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In a world where decentralization and community-driven finance are gaining traction, South Africa’s stokvel revolution offers a real-world case study of grassroots financial coordination – and it’s booming.
Stokvels are South Africa’s community-based savings groups, and according to FNB, stokvel ac

The Federal High Court has dismissed an interim injunction request by eNaira Payment Solutions Limited seeking to restrain the Central Bank of Nigeria (CBN) from using the ‘eNaira’ trademark.
The company requested an interim injunction to prevent the Central Bank of Nigeria from asserting any

South African fintech startup, SOLmate, is riding a wave of explosive growth, doubling its active user base to around 100,000 over the past year. The surge comes amid skyrocketing demand for eWallet solutions and strategic partnerships aimed at expanding access to digital payments in underserved

The collapse of Nigeria's CBEX Ponzi scheme led to significant financial losses for many Nigerians. Operating under ST Technologies International Ltd, Smart Treasure/Super Technology, the scheme left victims devastated.

LocalBitcoins.com is shutting down; users urged to withdraw funds promptly to safeguard cryptocurrency holdings. Visit the website for assistance.

Kenyan High Court orders WorldCoin Foundation to delete biometric data of citizens due to breaches in data protection and privacy rights.

Kenya Central Bank considers adding gold to foreign reserves to diversify and enhance financial stability amidst global economic uncertainty, aligning with a trend observed among African central banks.

Ghana-based fintech, ZeePay, has secured $18 million in senior secured debt funding, aimed at scaling its digital payment infrastructure and meeting the liquidity demands of real-time remittance flows – drawing parallels with how crypto protocols manage liquidity and settlement.
Founded in 2014, Ze

Kenya is set to become a continental leader in digital asset trading with the launch of the Kenya Digital Exchange (KDX), a fully regulated tokenization platform developed through a strategic partnership between:
DeFi Technologies
SovFi Inc.
Valour Inc., and
The Nairobi Securities Exchange

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South African payments infrastructure startup, Stitch, has secured $55 million in a Series B funding round. This brings its total capital raised to $107 million in under four years.
The new funds will support the expansion of its in-person payment solutions, enhance its online payments platform, an

Nigerian national Charles Uchenna Nwadavid faces charges in the U.S. for allegedly scamming victims of over $2.5 million through romance scams and laundering the money via cryptocurrency. Arrested in Texas, he could face up to 20 years in prison if convicted.

SEC Nigeria postponed issuing new provisional licenses to cryptocurrency startups in their ARIP due to the need for further due diligence. Collaboration with key agencies is ongoing, and a new law targeting crypto influencers is set to take effect in June 2025.