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2024 MILESTONE | Stablecoins Locked on Ethereum Layer 2 Networks Surpass $13 Billion in 2024, USDT Dominates
Stablecoins on Ethereum layer-2 networks have reached $13.5 billion, driven by demand, with Tether, Circle, and Ethena leading in supply. The overall stablecoin market surpassed $205 billion by December 2024, demonstrating significant growth in the cryptocurrency ecosystem.
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Zimbabwe’s Blockchain-based E-Livestock Global to Expand Livestock Traceability System Across Africa Post Pre-Seed Funding
E-Livestock Global, a Zimbabwean startup which has developed hardware and software to generate vital data on livestock, plans to expand to several new markets following its increasing performance.
E-Livestock Global was founded in 2019 and launched in 2021 to capture cattle data and enable
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PARTNERSHIP | Jambo and Coinbase Partner to Provide Mobile Devices and Onchain Services in Africa, Asia, and South America
Jambo, a builder of Web3 mobile infrastructure to unlock the digital economy in emerging markets, today announced its partnership with Coinbase, a leading and trusted place to buy, sell, store, and transfer digital currencies.
JamboPhones will now feature Coinbase Wallet, a self-custody crypto
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FUNDING | Nigeria’s YouVerify Raises $2.5 Million After Doubling Client Base in Less Than 2 Years
YouVerify, a Nigerian identity verification company, raised $2.5 million from Elm. It aims to enhance AML compliance and global risk intelligence, expanding its verification services across 145 jurisdictions and 46 countries while serving 800 clients.
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FUNDING | WorldCoin Looking to Raise $50 Million in Discounted $WLD Token Sale to Investors
Tools For Humanity is in talks to raise $50 million through an over-the-counter sale of $WLD tokens at a discount. Despite regulatory issues in Kenya, WorldCoin has seen significant participation and funding from notable venture capitalists.
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WLD-2,36%
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CBDC | Blockchain Solutions Platform, Gluwa, Meets Vice President of Ghana as it Explores Providing Adoption Support for the eCedi CBDC
Gluwa's CEO, Tae Oh, met Ghana's Vice President to discuss tech solutions for financial inclusivity, focusing on the country's CBDC development and a satellite-based ISP to enhance digital access. Gluwa is also collaborating on Nigeria's eNaira and exploring a CBDC for Liberia.
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LIST | From Nairobi to Silicon Valley – Meet the 10 Kenyan Startups Competing for $1 Million at Startup World Cup 2025
Kenya’s startup ecosystem has reached a significant milestone with the successful hosting of its inaugural Startup World Cup regional competition. This event, held at the Kenya Startup Festival and organized by the Kenya National Innovation Agency (KeNIA), attracted over 160 applications from
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INTRODUCING | Inaugural Celo Public Goods Funding Initiative Rewards Key Projects and Initiatives in Africa
May 2024 marked a significant milestone for the Celo ecosystem as it implemented its first Retroactive Public Goods Funding (RPGF) program. The RPGF pilot was rolled out with a record reward pool of 250,000 CELO to recognize and incentivize the most valued contributions to the Celo community from th
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INTRODUCING | PAPSS to Launch African Currency Marketplace, an FX Market for African Currencies Without 3rd-Parties, in 2025
The Pan-African Payments and Settlement System (PAPSS) is set to introduce an African currency marketplace later in 2025, its CEO revealed in a recent interview.

Supported by 15 central banks and already connected with 150 commercial banks, PAPSS seeks to tackle persistent liquidity and currenc
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FUNDING | Nigerian Embedded Finance Fintech, Anchor, Raises $2.4 Million After 30% MoM Revenue Growth
Anchor, a fintech startup from Nigeria, has raised $2.4 million in seed funding led by Goat Capital. With partnerships in embedded finance, it offers APIs for banking and payment solutions, facilitating growth for fintechs and SMEs. Since its launch in August 2022, Anchor has expanded its client base from 30 to 270 and achieved notable transaction volumes.
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