CBN) will accept applications for its second Regulatory Sandbox cohort from August 12 to August 31, 2026.The new cohort features two pathways: a Virtual Asset Service Provider (VASP) track for… Read full article →

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Nigeria is building a unified regulatory and tax framework for cryptocurrencies to boost compliance and support business growth.

Nairametrics • Aug 8, 2026

The Nigeria Revenue Service (NRS), Central Bank of Nigeria, and Securities and Exchange Commission are aligning on a unified virtual asset framework.President Bola Ahmed Tinubu signed the Presidential Executive Order on Virtual Assets Coordination, 2026,… Read full article →

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Crypto exchange Roqqu launches tokenized stocks, allowing users to invest in global equities directly from its app.

Nairametrics • Aug 8, 2026

Roqqu has launched tokenized stocks mirroring global equities, allowing users in emerging markets to invest in international financial markets with smaller amounts through a single mobile interface. Read full article →

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Kenya's national exam council puts 15 million academic records on the Avalanche blockchain to eliminate credential fraud.

Techmoran • Aug 4, 2026

The Kenya National Examinations Council (KNEC) migrated 15 million academic records dating back to 1989 onto the Avalanche blockchain.The new digital verification registry aims to stop certificate forgery and drastically cut down manual verification times… Read full article →

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Yellow Card will shut down its retail trading app by January 2027 to focus on B2B stablecoin payments.

BusinessDay Nigeria — Technology • Aug 4, 2026

Yellow Card will stop serving retail customers on January 1, 2027, transitioning away from individual cryptocurrency trading services.The fintech is pivoting entirely to business-to-business (B2B) stablecoin payment rails, treasury management, and settlement infrastructure. Read full article →

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Nigeria mandates valid Tax Identification Numbers for activating new cryptocurrency accounts to improve tax compliance.

Innovation Village • Aug 3, 2026

The Nigeria Revenue Service (NRS) has directed crypto exchanges and wallet providers to require a Tax ID for all new user accounts.Medium and large companies generating profits from digital asset transactions must pay a 30%… Read full article →

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Nigerian crypto exchange Quidax expands its compliant stablecoin infrastructure to over 21 countries, accelerating cross-border payments.

Nairametrics • Jul 29, 2026

Quidax, the first digital assets exchange to receive a provisional licence from Nigeria's SEC, has expanded its stablecoin infrastructure to over 21 countries and 14 currencies. Read full article →

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Onafriq partners with Privy to build stablecoin-enabled infrastructure for faster pan-African cross-border payments and treasury settlement.

Business AM • Jul 29, 2026

Pan-African payment network Onafriq has partnered with stablecoin infrastructure provider Privy to develop embedded digital asset capabilities.The collaboration will initially focus on cross-chain stablecoin transfers, treasury management, and settlement workflows to address high transaction costs… Read full article →

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The Nairobi Securities Exchange partners with Tether to accelerate blockchain innovation and tokenized asset development in Kenya.

BitcoinKE • Jul 28, 2026

The Nairobi Securities Exchange (NSE) has signed a memorandum of understanding with stablecoin issuer Tether to explore blockchain innovation and digital financial infrastructure. Read full article →

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Kenya cuts stablecoin capital requirements by 40% to $2.32M to attract global issuers into its crypto market.

Bitcoin.com News • Jul 28, 2026

Kenya's National Treasury reduced the minimum paid-up capital for stablecoin issuers from $3.9 million to $2.32 million (300 million KES).The Central Bank of Kenya (CBK) will enforce strict oversight, requiring 1-to-1 asset backing and two-day… Read full article →

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Zimbabwe's securities regulator approves seven fintech startups, focusing on asset tokenization and blockchain, to enter its regulatory sandbox.

Bitcoin.com News • Jul 28, 2026

The Securities and Exchange Commission of Zimbabwe (SECZ) approved seven financial technology firms to participate in its supervised regulatory sandbox. Read full article →

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Gabon secures €312 million from Proparco and the IFC to modernize its strategic 648-kilometer Trans-Gabon Railway.

Innovation Village • Jul 26, 2026

Proparco, the International Finance Corporation (IFC), and Société d’Exploitation du Transgabonais (SETRAG) signed a €312 million financing agreement.The capital will fund the modernization of the 648-km Trans-Gabon Railway, which connects Owendo on the Atlantic coast… Read full article →

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