Nigeria’s crypto exchanges must now report trades, but enforcement remains unclear
Nigeria's new tax policy for cryptocurrency transactions took effect in January 2026, requiring exchanges to log trades into a government portal. The Nigeria Revenue Service oversees the new system, which aims to calculate applicable taxes on digital asset transactions.
North Africa rises on deals as MENA AI funding hits $858 million
The MENA region's AI sector attracted $858 million in funding in 2025, nearly double the previous year's amount. AI funding accounted for 22% of total venture capital deployed across MENA in 2025.
Zazu Banks on Africa’s Entrepreneurs with $1M Pre-Seed
Zazu closed a $1 million pre-seed funding round to support its growth. The funding was secured from a mix of leading African and European investors.
Zazu raises $1M pre-seed round to reinvent SME banking across Africa
Zazu raised $1 million in pre-seed funding from a group of African and European investors. The funding round included participation from notable investors such as Zachariah George and Axel Peyriere.
86% of African CEOs eye acquisitions as AI reshapes corporate strategy
86% of African CEOs plan to pursue mergers and acquisitions within the next three years, indicating a strong shift towards consolidation and technology-driven growth. Confidence in domestic economies has risen to 63%, reflecting cautious optimism among African business leaders.
