Africa | Crypto

"Africa" in Crypto feed

  • Kenya’s crypto tax could hinder Africa’s digital growth opportunity
    Cointelegraph.com - 11:26 Jun 09, 2025
    Kenya’s proposed 1.5% crypto transaction tax could disrupt Africa’s digital integration. As Kenya advances a 1.5% tax on every crypto transaction, the nation risks undermining its fintech leadership, driving startups and talent abroad. Opinion by: Chebet Kipingor, business operations manager at Busha As Kenya pushes forward with a revised 1.5% crypto transaction tax, it risks losing more than revenue — it could forfeit its regional fintech leadership, drive startups across borders, and fracture Africa’s digital economy before it can unify. Parliament is debating implementing the Digital Asset Tax (DAT) on every cryptocurrency transaction. While the intention to broaden the tax base is valid, the policy’s current form could deliver unintended consequences for Kenya and financial inclusion efforts across the continent. With over 450 million unbanked individuals in Africa, digital assets offer a real chance to leapfrog traditional infrastructure and extend financial services to underserved populations. This tax ...
  • Xend Finance, Risevest launch tokenized stocks platform in Africa
    Cointelegraph.com - 19:16 May 30, 2025
    The platform allows investors in Africa to access global real estate and stock markets through tokenized fractional shares using stablecoins. Xend Finance, a decentralized finance project backed by Binance and Google, is launching a platform in Africa to offer tokenized access to global real estate and stock markets. Partners in the launch include Risevest, a digital wealth management platform that offers individual and institutional investors exposure to global markets. The company recently acquired a broker-dealer license in the United States. According to a May 30 announcement, the new platform will allow users to invest in international real estate and stock markets by purchasing fractional shares via tokenization. The entry barrier is low, starting at $5 when investors use stablecoins such as USDt (USDT) and USDC (USDC). Read more
  • Father-son team lists Africa’s XRP Healthcare on Canadian stock exchange
    Cointelegraph.com - 14:30 May 19, 2025
    Father-son team Kain and Laban Roomes are using XRP Ledger to track and dispense medicines in Uganda and are listing the startup in Canada. Its been a long road for entrepreneur Laban Roomes and his footballer-turned-crypto founder son Kain, but their XRP Healthcare startup is in the process of going public on the Canadian stock exchange. They co-founded the Dubai-incorporated company with the goal of modernizing healthcare in Africa by combining crypto infrastructure, artificial intelligence, and real-world services. It operates a digital healthcare platform as well as a chain of pharmacies in Uganda using the XRP Ledger to track pharmaceutical supplies and patient outcomes. In the West, we take reliable pharmacies and access to medication for granted, says Laban. In parts of Uganda, that just isnt the case. This is about changing that and starting on the ground, not in the metaverse. Read more