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REGULATION | Kenya Data Protection Office Issues Notice as Locals Throng for WorldCoin Registration
Kenya's Office of the Data Protection Commissioner warns citizens to be cautious when registering for the WorldCoin program, as it involves sensitive personal data. With 350,000 Kenyans already signed up for free tokens, the initiative aims to provide digital identification amidst AI advancements.
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WLD0.58%
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PARTNERSHIP | Ecobank Partners with Ripple-Powered Payments Platform, Nium, to Unlock Real-Time Payments Across 35 African Markets
Nium, a global infrastructure for real-time cross-border payments, announced a partnership with Ecobank Transnational Incorporated, an independent pan-African financial services group, to enable seamless cross-border payments across 35 African markets for more than 32 million customers.
This partne
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FUNDING | Egyptian Fintech, Khazna, Closes $16 Million Pre-Series B After Growing User Base to Over 500,000
Khazna, an Egyptian fintech startup, has secured $16 million in pre-Series B funding for domestic growth and expansion into Saudi Arabia. The company, founded in 2020, aims to enhance financial inclusion in the MENA region, targeting user deposits and cross-border services.
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5 of Africa’s Largest Banks Sign Up to Use the Pan-African Payment and Settlement System (PAPSS)
Ecobank Group and four other major African banks have signed an MoU to use the Pan-African Payment and Settlement System (PAPSS) for cross-border transactions, enhancing financial integration in Africa. The service aims for a January 2024 launch.
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CALL FOR APPLICATIONS | Early-Stage VC, Antler, Expands Operations to Nigeria, Announces Inaugural Nigerian Cohort
Antler, a global early-stage VC firm that launched in Kenya in 2019, has expanded its operations to Nigeria.
Founded in 2017 in Singapore, Antler has established a presence in major entrepreneurial hubs worldwide. The firm has invested in over 400 companies and focuses on identifying and
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TOKENIZATION | Nairobi Securities Exchange (NSE) to Launch Regulated Digital Assets Exchange and Tokenization Platform in Kenya
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
TOKEN1.35%
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Unstoppable Domains Launches .Polygon Web3 Domains in Partnership with Polygon Layer 2
Unstoppable Domains has teamed up with Polygon Labs to launch .polygon Web3 domains, allowing users to create custom digital identities for seamless access to dApps, crypto transactions, and decentralized websites. A 25% discount is available for early adopters.
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LIST | Kenya’s AntuGrow Emerges Top in the Just Concluded NEAR Horizon Accelerator Cohort 2
AntuGrow, a Nairobi-based startup, excelled in the Near Horizon Accelerator, utilizing blockchain for farmer financing by creating credit scores from harvest records and satellite data. The company aims to connect farmers globally to affordable capital, having achieved significant milestones in just eight weeks.
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