Nigerian crypto exchange Roqqu has been granted regulatory approval to operate in South Africa, allowing users to purchase cryptocurrencies and withdraw funds with the country's fiat currency, the South African rand, according to local media reports. South Africa has been a top priority for Roqqu as the exchange seeks to expand its dominance in the African market. In a previous interview with Cointelegraph, the company ranked South Africa as a focal point for its growth plans, which includes reaching 5 million clients in 2023. Roqqu has its sights set on Ghana, Uganda, Kenya and Tanzania for regional expansion in the near future. Cointelegraph recently reported that Africa’s crypto-focused startups raised $474 million in funds last year, a 429% jump from the $90 million figure in 2021.

Source: The North Africa Journal April 21, 2023 12:56 UTC