ACCESSWIRE Africa Press Releases South Africa

Licensed Crypto-Fiat Infrastructure Provider Encryptus Soft Launches in TechHub Kenya

VILNIUS, LITHUANIA / ACCESSWIRE / February 19, 2023 / Encryptus, a licensed and compliant crypto-fiat trading platform, is thrilled to announce its soft entry into the African Continent, starting with Kenya.

Encryptus will mark their exploratory journey in the upcoming Africa Tech Summit in Nairobi, Kenya. As a trailblazer in the crypto industry, Encryptus is dedicated to providing crypto and non-crypto companies its infrastructures for Crypto < > Fiat; including Compliances, Coin Monitoring, Fiat and Crypto Liquidity via API to enable institutions to plug into their ecosystem. The fiat services would only be available via Bank wires to KYCed users only.

Encryptus is licensed as a VASP (Virtual Assets Service Provider) in Lithuania and Licensed as a “Proprietary Trading in Crypto Commodities” trading desk in Dubai, UAE.

Africa Pushing Through to the Global Scale

Africa has been a rapidly growing market for international companies and is attracting many global corporations to the continent, such as Amazon, Google, and Uber. In the crypto ecosystem, Cardano’s founding partners EMURGO and IOG have built a considerable presence in Africa along with CELO Foundation and LBank Exchange.

With the rise of digital assets and cryptocurrencies, regulations for digital assets are becoming increasingly important in Africa. In recent years, there has been a growing demand for cryptocurrencies and digital assets in Africa, leading to a need for regulations to ensure the security and stability of these investments.

The African startup scene has also seen significant rise, with a record $5.4 billion raised in 2022, according to a report by Briter Bridges. Startups in Nigeria, Kenya, South Africa, and Egypt accounted for 75% of all funding in 2022. This highlights the growing potential of the African startup scene and the increasing number of investors who are taking an interest in this market.

Crypto adoption in Africa has also been expanding in recent years. According to Chainalysis, Africa has the fastest-growing crypto market in the world.

Encryptus is well integrated with Industry leaders for self custody, coin monitoring and KYC providers for compliant onboarding. The Institutions can make use to the infrastructure by simply plugging into the Encryptus APIs. Encryptus services are also available on their platform for HNWIs and Institutions who simply want to use their services.

Encryptus will mark their soft launch at one of the largest African Tech event; “Africa Summit in Nairobi”

Encryptus’s Founder & CEO, Shantnoo Saxsena will also be sharing the stage with some industry leaders from Polygon, CELO Foundation and Nestcoin. When asked for comments for why Encryptus chose Africa, Shantnoo replied ” I started my crypto journey with a Kenyan startup in 2016. The Kenyan ecosystem is getting exciting and we have the right infrastructure ranging from Compliance to Fiat and Crypto Liquidity to empower other potential partners to build on top of our ecosystem. Encryptus is in the exploratory stage, but we are committed to bring innovative Crypto < > Fiat on-ramps and off-ramps solutions to the Kenyan ecosystem. The fiat and cryptos must coexist and we will work with the regulators and the banks to build the infrastructure together”


Please free to contact for any queries.

SOURCE: Encryptus


UN Appeals for Aid to Assist Malawi Fight Cholera Outbreak

The U.N. in Malawi has launched an urgent appeal for aid to deal with the impact of a record cholera outbreak that has so far killed nearly 1,450 people and infected 45,000.

Local health experts say if urgent action isn’t taken to scale up the response, the number of cases could double in the next few months.

The U.N. says the flash appeal seeks to raise $45.3 million to provide life-saving aid to thousands of people in Malawi devastated by the outbreak.

In a statement released Monday, the U.N. said the appeal aims to assist four million people in Malawi, including 56,000 refugees and asylum seekers who are at the highest risk in the outbreak.

The current outbreak started in March last year and has spread to all 29 districts of Malawi.

Rebecca Adda-Dontoh, the U.N. resident coordinator in Malawi, told reporters Monday that more assistance is needed to stop the outbreak.

“So much work has been done but a lot more needs to be done,” she said. “We have focused on health, we have focused on WASH (water, sanitation and hygiene). The two are very important but there are also other sectors like nutrition, protection and even logistics because we need to be able to move supplies from one point to the other.”

Adda-Dontoh said the needed assistance would complement what various donor partners have already contributed.

“The U.N. itself has mobilized already close to $10 million,” she said. “You heard the EU; you heard the U.K. here saying they had already contributed over 500,000 euros for the EU and also over 500,000 pounds for the U.K. Even the government of Malawi is on the ground and already contributed.”

