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The tech-investment stories moving Africa's markets — what moved, and why it matters.

Sat, Aug 8

Rand Goes On-Chain via ZARU

ZARU, described as the first institutional rand-backed stablecoin, has listed on Luno Global, marking a milestone for South African crypto-finance infrastructure. The listing places the rand on a regulated exchange platform for the first time in tokenised form.

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Nigeria Startup Funding Crashes 96%

Country-level data confirms Nigeria's share of Africa's July startup funding collapsed 96%, sharpening the investor drought signal within the continent-wide equity funding decline.

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