Nigeria is implementing a new regulatory framework through its Virtual Asset Council to bring greater structure and oversight to Africa's expanding cryptocurrency market. The framework aims to increase transparency, strengthen investor confidence, and foster innovation while ensuring consumer protection.

This initiative is expected to support the growth of digital assets across Africa, particularly by enhancing the efficiency of cross-border payments. Faster and more affordable international transactions could open new opportunities for trade and financial inclusion for both businesses and individuals.

Pelumi Esho, CEO and Founder of 91 Payments, emphasized the need for balanced regulation that encourages innovation and builds trust within the virtual assets ecosystem. Industry stakeholders believe that clear regulatory guidelines could position Nigeria as a leading digital finance hub on the continent.

Africa’s global diaspora plays a critical economic role, sending nearly $100 billion home annually—an amount surpassing foreign direct investment in many African countries. At the EMY Africa London Summit, business leaders, investors, and policymakers discussed transforming these remittances from family support into catalysts for long-term economic development.

Key strategies highlighted include creating accessible investment vehicles, improving financial infrastructure, and fostering trust between investors and entrepreneurs to unlock diaspora capital’s full potential.

Additionally, in Bukavu, the enterprise Joella is showcasing how sustainable farming practices can simultaneously address economic and environmental challenges.

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