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Stablecoins to Revolutionise Africa’s Economic Landscape

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In an era where financial empowerment is paramount, Africa is witnessing a remarkable surge in the adoption of stablecoins, poised to reshape the continent’s economic landscape. Cryptocurrency, once a buzzword, has now evolved into an indispensable force for financial innovation and inclusion. Among these digital currencies, stablecoins have emerged as a beacon of stability and accessibility, offering a number of benefits to individuals and businesses alike.

Yellow Card the fastest-growing cryptocurrency company in Africa, with a presence in over 17 countries – has seen the positive impact that stablecoins are having in digital transformation and financial inclusion.

Adoption and Scalability:

According to a report by Emurgo Africa, between 2021 and 2022, Africa experienced a staggering 1200% surge in cryptocurrency adoption. However, to better understand the significant growth, we need to unpack the contributing factors around adoption and use cases.

“If we compare crypto adoption in Africa to the West, we notice distinct differences in customer needs and use patterns. In the West, cryptocurrencies are primarily used for investment and trading, whereas in Africa, they serve as a hedge against inflation and a means for cross-border payments. Many Africans seek stability, which stablecoins undoubtedly provide,” said John Colson, CMO of Yellow Card.

Stablecoins are pegged to stable currencies and powered by blockchain technology. Various blockchains look for ways to make accessing them cheaper compared to traditional means of sending money. This mission drives the innovation behind the likes of Solana, whose network allows stablecoins to be accessed cheaper and easier for people – with low network fees and faster transaction times.

As part of its ongoing efforts to enhance accessibility and convenience in the world of cryptocurrencies, Yellow Card has added support for USDC on the Solana blockchain.

Peter Mureu, Director of Marketing at Yellow Card, expressed enthusiasm, stating, “We are excited to leverage the Solana network to bring the benefits of stablecoins and cryptocurrencies to African users. Solana’s network has played a pivotal role in driving stablecoin adoption across Africa with high transaction speeds while maintaining decentralisation through innovative approaches.”

Looking to the Future:

One of the main challenges in the industry is centred around regulatory frameworks, specific to each country, that seek to strike a balance between fostering innovation and ensuring consumer protection and financial stability. Continued conversations with regulatory bodies, government and participating in sandboxes as well as knowledge sharing are pivotal factors in creating a successful and sustainable industry.

Another notable challenge lies in the scalability and cost-effectiveness of blockchain networks, especially when it comes to handling the growing demand for stablecoins in Africa. Solana’s blockchain technology is instrumental in addressing this challenge ensuring that stablecoins can efficiently serve the needs of African customers.

Education remains an important factor in the ecosystem and Yellow Card is spearheading many initiatives to foster inclusivity to break down the barriers to understanding and access. Some of their initiatives include the free Yellow Card Academy, Brand Ambassador program, webinars and many on-the-ground events.

As Africa continues to embrace cryptocurrencies and stablecoins, innovative solutions are set to play a pivotal role in reshaping the financial landscape, fostering economic stability, and enhancing financial inclusion across the continent. Yellow Card stands poised to play a pivotal role in shaping the next chapter of Africa’s financial evolution.


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

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Compensation for Poor Service Quality is Automatic- NCC

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Nigerian Communications Commission (NCC) has said that compensation of subscribers for poor service quality, such as persistent network outages or failed calls is automatic.

Compensation for Poor Service Quality is Automatic- NCC

This initiative aims to ensure fairness by mandating that operators provide automatic compensation, such as airtime credits, for failing to meet regulatory Quality of Service Key Performance Indicators (KPIs).

According to the NCC, operators are required and mandated to identify affected subscribers and provide compensation directly.

In a framework for compensation of consumers published on its website, NCC said that it has directed Mobile Network Operators (MNOs) to compensate subscribers affected by prolonged or repeated poor quality of service experience within specific Local Government Areas where operators fail to meet regulatory Quality of Service Key Performance Indicators (KPIs).

The NCC also stated that the directive does not replace existing consumer protection mechanisms.

The NCC, said the directive adds a direct compensation mechanism for affected subscribers and aligns with measures set in existing legislations such as the Consumer Code of Practice Regulations 2024 and the Quality of Service Regulations 2024.

This directive applies to only Mobile Network Operators licensed and operating in Nigeria that have failed to meet their Key Performance Indicators on Quality of Service. For Internet Service Providers (ISPs) operating in Nigeria, a compensation framework is already in place.

