Insights from the Heart of Web 3.0 in Africa
Newsletter
March 11, 2024
Africa, Newsletter
STARTUP FOCUS: Africa to Be Big Carbon Credit Exporter - the Case of Changeblock
By Ahmed Amer CEO, EMURGO Labs Africa bears the brunt of climate change's devastating impacts despite contributing only 4% to the crisis, according to the Global Carbon Budget. However, the continent is not a passive victim of climate change. It is actively taking steps to adapt and mitigate its impacts by developing renewable energy sources, building resilience and participating in the global carbon credit export market. The continent is witnessing a surge in climate-tech startups that tack
February 19, 2024
Africa, Newsletter
Morocco’s Crypto Thrives Amid Regulation Uncertainty
By Shogo Ishida, Yosuke Yoshida Co-CEOs, EMURGO Africa The Web3 business in Morocco is in a state of flux. While the public interest in crypto is surging in Africa’s fifth biggest economy, the official stance remains ambiguous, presenting both obstacles and potential opportunities. A proposed draft law offers a glimmer of hope for future development, but its details and implementation timeline will be crucial factors. Key Takeaways 1. Morocco has made attempts to officially introduce l
February 5, 2024
Africa, Newsletter
Major US Web3 Players Tap Africa’s Payment Space
By Shogo Ishida, Yosuke Yoshida Co-CEOs, EMURGO Africa The African Web3 market presents a unique combination of untapped potential, a big young population, local innovation, and a flexible regulatory landscape, making it an attractive investment destination for some major US companies. Over the past five years, US-founded Web3 companies have been tailoring their strategies to the specific needs and opportunities of the African market. Now, they play a significant role in shaping the fut
January 29, 2024
Africa, Newsletter
DeFi, Neobanks, Exchanges Lure Biggest VC Money: Inside Nigeria’s Web3
By Shogo Ishida, Yosuke Yoshida Co-CEOs, EMURGO Africa Financially-developing Nigeria's Web3 market is simmering with exciting possibilities, and the recent funding landscape reflects a clear focus on decentralized finance (DeFi), neobanks and crypto exchanges. This trend highlights the country's long-standing entrepreneurial spirit to build a digital financial system that’s leading to a leap-frog growth of Nigeria. Nigerian startups have raised $469 million through equity-funding in 20
January 22, 2024
Africa, Newsletter
Inside Nigeria’s Web3 Market: Crypto Outlook and Regulations
By Shogo Ishida, Yosuke Yoshida Co-CEOs, EMURGO Africa Nigeria's Web3 market is brimming with promise. A growing number of Nigerians searching for a new store of value in the unhealthy economy, and a large, young and tech-savvy population position it for significant growth of its crypto market. However, addressing regulatory ambiguity will be crucial for unlocking the full potential of this exciting market in 2024. Key Takeaways 1. Nigerian policymakers rush to crafting regulations aft
January 15, 2024
Newsletter
5 Things About Africa’s Web3 You Should Know Before Market Entry
By Shogo Ishida, Yosuke Yoshida Co-CEOs, EMURGO Africa Africa’s Web3 landscape keeps evolving, and new trends are fast molding its future. As 2024 kicks off, Web3 developments of the past year will have an immense impact on decisions made by all industry players this year. This edition will take you 6 minutes to read. Key Takeaways 1. Nigeria amplifies its crypto adoption rate. 2. African governments step up efforts to regulate crypto. 3. Blockchain began solving some of Africa’s t