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LIST | Here Are the 28 Leading African Fintechs Partnering with Circle in New Stablecoin Network
Circle has launched the Circle Payments Network (CPN) to transform cross-border payments using regulated stablecoins like $USDC. Set for a limited release in May 2025, CPN connects diverse financial institutions for real-time settlements, enabling various payment use cases and enhancing global transactions, especially for African enterprises.
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CALL FOR APPLICATIONS | [DEADLINE: FEBRUARY 29 2024] Ghana Startups Invited to Apply for UNICEF Startup Lab Accelerator
The UNICEF StartUp Lab is a six-month accelerator in Ghana for startups focused on the Sustainable Development Goals benefiting children and youth. It offers mentorship, funding, and expertise, targeting operational businesses that use technology for social impact.
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LIST | 23 African Startups Successfully Complete the Inaugural Lisk Blockchain Incubation Hub, Receiving $196K in Grants
The Lisk Blockchain Incubation Hub has completed its first cohort, training 23 African startups, which received $196,000 in grants and achieved notable success. Applications for the second cohort, starting May 19, 2025, are now open, offering mentorship and additional funding opportunities.
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XTTA-3,27%
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LAUNCH | PayPal Launches Dollar-Backed Stablecoin, PayPal USD (PYUSD), on the Ethereum Blockchain
PayPal has launched a stablecoin, PayPal USD, fully backed by U.S. dollar deposits and short-term Treasuries. This milestone enables transactions and fund transfers in digital currencies, enhancing payment experiences in virtual environments.
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The Central Bank of Nigeria (CBN) Regulatory Sandbox Goes Live
The Central Bank of Nigeria has launched its regulatory sandbox to foster innovation in financial services. It invites submissions from licensed financial institutions and non-regulated tech companies to test novel financial solutions under regulatory oversight, aiming to enhance accessibility and efficiency in the sector.
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[WATCH] The Central Bank of Nigeria Expands eNaira Use with ARGO Wallet Targeting 5 Million Farmers By 2024
The CBN and ANAACOP launched the ‘Agro eNaira Wallet Engagement’ to enroll five million farmers in northern Nigeria for the 2023-2024 farming seasons, facilitating soft loans through eNaira wallets to improve financial access and streamline support.
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REGULATION | South Africa Could Unlock ~$30 Million in Tax Revenue in 5 Years by Modernizing Crypto Rules, Says Luno
South Africa has a major opportunity to boost government revenue, attract institutional capital, and strengthen its regulatory standing by simply updating how it classifies crypto assets.
TL;DR
Reclassifying crypto as onshore could bring in $29.7 million in extra taxes over 5 years
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INTRODUCING | World’s First AI Software Engineer, Devin, Has Completed Real Jobs on Upwork
Cognition has introduced Devin, the world's first AI software engineer, capable of completing engineering tasks and navigating job interviews. While praised for its advanced capabilities, concerns about complexity and job displacement persist. Devin may enhance collaboration between AI and human engineers.
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FUNDING | Ivory Coast Fintech, Djamo, Raises $17 Million After Surpassing 1 Million Customers and Serving Over 10,000 SMEs
Ivory Coast fintech startup Djamo raised $17 million for expansion in mobile banking services across Francophone Africa, aiming to enhance financial inclusion for the underserved and accelerate growth in the region.
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