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The Bank of South Sudan, in collaboration with the AfricaNenda Foundation, is launching a National Instant Payment System (NIPS) to enhance real-time financial transactions and improve access to services, aiming for greater financial inclusivity.

Yodawy, an Egyptian health-tech platform, raised $7.5 million in Series B funding to enhance its services and expand into emerging markets. The venture connects users with pharmacies and insurers, streamlining medication access for over 2 million users.

TymeBank has raised $77.8 million in pre-Series C funding, with Tencent increasing its stake in the fintech company. The bank aims to expand in South Africa and Southeast Asia, tapping into the growing digital banking demand.

NeoNomad, a South African DeFi startup, launched ZARCoin (ZARC), a stablecoin pegged to the Rand, on July 11, 2024. It aims to enhance financial inclusion through low-cost transactions, targeting both the banked and unbanked populations, while challenging traditional banking models.

Opera has launched MiniPay, a blockchain wallet integrated into its Opera Mini browser, facilitating affordable stablecoin transfers in Africa through mobile numbers, with automatic key backups for user recovery.

Canza Finance has launched Baki, a stablecoin platform for African currencies, enabling slippage-free forex trading and minting synthetic assets called zTokens. This innovative protocol aims to enhance FX transactions in emerging markets by utilizing USDC backing for liquidity and reduced fees.

Ethio Telecom plans to sell 10% of its shares at 300 Birr each starting October 16, 2024, as part of Ethiopia's first stock market launch. The sale is aimed at attracting private investments and expanding ownership in the state-owned enterprise.

A Kenyan High Court has ordered WorldCoin Foundation to permanently delete biometric data collected from citizens, citing inadequate consent and a lack of proper data impact assessment. The decision reinforces privacy rights and halts further data processing.

Peach Payments partners with Kenyan CRM Sukhiba to offer WhatsApp-based sales solutions for South African merchants, enhancing conversational commerce and payment processing, while enabling seamless customer engagement.

The National Bank of Rwanda has released a questionnaire seeking views from the public about a Central Bank Digital Currency (CBDC).

“The National Bank of Rwanda (BNR) is considering introducing a Central Bank Digital Currency (CBDC) to modernize the financial sector. Extensive research has

Anton Bukov of 1inch discussed the cost advantages of decentralized finance (DeFi) over traditional banking, highlighting DeFi's potential to onboard users at no cost compared to high fees in traditional systems. He emphasized DeFi's role in including the unbanked and creating global liquidity.