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Lisk's $15 million EMpower Fund will support post-incubation Web3 startups in Africa, Latin America, and Southeast Asia with funding and hands-on assistance. It aims to bridge the capital gap and ensure real-world utility, addressing past funding failures in emerging markets.

The Bitcoin network reached a major milestone by processing its one billionth transaction on May 5, 2024, reflecting its efficient handling of an average of 178,475 transactions daily since its inception in 2009.

Ripple has partnered with MFS Africa to enhance real-time mobile payments across 35 African countries. The collaboration aims to utilize Ripple's On-Demand Liquidity solution to address issues like high fees and slow settlements, while supporting MFS Africa's broader crypto strategy.

Kenya leads with 350,000 WorldCoin subscriptions, raising concerns over data security and sovereignty as the firm engaged local agents to collect iris data for global storage. Investigations reveal potential risks due to lack of regulatory approval and physical presence.

The Kenyan government has dropped financial impropriety charges against Flutterwave, following a freeze on its bank accounts due to money laundering allegations. Flutterwave denied the accusations, asserting compliance with regulatory standards.

Nigerian digital lending startup Carrot, has secured US$4.2 million in seed funding to expand access to credit for individuals and businesses across Africa.
Carrot enables users to unlock credit by using assets such as stocks, fixed-income instruments, crypto, and other alternative investments as c

SIMAD iLab, a tech hub established by SIMAD University in Mogadishu, has seen substantial growth in five years, supporting startups and creating jobs. Its recent upgrade enhances its role in Somali innovation, making it one of Africa's top tech hubs.

Kwara, a Kenyan fintech, secured $3 million in seed funding to expand its client base and services in 2023. With a new partnership with KUSCCO, Kwara aims to digitize SACCO operations and improve its neobank offerings for members.

Chimoney has acquired Scrim, a Nigerian social payment app, enhancing its features for a relaunch in December 2023. Scrim will maintain its identity while integrating Chimoney’s capabilities, allowing global payments and new earning opportunities for users.

The Mauritius Financial Services Commission (FSC), the regulatory authority responsible for the regulation, supervision and inspection of financial services has published a consultation paper on metaverse.
According to the commission, the metaverse describes what many expect to be the next