Topic: #africa
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Tanzania Central Bank Finalizes Crypto Regulatory Framework
Tanzania's central bank completed a comprehensive study on digital assets and is preparing to finalize a regulatory framework covering cryptocurrencies, stablecoins, and virtual assets, marking a significant shift from the bank's 2019 warnings against crypto trading.
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Dangote Refinery IPO halted by Nigeria SEC, rescheduled to September
Nigeria's Securities and Exchange Commission issued a halt order on Dangote Petroleum Refinery's IPO in June 2026, citing lack of formal application. The $39–50 billion offering, targeting September, would be Africa's largest ever and fund a five-year industrial expansion.
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Ripple invests in Flutterwave, integrating RLUSD and XRP Ledger into African payments
Ripple has invested in African payments platform Flutterwave as part of its Series E round, valuing the company at $3.2 billion. The deal will integrate Ripple's RLUSD stablecoin and the XRP Ledger network to reduce costs and speed cross-border payments across Africa.
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Convalt Energy commits $6.2B to build hydropower plant and AI data center in Lesotho
Convalt Energy signed a $6.2 billion memorandum of agreement with Lesotho to build a 1,200 MW hydropower facility and AI data center in Mokhotlong District, marking the country's largest foreign direct investment and positioning the US to compete with Chinese infrastructure dominance in Africa.