{"id":43785,"date":"2025-08-24T13:01:47","date_gmt":"2025-08-24T13:01:47","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=43785"},"modified":"2025-08-24T13:01:47","modified_gmt":"2025-08-24T13:01:47","slug":"africa-crypto-news-week-in-review-nigeria-partners-with-chainalysis-south-africa-to-release-crypto-framework-as-stablecoin-adoption-rises","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=43785","title":{"rendered":"Africa Crypto News Week in Review: Nigeria Partners with Chainalysis, South Africa to Release Crypto Framework, as Stablecoin Adoption Rises"},"content":{"rendered":"<div>\n<p><span data-preserver-spaces=\"true\">In Africa crypto news this week, the Nigerian financial enforcement agency is partnering with blockchain analysis platform Chainalysis to combat fraud. In Kenya, Honeycoin has raised $4.9 million to boost its crypto and fiat payments network. Meanwhile, in South Africa, the finance minister said there are plans to release a crypto framework by the end of the year. The Bank of Ghana is also joining hands with the University of Ghana to promote financial innovation and develop policy. On the continental level, the IMF has found that stablecoin usage in Africa accounts for approximately 6.7% of the continent\u2019s GDP.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/16.0.1\/72x72\/1f30d.png\" alt=\"\ud83c\udf0d\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> Did You Know\u2014South Africa is leading the crypto revolution in Africa with an 18% adoption rate among internet users aged 16-64?<\/p>\n<p>Not only is it the first country in Africa to recognize crypto as a financial product, but cities like Johannesburg are also making global waves,\u2026 <a href=\"https:\/\/t.co\/UskwO7n2vA\" rel=\"nofollow\" target=\"_blank\">pic.twitter.com\/UskwO7n2vA<\/a><\/p>\n<p>\u2014 Lisk (@LiskHQ) <a href=\"https:\/\/twitter.com\/LiskHQ\/status\/1828807979170173379?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">August 28, 2024<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">Let\u2019s look at crypto stories making continental headlines this week:<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Nigeria Crypto News: SEC Partners with Chainalysis to Combat Fraud<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The Nigerian Securities and Exchange Commission (SEC) has <\/span><a class=\"general-link\" href=\"https:\/\/www.chainalysis.com\/blog\/nigerian-sec-vision-trusted-crypto-ecosystem\/\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">joined hands<\/span><\/a><span data-preserver-spaces=\"true\"> with blockchain platform Chainalysis to combat crypto fraud within the country. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">SEC Director General Emomotimi Agama confirmed the partnership at an event titled \u201cCombating Scams with Blockchain Intelligence.\u201d<\/span><\/p>\n<p><iframe loading=\"lazy\" title=\"Cross-Chain Investigations: Tracing Crypto Across Blockchains\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/5sHOAZnJQVM?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><span data-preserver-spaces=\"true\">Chainalysis is renowned for its blockchain analytics services and serves as a tracking tool for fraudulent schemes. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Nigeria is taking steps to collaborate with the blockchain industry after a tumultuous relationship over the past two years.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">This partnership signals that the country is keen to create an environment for crypto to thrive. At the same time, it looks at protecting consumers from fraud concerns that have emerged recently.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER: <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-1000x-crypto\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025<\/span><\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">South Africa Crypto News: Central Bank to Publish Crypto Regulatory Framework<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">South Africa\u2019s Finance Minister, Enoch Godongwana, has revealed plans for the South African Reserve Bank (SARB) to publish a regulatory framework this year covering <a class=\"cpp-widget-coin cpp-widget-99btc\" href=\"https:\/\/99bitcoins.com\/\" target=\"_blank\" rel=\"nofollow sponsored\" data-symbol=\"btc\" data-name=\"Bitcoin\" data-price=\"114648.000000000000000\" data-change=\"-0.66\" data-chart-style=\"99btc\" data-cta_text=\"Buy with Best Wallet\"><img decoding=\"async\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/02\/26205235\/btc.svg\" alt=\"btc logo\">BTC <span style=\"color: #ef4546;\">\u25bc-0.66%<\/span><\/a> and crypto businesses.