Originally published by The Standard Business

September 30, 2026

3h ago

From mobile money to Bitcoin: Africa's next digital finance shift

Africa’s growing adoption of digital finance and emerging efforts to regulate virtual assets could put the continent on a different financial trajectory...

✨ Key Highlights

Africa, particularly Kenya, is poised to potentially bypass traditional financial systems by embracing digital assets, driven by mobile technology and a young population.

Billionaire venture capitalist Tim Draper believes Africa can "leapfrog" fiat currency to digital assets like Bitcoin.
Kenya has enacted the Virtual Asset Service Providers Act, 2025, establishing a regulatory framework for virtual asset businesses, with the Central Bank of Kenya and Capital Markets Authority overseeing the transition.
The upcoming Africa Blockchain Festival 2026 in Nairobi will convene stakeholders to discuss building Africa's permanent digital economy.

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