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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.

Crypto & Web3

Kenya publishes its comprehensive 2026 VASP Regulations, setting a November 2026 compliance deadline for all digital asset firms.

BitcoinKE • Jul 25, 2026

Kenya released its 116-page Virtual Asset Service Providers (VASP) Regulations, 2026, establishing a comprehensive legal framework for digital assets.The framework mandates licenses for stablecoin issuers and tokenized real-world assets (RWAs), while requiring CBK authorization for… Read full article →

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Chinese digital asset infrastructure provider Cregis is expanding into Africa, targeting enterprise markets in Nigeria, Kenya, and South Africa.

Innovation Village • Jul 23, 2026

Cregis is launching enterprise-grade blockchain infrastructure operations to support wallet management, custody, and treasury operations for businesses in Nigeria, Kenya, and South Africa. Read full article →

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Moroccan super app ORA Technologies secures an additional $2 million, bringing its Series A round to $10 million.

Disrupt Africa • Jul 22, 2026

Moroccan super app ORA Technologies has extended its Series A funding round to a total of $10 million after securing an additional $2 million.The fresh capital was raised from local investors, following a prior Series… Read full article →

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LemFi partners with BVNK to use regulated stablecoins for faster, cheaper cross-border payments behind the scenes.

Innovation Village • Jul 22, 2026

African fintech LemFi has partnered with BVNK to settle cross-border transactions using stablecoins rather than traditional SWIFT or correspondent banking rails. Read full article →

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Busha Business partners with Tether to bring licensed stablecoin infrastructure to African businesses

Nairametrics • Jul 20, 2026

Busha Business, the B2B arm of Nigerian crypto platform Busha, has partnered with Tether, issuer of the world's largest stablecoin, USDT to expand licensed stablecoin infrastructure for African businesses across Nigeria and Kenya. Read full article →

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Tinubu signs executive order to unify Nigeria's fragmented virtual assets regulation immediately

Techeconomy • Jul 17, 2026

President Tinubu signed the Presidential Executive Order on Virtual Assets Coordination, 2026, effective immediately, under Section 5 of the 1999 Constitution. The order aims to close regulatory gaps that have allowed unregistered and fraudulent crypto… Read full article →

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Visa launches enterprise stablecoin platform for banks and fintechs to mint and manage stablecoins

BitcoinKE • Jul 17, 2026

Visa has unveiled the Visa Stablecoin Platform (VSP), enabling financial institutions, fintechs, and crypto-native firms to issue, manage, and integrate stablecoins starting with Open USD, a dollar-backed stablecoin developed by the Open Standard consortium. Read full article →

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Stablecoin travel payments platform Timon hits 100,000 users and deepens Kenya presence

Techeconomy • Jul 9, 2026

Timon, a stablecoin-powered travel payments platform founded by Tomi Ayorinde and Chizaram Ucheaga, has crossed 100,000 users and secured investment from crypto accelerator Alliance after being accepted into its programme. Read full article →

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Renew Capital selects 15 African startups to close the continent's $330bn SME financing gap

BusinessDay Nigeria — Technology • Jul 9, 2026

Renew Capital selected 15 African tech startups through its inaugural Venture Lab: Embedded Finance (EmFi) Series accelerator, chosen from over 500 applicants across 48 African countries, to build embedded financial products including loans, payments, insurance,… Read full article →

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South African AI startup Refiant launches Protea with 10 million-token context window, beating ChatGPT and Claude

Tech Financials • Jul 8, 2026

Refiant, founded by Dr Viroshan Naicker, Siddharth Gutta and Mathew Haswell, launched Protea, a suite of long-context AI models with a 10 million-token context window, roughly 10x larger than leading competitors like Claude and ChatGPT.Protea… Read full article →

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EBID approves $417m across five projects in Nigeria, Ghana, and Côte d'Ivoire

African Business Magazine • Jul 8, 2026

ECOWAS Bank for Investment and Development (EBID), chaired by President Dr George Agyekum Donkor, approved financing at its 99th Ordinary Session on 6 July 2026.Over $417m was committed across five projects spanning transport infrastructure, affordable… Read full article →

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OKX restores full platform access and P2P trading for Nigerian users after 2024 exit

Technext • Jul 8, 2026

OKX, one of the world's largest crypto exchanges, has restored full platform access including peer-to-peer (P2P) trading for Nigerian users, roughly two years after suspending services in August 2024. Read full article →

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Flutterwave secures Circle Ventures investment and launches USDC stablecoin settlement across its platform

Nairametrics • Jul 7, 2026

Nigerian fintech Flutterwave has received a strategic investment from Circle Ventures and integrated USDC stablecoin settlement into its payments platform, announced by CEO Olugbenga Agboola on July 7. Read full article →

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Tanzania's central bank bought 28 tonnes of gold in 18 months to strengthen reserves and currency

Capital FM Business Kenya • Jul 7, 2026

The Bank of Tanzania (BoT), led by Governor Emmanuel Tutuba, has purchased approximately 28 tonnes of gold over the past 18 months as part of a deliberate reserve diversification strategy. Read full article →

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Tanzania completes IAEA nuclear energy preliminary steps, targets electricity generation in seven years

AllAfrica Business • Jul 6, 2026

Tanzania Atomic Energy Commission (TAEC) Director General Prof. Najat Kassim Mohammed announced progress at the 50th Dar es Salaam International Trade Fair on July 5, 2026.Tanzania has completed preliminary preparations across 19 IAEA-required infrastructure steps… Read full article →

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Kenya's Treasury wants stablecoin issuers to park 30% of reserves in local banks

Bitcoin.com News • Jul 5, 2026

Kenya's National Treasury has proposed requiring stablecoin issuers to hold at least 30% of their asset reserves in Kenyan commercial banks, aiming to protect local investors and stabilize the domestic financial ecosystem.Crypto exchanges and industry… Read full article →

