Nigeria Leads Africa’s Rapid Rise in Blockchain Adoption

Nigeria Leads Africa’s Rapid Rise in Blockchain Adoption

Nigeria has emerged as the leading hub for blockchain-related ventures in Africa, accounting for one-third of all blockchain deals across the continent, according to the latest edition of the African Blockchain Report published by Swiss venture capital firm CV VC in collaboration with South African banking group Absa. This fourth edition of the annual report outlines a sharp rise in blockchain adoption and funding activity in Africa, contrasting…

Nigeria takes a third of African Blockchain deals

Nigeria has grabbed one-third of all blockchain deals in Africa. CV VC, a Swiss venture firm, released these numbers in their fourth African Blockchain Report today. This fourth edition was published in association with the South Africa-based banking group, ABSA (formerly, Barclays Africa). The report reveals that Africa pulls in blockchain funding at twice the global rate. Globally, blockchain deals account for 3.2% of all venture funding activ…

Nigeria leads Africa’s blockchain sector with 33% share of funding, continent outpaces global growth

Africa is rewriting the global blockchain narrative, with a 15% year-on-year increase in deal activity, outstripping the world’s 6% growth, according to CV VC’s fourth African Blockchain Report, released today. While global blockchain funding rose 14%, Africa’s share of venture capital (VC) deals climbed to 2.3%, driven by Nigeria’s dominance and innovative applications in agriculture and finance. The report, co-published with Absa Group, unders…

South Africa Captures 18% of African Blockchain Funding

CV VC’s fourth African Blockchain Report delivers a resounding message: The world needs to catch up to Africa. While blockchain accounts for 3.2% of total VC funding globally, it commands a much stronger 7.4% share in Africa, more than double, underscoring the continent’s strategic embrace of the technology and its alignment with local needs. Africa also led all regions in blockchain deal growth, with a 15% year-on-year increase, reflecting stro…

Africa leads in blockchain VC funding

While blockchain accounts for 3,2% of total venture capital (VC) funding globally, it commands a much stronger 7,4% share in Africa – more than double, underscoring the continent’s strategic embrace of the technology and its alignment with local needs. According to CV VC’s fourth African Blockchain Report, Africa also led all regions in blockchain deal growth with a 15% year-on-year increase, reflecting strong early-stage momentum, founder resil…

Circle's USDC Developer Grant Program: Africa's Blockchain Lifeline Explained

In Brief USDC Developer Grants provide $5K–$100K funding plus infrastructure access, empowering African teams to build stablecoin-based dApps. Grantees like Flipeet Raise, LINK, Scalex, Sfx, and Katika tackle local challenges—fundraising, payments, trading, supply finance, and savings. Circle’s stablecoin network and partner integrations (e.g., Flutterwave, Yellow Card) create a robust ecosystem for Africa’s Web3 growth. The USDC Developer Gr…