Africa

Blockchain.com, a UK-based crypto exchange, is seeking to expand in African nations that have started to institute rules to regulate the industry.
The company is looking to grow in countries including Ghana, Kenya, South Africa, and this quarter is planning a physical office in Nigeria, which is the firm’s “fastest-growing market” in West Africa, according to Owenize Odia, Blockchain.com’s general manager for Africa operations.
While crypto trading is still illegal in most African nations and trading activities are closely monitored by central banks, some countries are enacting laws to regulate crypto exchanges. US President Donald Trump’s embrace of digital assets has emboldened firms to expand on the continent where the youth and businesses use crypto to hedge against unstable currencies.
“Nigeria has taken meaningful steps toward creating a clear framework for crypto,” Odia said by email. In Ghana, draft rules released by the central bank highlight “its intention to begin regulating cryptocurrency and related platforms by the end of September 2025,” she said.
Nigeria this year enacted a new investment and securities law, which provides for the licensing and regulation of crypto exchanges. That prompted exchanges including Yellow Card Financial Inc. to seek a permit, according to the Securities and Exchange Commission.
“Applying for a crypto-exchange license in Nigeria is a top priority,” Odia said.

Ghana issued draft guidelines on the proposed monitoring of digital assets last year, while Kenya is seeking to understand the asset class before possible regulation.

Blockchain.com was valued at about $14 billion in 2022, following a financing round in which companies including Lightspeed Venture Partners and Baillie Gifford & Co participated. The company has 37 million verified users, with 92 million wallets created and more than $1 trillion transacted, according to its website.
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Africa, the second-largest continent on Earth, spans an impressive 30.37 million km² larger than both China and the United States combined. Despite its vast size and abundant resources, Africa remains largely unexplored in terms of its economic potential. Let's take a closer look at why Africa’s role in the global economy is set to be one of unparalleled significance in the coming years.
Africa’s Geographic and Resource Advantage
Size and Population: With a landmass almost three times the size of China, Europe, or the United States, Africa houses approximately 1.3 billion people. Interestingly, Africa’s land area is underutilized, considering its population is relatively small compared to its size. China, for example, with 1.4 billion people, has just 9.6 million km² of land, much of which is heavily urbanized.Agricultural Potential: Africa holds about 60% of the world's arable land, making it a critical player in global food production. The Democratic Republic of Congo (DRC) alone has enough fertile land to feed the entire continent. With vast expanses of untapped agricultural land, Africa could easily become the world’s breadbasket, providing food security for billions across the globe.Natural Resources: Africa is home to a wealth of raw materials that fuel the global economy. It controls 90% of the world’s raw material reserves, 40% of global gold, and 33% of the world’s diamond reserves. In addition, the continent boasts significant reserves of minerals such as cobalt essential for electric vehicle batteries manganese, iron, and even oil and natural gas. The DRC holds 80% of the world’s coltan reserves, further underscoring Africa's dominance in the global supply chain.
A Cultural Powerhouse
Beyond its natural wealth, Africa is a cultural treasure trove. The continent's dance, music, architecture, and sculpture traditions are unparalleled. It has also become a vital contributor to the world’s pharmaceutical industry, supplying plants for over 30,000 drugs used in Western labs. Africa is, undoubtedly, a land of immense cultural and intellectual contributions.
Africa’s Youthful Population: The Future Workforce
Looking ahead, Africa’s demographic profile is both unique and promising. The continent has a youthful population, with projections suggesting it will grow to 2.5 billion by 2050. This means that Africa will soon become home to a dynamic, young workforce a key driver of innovation, entrepreneurship, and economic growth.
Africa’s Path to Liberation and Economic Sovereignty
If Africa can harness its resources and take control of its production means, it will not just be a passive player in the global economy it could ascend to the top, transforming into a major global power. This potential, however, requires a fundamental change in the continent’s economic and political systems. A series of revolutions that unite African countries is essential. Only by achieving collective ownership of its production resources, as envisioned in socialist ideals, can Africa create a prosperous society built on its own wealth.
Africa’s Future as a Global Leader
Africa’s vast land, natural resources, and youthful population are its ticket to becoming a central force in the world. Its ability to lead the global economy is undeniable, yet it requires a united effort to tap into its immense potential. The continent holds the future, and if it can liberate itself from external influences and fully embrace its role as a self-sustaining powerhouse, it will not only reshape the global economy but also establish itself as a beacon of prosperity, leaving the rest of the world to catch up.
Africa represents the future of humanity, and with the right steps, it could be on the brink of an unprecedented era of growth and success. The world should be watching Africa's time is coming.

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