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\"><\/p>\n<div class=\"cpp-crypto-chart cpp-crypto-chart-99btc cpp-crypto-chart-btc\" data-coin-symbol=\"btc\" data-price-usd=\"BTC Price (USD)\" data-main-color=\"#4caf05\" data-watermark-image=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/99bitcoins-logo.png\" data-chart-style=\"99btc\">\n<div class=\"cpp-chart-top-section\">\n<div class=\"cpp-chart-info-section\">\n<div class=\"cpp-chart-logo\"><img decoding=\"async\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/02\/26205235\/btc.svg\" alt=\"btc logo\"><\/div>\n<div class=\"cpp-chart-coin-details\">\n<div class=\"cpp-chart-labels-row\">\n<div class=\"cpp-chart-coin-name\">Bitcoin<\/div>\n<div class=\"cpp-chart-price-info\">Price<\/div>\n<div class=\"cpp-chart-market-cap\">Market Cap<\/div>\n<\/div>\n<div class=\"cpp-chart-values-row\">\n<div class=\"cpp-chart-coin-symbol\">BTC<\/div>\n<div class=\"cpp-chart-price\"><\/div>\n<div class=\"cpp-chart-market-cap-value\">$2.29T<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"cpp-chart-selectors cpp-chart-selectors-99btc\"><span class=\"cpp-chart-selector\" data-period=\"24h\">24h<\/span><span class=\"cpp-chart-selector\" data-period=\"7d\">7d<\/span><span class=\"cpp-chart-selector\" data-period=\"30d\">30d<\/span><span class=\"cpp-chart-selector\" data-period=\"1y\">1y<\/span><span class=\"cpp-chart-selector\" data-period=\"all_time\">All time<\/span><\/div>\n<\/div>\n<p><canvas id=\"cpp-chart-68ab0abb8950f\" class=\"cpp-chart-container cpp-chart-container-99btc\"><\/canvas><\/div>\n<p><\/span><\/p>\n<p><span data-preserver-spaces=\"true\">According to Godongwana, the framework will guide crypto service providers in the country, detailing conditions, reporting, and administrative requirements, among others.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The framework aims to seal loopholes and curb illicit fund flows into crypto, which crypto businesses can facilitate on behalf of clients, some of whom are investors in some of the <\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-crypto-to-buy\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">best cryptos to buy<\/span><\/a><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Progress has been made since December 2022. The finance minister noted that crypto service providers in South Africa have been classified as accountable institutions under the Financial Intelligence Centre Act (FICA) and are subject to AML rules.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER: <\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-solana-meme-coins\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">Top Solana Meme Coins to Buy in 2025<\/span><\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">Kenya Crypto News: Honeycoin Raises $4.9 Million for Stablecoin Operations<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Kenya-based crypto startup Honeycoin has <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/kenyanwallstreet.com\/honeycoin-raises-us49-million-seed-round-to-scale-stablecoin-payments\/\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">raised<\/span><\/a><span data-preserver-spaces=\"true\"> $4.9 million in a seed funding round to accelerate the growth of its stablecoin-compatible payment platform.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Honeycoin, launched in 2020 by David Nandwa, has carved a niche in merging fiat rails with blockchain infrastructure. The platform has grown significantly, processing over $100 million in transaction volume monthly. It has also expanded to over 40 countries.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Speaking on the new funding, Nandwa reiterated the company\u2019s mission: <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cOur mission is to build the operating system for money, how it\u2019s moved, held, and collected, regardless of medium or geography. Just as Apple redefined computing and Visa transformed global commerce, we believe financial infrastructure is undergoing another once-in-a-generation shift.\u201d<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The funding round was led by Flourish Ventures, with participation from Visa Ventures and TLcom Capital. Honeycoin anticipates that the capital injection will enable rapid scaling and full harnessing of regional blockchain potential.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER: <\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/crypto-presales\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">The 12+ Hottest Crypto Presales to Buy Right Now<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0<\/span><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">Ghana Crypto News: University of Ghana Partners with Central Bank<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The Bank of Ghana (BoG) has <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/gna.org.gh\/2025\/08\/bog-university-of-ghana-partner-to-advance-economic-thought-and-policy\/\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">partnered<\/span><\/a><span data-preserver-spaces=\"true\"> with the University of Ghana to strengthen economic research, financial innovation, and policy formulation.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">In a press release, the central bank announced it will establish a Chair in Finance and Economics to advance the objectives of this partnership.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Professor Yegandi Alagidede currently holds the Bank of Ghana Chair in Finance and Economics.<\/span><\/p>\n<p><iframe loading=\"lazy\" title=\"Inaugural Lecture of the Bank of Ghana Chair in Finance and Economics\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/V8DWK__tclY?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><span data-preserver-spaces=\"true\">Dr. Johnson Asiama, the Governor of the central bank, said the chair will be key in shaping the country\u2019s financial infrastructure. Moreover, the chair will fast-track the bridging of policy and academia gap, and mentoring future policymakers and economists.