To be eligible to receive compensation

. You experienced poor network service in an affected Local Government Area; and

  • You made at least one outgoing revenue generating event (billed call, SMS, or data session) during the relevant period.

The compensation covers service failures affecting voice, data, or SMS services.

Operators are required and mandated by existing regulations to monitor their network performance across locations and service disruptions against Quality of Service KPIs.

This enables them to identify affected subscribers without the need for individual complaints.

Only service failures that fall below the defined thresholds set by the Quality of Service Regulations issued by the NCC will qualify for compensation.

Short, isolated interruptions and immediately remedied interruptions may not qualify

Compensation will be provided in the form of airtime credits.

This airtime credit will not have utilisation restrictions, and subscribers will be able to use it for voice calls, USSD sessions, data subscriptions, etc on the operators’ network.

 


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FG Moves to Strengthen Cybersecurity Coordination as NDPC Probes Alleged Data Breach

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Federal Government has announced plans to deepen collaboration with private sector players and other stakeholders in a bid to strengthen Nigeria’s cybersecurity architecture and response systems.

FG Moves to Strengthen Cybersecurity Coordination as NDPC Probes Alleged Data Breach

NDPC

Minister of Communications, Innovation and Digital Economy, Bosun Tijani, disclosed this in a recent press statement, noting that the government is considering the establishment of a Cybersecurity Coordination Council.

According to the minister, the proposed council is aimed at enhancing national cyber resilience and ensuring a more coordinated response to emerging cyber threats across public and private institutions.

Tijani emphasised that cybersecurity must be treated as a collective responsibility involving government, industry, and civil society.

“Cybersecurity is a shared national responsibility. Protecting Nigeria’s digital economy requires strong partnerships, trusted collaboration, and collective vigilance across government, industry, and civil society,” he said.

He added that through sustained collaboration, Nigeria would strengthen its capacity to detect cyber threats early, respond effectively, and build a resilient and trusted digital ecosystem.

The minister also called for increased stakeholder participation in shaping a sustainable, partnership-driven cybersecurity framework capable of deterring cybercriminal activities and safeguarding citizens, businesses, and critical digital infrastructure.

Meanwhile, the Nigeria Data Protection Commission (NDPC) has commenced an investigation into an alleged data breach involving Remita Payment Services Ltd., Sterling Bank, and other entities.

In a statement signed by its Head of Legal, Enforcement and Regulations, Babatunde Bamigboye, the commission said notices of investigation were issued to relevant parties on April 1, 2026.

The NDPC noted that affected organisations and individuals are currently providing information to aid its inquiry into the incident.

“The aim of the investigation is to ensure that data subjects are protected with appropriate technical and organisational measures,” the statement read.

It added that the probe would examine the types of personal data involved, the scope and nature of the alleged breach, potential risks to data subjects, and mitigation steps taken where breaches are confirmed.

The commission further disclosed that its National Commissioner and Chief Executive Officer, Vincent Olatunji, has directed a broader review of organisations operating digital payment systems.

According to the NDPC, entities found to be non-compliant with provisions of the Nigeria Data Protection Act, 2023, particularly regarding technical and organisational safeguards, would be scrutinised as part of efforts to maintain the integrity of the nation’s data protection ecosystem.


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Bharti Airtel Crosses 650m Users

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Sunil Mittal led Bharti Airtel has crossed the 650-million customer mark globally, fortifying its position as the world’s second-largest telecom operator by mobile subscriber base, as per a regulatory filing by the telecom operator.

Bharti Airtel Crosses 650m Users

“According to GSMA Intelligence, Bharti Airtel is ranked second globally by mobile customer base, with operations spread across India and Africa,” the filing said.

Commenting on this milestone, Gopal Vittal, executive vice chairman, Bharti Airtel, said: “Achieving the milestone of 650 million customers to be the second largest operator globally is a great responsibility for us to serve our customers better every day,”

He added that the telco strives to raise the bar on innovation, reliability, and experience so that every customer interaction is an opportunity to earn trust and deliver value connection.

Currently, Airtel India serves around 368 million mobile customers, meanwhile over 179 million users have been plugged into its subsidiary Airtel Africa spread across 14 countries.

Its mobile money platform, Airtel Money reached more than 52 million customers.

Additionally, the telco serves around 13 million homes with high-speed internet services and over 15 million through its Digital TV offering.

With operations spanning 15 countries and network coverage reaching over two billion people, analysts say that the latest milestone is a testimony to the natural curve of evolving from a telecom operator into a broader digital services provider.


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