Local media have reported that Malawi needs an additional $40 million for its national plan on cholera response.

Cases of cholera in Malawi have increased since the beginning of January, worsening the country’s largest outbreak in the past two decades.

Malawian President Lazarus Chakwera said last week, when he launched a national anti-cholera campaign, that the country’s health facilities were recording between 500 to 600 cholera cases every day.

The U.N. said that health experts have warned that Malawi could record between 64,000 and 100,000 more cases of cholera within the next three months unless urgent action is taken to scale up the response.

Source: Voice of America


UN General Assembly Will Vote on Resolution Urging Lasting Peace in Ukraine

The U.N. General Assembly will vote this week on a resolution underscoring the urgency to find a lasting peace in Ukraine, one year after Moscow invaded its neighbor.

The text, drafted by Ukraine in consultation with allies and discussed with interested countries, will be put to a vote at the end of a special emergency session of the assembly that will start Wednesday afternoon and run into Thursday.

It underscores the urgency to find “a comprehensive, just and lasting peace in line with the principles of the Charter of the United Nations” and calls on United Nations members and international organizations to support that effort.

“I think it is striking that it contains more language about the need for peace than some of the previous resolutions,” International Crisis Group’s U.N. Director Richard Gowan told VOA. “I think that is actually really reflecting a sort of an emerging push from countries in the global south, like Brazil and South Africa, which are arguing that there has to be some sort of peace effort.”

The resolution also demands a cessation of hostilities and the withdrawal of Russia’s military forces from Ukrainian territory “within its internationally recognized borders,” in other words, including territories Russia claims to have annexed.

A European diplomat with knowledge of the negotiations said the choice of words — “cessation of hostilities” rather than a “cease-fire” — was deliberate.

“We feel that the term is one that is actually stronger,” the diplomat said. “A cease-fire could be a lull in the hostilities that allows one side to reorganize itself and ready itself for another onslaught.”

A cessation of hostilities refers to a more permanent arrangement that goes beyond just silencing the guns, which the diplomat said could lay the groundwork for an eventual diplomatic solution.

More than 60 countries have signed on to co-sponsor the resolution, which is not legally binding but carries the moral weight of the international community. Ukraine and its allies hope to get an overwhelming majority of the 193-member states’ votes. (Only 191 member states will be eligible to vote. Lebanon and Venezuela are in deep arrears on their dues to the organization and have temporarily lost their right to vote).

Resolutions over the past year condemning Russia’s invasion, and later its attempted annexation of parts of Ukraine, received strong support with 141 and 143 countries, respectively, condemning and rejecting these moves, and only a handful supporting Moscow. Diplomats say they hope to do as well with this text, signaling consistent international support for Kyiv.

But eventually getting Moscow to talk peace will be difficult.

Russian ambassador Vassily Nebenzia called a meeting in the U.N. Security Council on Friday to discuss “lessons learned” from the Minsk agreements, which were intended to de-escalate tensions between the neighbors eight years ago, but obviously failed.

He said Ukrainian President Volodymyr Zelenskyy came to power on promises of peace and dialogue, but instead “created a neo-Nazi nationalist beehive at our borders.”

Nebenzia expressed no confidence in the U.N. secretary-general, who the General Assembly resolution expresses “strong support” for promoting an end to the conflict, accusing him of taking an “ostrich position” — echoing Western criticism of Moscow and never criticizing Kyiv.

“Today, many are saying that the U.N. must be an intermediary between Russia and Ukraine,” Nebenzia told the council. “Taking into account what I just said, do you think we can trust such mediation? What are the guarantees that the secretariat will behave differently this time?”

Crisis Group’s Gowan said Russia hopes some large, non-Western countries will call for talks without preconditions — a move that would favor Moscow.

“What the Russians want is for it to look like Ukraine is the country that is blocking these talks, even though there is not really much evidence that Moscow wants to talk in good faith,” Gowan said. “But again, I think the way the resolution has been designed is to sort of show that Ukraine is not ruling out peace talks, even if they are not very likely to come any time soon.”

Diplomats say it is important that the resolution conveys the cost of the war beyond Ukraine and includes language on energy and food security. Next month, the Black Sea Grain Initiative is due for renewal, something the developing world is eager to see continue.

The European diplomat said the resolution sets out “the principles and framework that will inspire our action in the coming months.”