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Nigeria's SEC grants Approval-in-Principle to seven more crypto firms including Luno and Koinkoin

Innovation Village • Jul 3, 2026

Nigeria's Securities and Exchange Commission (SEC) granted Approval-in-Principle (AIP) to seven digital asset companies: Bitbarter Technologies, Luno Fintech Nigeria, GetEquity, Koinkoin Global Network, Wrapped CBDC, Trovotech, and Blockvault Custodian, under its Accelerated Regulatory Incubation Programme… Read full article →

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Visa, M-Pesa, and Onafriq pilot stablecoin cross-border payments in the DRC

Techpoint Africa • Jul 2, 2026

Visa, M-Pesa, and pan-African payments company Onafriq have launched a stablecoin pilot in the Democratic Republic of Congo to test faster, cheaper cross-border mobile money settlements via blockchain rails rather than traditional banking infrastructure. Read full article →

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Alcoa buys South32's aluminium assets for $5.6bn, including SA's Hillside smelter

Daily Maveric • Jul 1, 2026

US aluminium giant Alcoa is acquiring South32's global aluminium portfolio, including the Hillside smelter in Richards Bay, KwaZulu-Natal, in a cash-and-shares deal worth up to $5.6-billion, announced this week. Read full article →

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Paga partners with TBook to give users access to tokenized real-world asset investments

Innovation Village • Jun 30, 2026

Nigerian fintech Paga is partnering with blockchain infrastructure startup TBook to embed tokenized real-world asset (RWA) investments, including fixed-income and private assets, into its platform and Paga Engine, which processed about $12 billion in transaction… Read full article →

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Stabyl raises $2.7M pre-seed to build stablecoin-powered FX infrastructure for African financial institutions

Techeconomy • Jun 29, 2026

Stabyl, a fintech co-founded by Prince Nnamdi Ekeh (former Co-CEO of Konga Group), Zachary Schwartzman, and Michael Anyi, has raised a $2.7 million pre-seed round led by Konga to build institutional-grade foreign exchange infrastructure for… Read full article →

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Nigeria and Rwanda sign crypto regulation pact to fight fraud across digital asset markets

Bitcoin.com News • Jun 27, 2026

Rwanda's Capital Markets Authority and Nigeria's Securities and Exchange Commission signed a cooperation agreement covering capital markets and digital asset oversight, expanding Nigeria's cross-border regulatory alliances that already include Ghana, Egypt, and South Africa.Nigeria's cryptocurrency… Read full article →

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US backs Robert Friedland's tech firm with $250m, boosting his Liberia mining credibility

AllAfrica Business • Jun 26, 2026

The U.S. Department of Commerce awarded $250 million to I-Pulse, a tech company co-founded by billionaire mining entrepreneur Robert Friedland, under its CHIPS Research and Development Program to develop next-generation silicon-carbide semiconductors and pulsed-power drilling… Read full article →

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Nairobi fintech Daya raises $2.4M to unify cross-border payments for African businesses

Technext • Jun 24, 2026

Daya, founded by Tomiwa Lasebikan and Paul Joe in October 2025, raised $2.4 million in a pre-seed round led by Hivemind Capital, with Lattice Fund, Alliance, and Aptos also participating.African businesses currently juggle multiple providers… Read full article →

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Nigerian fintech Daya raises $2.4 million to power stablecoin cross-border payments for African businesses

TechCabal • Jun 24, 2026

Lagos-based startup Daya, founded in October 2025 by Tomiwa Lasebikan and Paul Joe, raised a $2.4 million pre-seed round led by Hivemind Capital, with participation from Lattice Fund, Alliance DAO, Aptos Foundation, and Globelink Investment.… Read full article →

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Nigeria hits $48.2M daily P2P stablecoin volume as Web3 investment more than doubles

ITPulse Nigeria • Jun 24, 2026

Nigeria recorded $48.2 million in daily peer-to-peer stablecoin transfer volume on centralised exchanges in 2025, according to the Nigeria Web3 Landscape Report 2025 by venture capital firm Hashed Emergent.Stablecoin deposits surged 9,000% between 2018 and… Read full article →

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Yellow Card gains Swiss AML approval to offer regulated stablecoin payments into African markets

Innovation Village • Jun 24, 2026

Yellow Card secured regulatory anti-money laundering affiliation in Switzerland as a supervised financial intermediary, giving it a regulated Swiss subsidiary for institutional stablecoin payments.The Swiss base in Lugano, Canton of Ticino, allows institutional and corporate… Read full article →

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PayPal shuts its VC arm, casting doubt on its USD 100M Africa funding pledge

WeeTracker • Jun 23, 2026

PayPal Ventures has wound down operations, shrinking from over 10 partners in late 2025 to just two, with no employees listed on PayPal's website, as part of a sweeping restructuring under new CEO Enrique Lores,… Read full article →

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Cyprus fintech Capital.com gets FSCA licence to offer CFD trading in South Africa

Innovation Village • Jun 23, 2026

Capital.com, founded in 2016 and operating in the UK, Australia, Kenya and elsewhere, has received dual FSCA authorisation as an Over-the-Counter Derivatives Provider (ODP) and Category 1 Financial Services Provider (FSP), allowing it to onboard… Read full article →

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Kenya's CA records 3.37 billion cyber threats in Q1 2026 despite overall decline

Capital FM Business Kenya • Jun 20, 2026

Kenya's Communications Authority (CA), via the KE-CIRT/CC, recorded 3.37 billion cyber threat events between January and March 2026, a 26.15% drop from Q4 2025, though malware and brute-force attacks actually increased.Those targeted include internet service… Read full article →

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