Web 3.0 in Africa:
Trends, Transformations and Triumphs
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All Articles
April 17, 2024
Africa, Blockchain
Access to Finance: Digital and Web3 Lending in Africa
Thank you for visiting our blog post 🦙🌟 In sub-Saharan African (SSA) countries, the freedom of money transaction has increased over the past decade with the spread of mobile phones and the expansion of mobile money. However, challenges persist in the financial sector, such as limited access to bank accounts including mobile money accounts, and high barriers to lending for small and medium-sized enterprises (SMEs). Blockchain-based lending lowers interest rates, introduces new collateralizatio
April 15, 2024
Ethiopia: From Crypto Ban to Crypto Regulation
Ethiopia, the second-most populous nation in Africa (123 million people), has had an evolving relationship with cryptocurrencies. Initially taking a cautious stance, the country went from outright bans to a guarded exploration of the potential benefits of crypto and blockchain technology. This shift reflects the global trend of governments grappling with the disruptive force of cryptocurrencies.
April 10, 2024
Blockchain
Blockchain-Powered Carbon Offset Trade
Thank you for visiting our blog post 🦩🌟 In this post, we explore the critical challenges faced by the voluntary carbon market (VCM) in demonstrating and verifying the impact of carbon offsetting measures. Blockchain emerges as a solution to address credibility issues, fragmentation, and low liquidity in carbon markets. We introduce several existing blockchain-powered carbon trade platforms. Blog posts related to this post: EMURGO Africa 2023 Annual Report: EMURGO Africa’s 2023 Key Contribut
April 3, 2024
Africa, Blockchain
South Africa’s Crypto Regulations Set Stage for More Web3 Adoption
South Africa's proactive regulation of cryptocurrency, leading to its classification as a financial product by the Financial Sector Conduct Authority in October 2022, marks a significant milestone in Africa's crypto landscape, driving Web3 adoption, boosting investor confidence, and positioning the country as a top destination for crypto use in retail.
March 27, 2024
Kenya's Crypto Trade Grows Even as New Regulations Loom
Kenya's crypto trade is growing, driven by increasing awareness among the youth of mobile money integration, high internet penetration, and government exploration. Despite the uncertainties over impending regulations, the Kenyan government, exercising caution, is actively exploring potential applications of blockchain technology and a Central Bank Digital Currency (CBDC).