The draft resolution includes language on the need for accountability for war crimes. Ukraine is considering whether to pursue a separate General Assembly resolution later this year on the setting up of a special international tribunal to hold Russia’s leadership accountable for its invasion — the crime of aggression.

The International Criminal Court at The Hague is already investigating potential war crimes and crimes against humanity committed on Ukrainian territory since Russia’s invasion. The U.N. Human Rights Council also created a commission of inquiry that has been mandated to investigate all human rights violations committed in the context of Russia’s invasion. Their second report is due in the coming months.

Wednesday morning, Ukraine’s foreign minister is expected to open a session focused on the human rights situation of prisoners of war and the abduction of Ukrainian children to Russia.

On Friday, the actual one-year mark of Russia’s all-out invasion, several foreign ministers are expected to attend a Security Council meeting at which U.N. Secretary-General Antonio Guterres will hold a briefing.

The deadly conflict has displaced more than 6.5 million Ukrainians inside the country, sent nearly 8 million others to seek safety in other countries and left almost 18 million Ukrainians in need of humanitarian assistance.

Source: Voice of America


Deaths From Burkina Faso Army Attack Rise to 51

The death toll from a jihadi attack on a Burkina Faso army unit in the north of the country last week has risen to 51, military officials said Monday, after 43 new bodies were found.

The military unit was ambushed in the Sahel region’s Oudalan province, between the towns of Deou and Oursi, the Burkinabe military said Monday. Reinforcements have been sent to the area and an unspecified number of wounded have been taken to hospital.

The West African nation has been wracked for seven years by violence linked to al-Qaida and the Islamic State group, which has killed thousands, displaced nearly 2 million people and caused a humanitarian crisis.

Successive governments’ failure to effectively address the problem led to two coups last year, with each military leader vowing to stem attacks and secure the country, albeit with little success.

Last week’s attack came while some 400 French special forces soldiers were leaving Burkina Faso, one month after the junta government ordered them out — following in the path of neighboring Mali, which is also ruled by a military dictatorship.

While the number of French troops in Burkina Faso was far smaller than in Mali, their departure adds to growing concerns that Islamic extremists are capitalizing on the political disarray and using it to expand their reach.

Analysts have questioned whether the countries’ militaries are capable of filling the void.

“The struggle for state forces to avoid deadly attacks, especially such an ambush against convoys, is a major concern since it comes at a time where the state is trying to assert its presence and chase jihadists out from areas they control,” said Rida Lyammouri, senior fellow at the Policy Center for the New South, a Moroccan-based think tank.

“If convoys are repeatedly targeted, recovering territories and providing protection for civilians is going to take a very long time and going to be deadly,” Lyammouri added.

Source: Voice of America


AU Official Urged Turning Difficulties Into Opportunities To Transform Africa’s Energy Sector

ADDIS ABABA– African Union (AU) Commissioner for Infrastructure and Energy, Amani Abou-Zeid, yesterday urged African countries, to turn difficulties into opportunities to transform Africa’s energy sector.

“The last three years have been difficult years in the whole world, with a series of crises that have brought several industries, several sectors and the lives of people around the world to disruptions in so many ways – the economies and the livelihoods,” Abou-Zeid told the press, on the sidelines of the 36th Ordinary Session of the African Union (AU) Assembly.

She said, the AU, in collaboration with partners, has been working in order to put the African continent on a path of recovery from the brunt of the COVID-19 pandemic.

The AU commissioner, however, said, since 2022, due to geo-political tensions and the Ukraine crisis, “the situation is getting more complex,” putting the energy sector into the spotlight across the world.

“These are not like any other times. The continent had problems before and these problems have been compounded by the crisis over the last three years,” Abou-Zeid said.

Noting Africa’s long-existing energy deficit that was further exacerbated, following recent global and continental phenomenon, the AU commissioner emphasised the need to exert concerted efforts to address the challenge.

“Since our continent suffers from energy poverty, we would like to use this situation – as difficult as it is – to accelerate access to energy, and to secure energy for all countries on this continent,” Abou-Zeid said.

“We are determined to turn these difficult times into opportunities for the continent,” she said.

She further emphasised the need to improve the development and use of green and sustainable energy across the African continent.

“I would like to reiterate the importance of energy, the importance of digitalisation when it comes to recovery, when it comes to building resilience within the continent,” the commissioner underscored.

The two-day summit, slated from Feb 18 to 19, at the headquarters of the AU in Addis Ababa, was held under the theme of the year for 2023 – “The Year of AfCFTA: Acceleration of the African Continental Free Trade Area Implementation.”