This weeks update on all things Money & DeFi
Africa Money & DeFi Summit
The Africa Money & DeFi Summit connects industry leaders from fintech, crypto and DeFi. Curated by Africa Tech Summit
Early Bird Tickets - On Sale Now
After a sold out 2022 and 2023, join 300+ delegates at Africa Tech Summit London for unrivalled insights, exclusive networking and business opportunities with tech leaders and investors in London June 7th. ?Grab your early bird tickets today HERE
??? EP27 Podcast: Exploring the Nexus Between Energy, Fintech, & Development
Listen to the podcast on 'Exploring the Nexus Between Energy, Fintech & Development' With insights from Easy Solar a company distributing and financing solar solutions in Sierra Leone and Liberia, featuring Nthabiseng Mosia, Co-founder & CCO, Easy Solar and hosted by Boko Inyundo, Founder, The SixthD. Via Africa Tech Summit ?Listen Now
How a Jack Dorsey-backed Bitcoin Miner Uses a Volcano in Kenya to Turn on the Lights in Rural Homes
Backed by Jack Dorsey’s Block, Gridless electrifies its machines with a mix of solar power and the stranded, wasted energy from a nearby geothermal site. It’s one of six mines run by the company in Kenya, Malawi and Zambia, powered by a mix of renewable inputs and working toward a broader mission of securing and decentralizing the bitcoin network. Via CNBC Read More
Nigeria Launches First Multilingual Large Language Model in Africa
Through the Ministry of Communications, Innovation, and Digital Economy, the Nigerian government has launched Nigeria’s first multilingual large language model (LLM) as the country pushes forward to take a leadership position in artificial intelligence (AI) development in Africa. Via Cointelegraph Read More
South African Crypto Exchange, AltCoinTrader, Receives Category 1 & Category 2 Licences
In 2022, in a first for Africa, FSCA classified crypto assets as financial products requiring regulatory oversight. According to the authority, this aims to protect consumers from the inherent risks associated with the crypto market, such as fraud and money laundering. Via BitcoinKE Read More
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The Current State of Fintech Regulation: Challenges and Opportunities
Fintech experts emphasize the need for regulatory innovation to keep pace with technological advancements. Flexible regulatory frameworks that encourage experimentation and adaptation can drive innovation while safeguarding against potential risks. Regulatory sandboxes and pilot programs provide valuable testing grounds for new fintech solutions. Via EMTECH Read More
Nigerian Blockchain-Based Payment Startup, Ivorypay, Partners With Stablecoin Issuer, Tether
This collaboration allows the stablecoin issuer to mint and issue USDT directly to Ivorypay. The arrangement is expected to extend the benefits of stable digital transactions to a larger number of consumers and businesses across the African continent. Via Bitcoin.com Read More
MTN MoMo Expands its Africa Remittance Network
MTN has expanded its Mobile Money (MoMo) fintech offering’s remittance network by adding 25 new wallet corridors across 10 African countries, taking its total remittance network on the continent to 200 million wallets across 24 countries. Via Tech Central Read More
Inside LemFi’s Play to be Fintech to the Global South Diaspora
After being shut down by regulators in Ghana in November over what was described as “illegal†activities, LemFi is back in business in the country, and it’s now gearing up for a big expansion into Asia. Via TechCrunch Read More
African Ventures Invited to Apply for the Africa Tech Summit London Investment Showcase
To qualify for the showcase, ventures must be African, with at least one African co-founder or headquartered in Africa, have a product or service that is innovative and designed for scale and must be able to present in person at the summit.?Submit your application by 2nd May 2024 to be considered. Apply Here
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