Africa | ForkLog

ForkLog 59 27.11.2025

From Blood Diamonds to AI Metals: Africa’s Unending Resource Wars

As firms race to build AI, local conflicts supply the resources.

AI translated

ForkLog 138 08.11.2025

Bitcoin Miner Phoenix Expands Capacity in Ethiopia by 30 MW

Abu Dhabi-based mining company Phoenix Group announced the establishment of a 30 MW cryptocurrency mining facility in Addis Ababa, the capital of Ethiopia.

AI translated

ForkLog 141 12.09.2025

South African Firm Bets on Bitcoin to Combat Inflation

Bitcoin is seen as a solution to Africa's issues of devaluation and inflation. South Africa's ABC plans to raise $210 million to create a cryptocurrency reserve.

AI translated

ForkLog 144 05.09.2025

South Africa Tightens Tax Oversight on Crypto Investors

As South African authorities prepare to intensify oversight of cryptocurrency market participants, major companies like Ripple are introducing their stablecoins to the African continent.

AI translated

ForkLog 100 29.07.2025

Algeria Imposes Penalties for Cryptocurrency Use

Algeria has enacted a law that explicitly criminalises any form of use, exchange, or mining of cryptocurrencies. Local media report this, citing the new document. The initiative amends regulations aimed at combating terrorism and money laundering. Now, the issuance, purchase, sale, possession, use, or promotion of digital assets is classified as a financial crime. The […]

AI translated

ForkLog 145 28.07.2025

From risk to regulation: how South Africa became Africa’s crypto leader

South Africa is emerging as a key player in the continent’s crypto ecosystem. According to Statista, industry revenue in the country will reach $615.5m this year and rise to $637.9m by 2026. Unlike jurisdictions where digital assets flourish amid economic crises, South Africa’s growth stems from clear regulation, mature infrastructure and strategic deployment of the […]

AI translated

ForkLog 125 02.07.2025

Ethiopian Authorities to Raise Energy Tariffs Amid Mining Boom

Demand for electricity from data centers for cryptocurrency mining in Ethiopia is expected to reach 30% of the country’s total consumption by 2025, amounting to 8 TWh. This is according to a report by the relevant ministry. Amid growing demand from miners, authorities have planned a tariff reform. Over the next four years, electricity prices […]

AI translated

ForkLog 72 01.07.2025

Africa Emerges as a New Hub for Business Process Outsourcing

Africa is becoming a new centre for business process outsourcing (BPO), challenging industry leaders such as India and the Philippines, according to The Economist. Low labour costs, a young English-speaking workforce, and government support are attracting international companies to the region. This could address the unemployment issue on the continent, where three out of four […]

AI translated

ForkLog 42 06.06.2025

The Global South Leads the Charge in Cryptocurrency Adoption: Expert Insights

While Western regulators deliberate over the future of cryptocurrencies, Africa is already leveraging blockchain to tackle real-world issues. Kevin Imani, head of Africa Venture Studio at StarkWare, discussed this in The Clear Crypto Podcast. Local innovators are deploying the technology to enhance financial accessibility, energy, and communication. According to Imani, students and freelancers have become […]

AI translated

ForkLog 16 21.02.2025

Altvest Becomes First African Firm to Hold Bitcoin in Treasury

Investment firm Altvest Capital has announced plans to make Bitcoin the primary reserve asset of its treasury. The company will be the first on the African continent to incorporate cryptocurrency into its corporate strategy, reports Bloomberg. Altvest has already purchased 1 BTC and has applied to regulatory authorities to raise approximately 200 million rand (~$10 […]

AI translated

ForkLog 54 19.02.2025

Digital colonialism or independence?

In crypto circles, digital assets are often cast as a lifeline for people in developing economies. At first glance, that looks like a victory for financial freedom. On closer inspection, however, the euphoria around bitcoin tends to obscure inconvenient truths. ForkLog examines whether cryptocurrencies can truly deliver economic independence—or whether they amount to a new […]

AI translated

ForkLog 35 27.12.2024

Bitcoin Miners Account for 18% of Ethiopia’s Electricity Sales

Bitcoin miners contribute nearly a fifth of all electricity sales revenue in Ethiopia, according to The Africa Report, citing Hiwot Eshetu, Marketing Director of the state-owned Ethiopian Electric Power (EEP). “Currently, 18% of EEP’s monthly sales come from Bitcoin mining. This exceeds all of Ethiopia’s electricity exports to neighboring countries,” he noted. As of November […]

AI translated

#Africa