Kenya and Ghana lead Africa’s crypto regulatory charge
Kenya and Ghana are the latest nations to introduce comprehensive cryptocurrency regulations, signaling a major shift from skepticism to structured oversight. Kenya’s new “Virtual Asset Service Providers Bill” establishes clear licensing for exchanges and defines a role for its central bank, particularly for stablecoins. Similarly, Ghana’s central bank has released a detailed draft policy, proposing a […]
Congo unveils ethically tracked artisanal cobalt
In a major step for sustainable technology, the Democratic Republic of Congo (DRC) has announced its first production of 1,000 tons of fully traceable artisanal cobalt. This is a pivotal development for the mineral, which is essential for powering electric vehicles and other electronics. The DRC, responsible for over 70% of global cobalt reserves, has an […]
How Japan is betting big on Africa’s startup ecosystem
Japan is reshaping its relationship with Africa by transitioning from traditional aid to strategic venture capital investments, targeting sectors such as fintech, mobility, and climate technology. As global investors rethink conventional VC models that often overlook Africa’s unique challenges, Japanese firms are stepping in with approaches tailored to local realities. Their model incorporates capacity building […]
Kenya’s labor export push sparks fears of abuse
Kenya is undergoing a profound economic shift, where the export of human labor has officially surpassed traditional goods like coffee as a primary revenue source. To address a severe financial crisis, President William Ruto’s administration is aggressively promoting labor exports, aiming to send over a million workers abroad annually. This strategy, however, deliberately positions Kenyan domestic […]
Nigeria secures $50b for Africa’s second-largest refinery
Nigeria is set to further reshape Africa’s refining landscape as an international energy consortium has secured over $50 billion to build a 500,000-barrel-per-day refinery and free trade zone in Ondo State. The project, led by Backbone Infrastructure Nigeria Limited in partnership with Canada’s NEFEX Holdings, will become Africa’s second-largest refinery, surpassing Algeria’s Skikda and sitting just behind […]
Ghana cuts exploration tax to spark mining boom
Ghana is scrapping its 15% value-added tax on mineral exploration in a bid to revive investment in a sector that has struggled to attract new projects for more than two decades. The levy, introduced 25 years ago, had raised upfront costs for drilling and assay work, prompting industry groups to warn that it undermined Ghana’s competitiveness compared […]