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">This partnership will also focus on developing the e-Cedi, a central bank digital currency (CBDC) whose pilot was launched as part of the Digital Ghana Agenda.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER: <\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">20+ Next Crypto to Explode in 2025<\/span><\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">Africa Crypto News: Stablecoin Flows in Africa Hit 6.7% of GDP Per IMF<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The International Monetary Fund (IMF) has found that stablecoin flows in Africa <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.mariblock.com\/stablecoin-flows-in-africa-hit-6-7-of-gdp-in-2024-imf\/\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">reached<\/span><\/a><span data-preserver-spaces=\"true\"> 6.7% of the continent\u2019s GDP in 2024.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">This figure represents one of the highest regional ratios globally, though the continent lags behind North America and Asia in total volumes.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-274862 \" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/08\/9798400232220_f0016-01.jpg\" alt=\"Africa crypto news: Nigeria\u2019s SEC partners with Chainalysis, South Africa plans for a crypto regulatory framework by end of 2025\" width=\"701\" height=\"431\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/08\/9798400232220_f0016-01.jpg 550w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/08\/9798400232220_f0016-01-300x184.jpg 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/08\/9798400232220_f0016-01-50x31.jpg 50w\" sizes=\"auto, (max-width: 701px) 100vw, 701px\"><\/p>\n<p><span data-preserver-spaces=\"true\">(Source: <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.elibrary.imf.org\/view\/journals\/087\/2025\/004\/article-A001-en.xml\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">IMF<\/span><\/a><span data-preserver-spaces=\"true\">)<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The IMF reported that Africa and the Middle East accounted for $200 billion in stablecoin transactions in 2024. USDT and USDC remain the preferred stablecoins. This choice is largely due to their established reputation and ties to the USD, the de facto global reserve currency.<\/span><\/p>\n<p><iframe loading=\"lazy\" title=\"Africa Perspectives: Digital Payment Innovations in Sub-Saharan Africa\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/3yRyLUjMnQ4?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><span data-preserver-spaces=\"true\">These numbers highlight a continent punching above its weight in the crypto sector. Despite lagging in general economic indicators, Africa\u2019s crypto usage is accelerating. Most importantly, more people are exploring some of the <\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-meme-coin-icos\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">best meme coin ICOs<\/span><\/a><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER: <\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/high-risk-high-reward-crypto\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">9+ Best High-Risk, High-Reward Crypto to Buy in 2025<\/span><\/a><\/strong><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h2 class=\"nnbtc-key-takeaways__title\"> Africa Crypto News: Nigeria Chainalysis Deal, South Africa Framework <\/h2>\n<ul class=\"nnbtc-key-takeaways__list\">\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">Nigeria crypto news: The SEC is joining hands with Chainalysis to combat crypto fraud<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">South Africa crypto news: Central bank, SARB, to release a crypto framework in 2025<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">Ghana crypto news: University of Ghana partners with central bank for financial innovation<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">Africa crypto news: Stablecoin transactions hit 6.7% of continent\u2019s GDP in 2024<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<\/ul><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/altcoins\/africa-crypto-news-week-in-review-nigeria-partners-with-chainalysis-south-africa-to-release-crypto-framework-as-stablecoin-adoption-rises\/\">Africa Crypto News Week in Review: Nigeria Partners with Chainalysis, South Africa to Release Crypto Framework, as Stablecoin Adoption Rises<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In Africa crypto news this week, the Nigerian financial enforcement agency is partnering with blockchain analysis platform Chainalysis to combat fraud. In Kenya, Honeycoin has raised $4.9 million to boost its crypto and fiat payments network. Meanwhile, in South Africa, the finance minister said there are plans to release a crypto framework by the end [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-43785","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/43785","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=43785"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/43785\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}