Connect with us


7 Blockchain Companies in Africa to watch For 2019 | Top Africa’s Blockchain Companies



top african blockchain companies

7 Blockchain Companies in Africa to watch For | Top Africa’s Blockchain Companies

Blockchain Technology has seen massive growth and adoption over the past 3 years (2016 till date) and undoubtedly one of the hottest topics in the tech and Fintech industry right now. Everyone is looking for how to queue into this technology and tap from the good opportunities that it holds.

Africa as a continent is not left behind in this new technology as many companies are erupting and building tools, utilities, and hubs around the African Blockchain Ecosystem.

Obviously, it’s good to see many companies emerging with blockchain related products that are globally used as a tool to make life better while on the trend of the blockchain technology anywhere in the world

Today, we will be looking at top 7 African Blockchain Companies to watch out for and might become the biggest players in the African blockchain space in the nearest future.

Most times, When people think of Blockchain, their initial thoughts falls towards Bitcoin and cryptocurrencies and Fintech related technologies; it is however far more than just a new payment system to use.

Related: How blockchain technology will help African Banks

The underlying tech behind Blockchain has got more to offer and can;

  • Potentially revolutionize how transactions over the Internet take place altogether.
  • Blockchain is secured and uses cryptography to keep exchanges secure,
  • Transparency by providing a Decentralized database or “digital ledger”, of transactions that everyone on the network can see.
  • This network is essentially a chain of computers that must all approve an exchange before it can be verified and recorded into the network.

In our next article, we will look at various sectors the Blockchain technology is going to affect and how they can benefit from it.

In a single sentient from GT Igwe Chrisent, “Blockchain technology will bank the unbanked in Africa”. It doesn’t need anyone’s approval to happen, the people will eventually make a choice and looks like Blockchain will take over in the nearest future.

Now, let look at

Top 7 Blockchain companies from Africa to Watch Out For:

  1. Blockchain Tech Hub (Nigeria)

blockchain tech hub satowallet

Led by Samuel Benedict Ogbonnaya, Blockchain Tech Hub is currently the Largest Blockchain company in Africa. The company is a blockchain innovative tech hub providing solutions and tools for blockchain and cryptocurrency utilization in Africa.

Blockchain Tech Hub is the Parent company housing

  • Satowallet; The largest Multi cryptocurrency wallet in Africa currently being used in over 30 countries. Download Satowallet for Android and Apple.
  • Proposed Satoversity: A Proposition to become the largest blockchain university in Africa.
  1. Bitland (Ghana)

Bitland in ghana

Bitland is a blockchain based organization that looks to provide services that will allow individuals and organizations to survey land and have its records into the Bitshares Blockchain network.

Their technology is built in such a way that streamlining and automating the entire land registration process is easy so it provides a better system of record, by combining automation with blockchain technology. For Every land survey, the process it recorded and confirmed on the Bitsahare Blockchain.

At the moment, the pilot project is working out of Kumasi, Ghana, and the team is looking to expand their reach further into the African continent. As the Bitland company grows, they look to build infrastructure in developing countries to potentially unlock billions of dollars in untapped property rights from their game.

  1. Custos Media Technologies (South Africa)

Custos Media Technologies in South Africa

CustosTech Media looks to help the African entertainment industry tackle piracy by providing a simple and sustainable solution by using Bitcoin. The Custos platform develops cutting-edge digital content technologies that allow content owners to distribute, manage, and protect sensitive media. Their technology turns downloaders against uploaders by embedding extractable bounties into media entrusted to customers. This innovative core technology of Cutos Media gives a new level of protection to the owners of any content project; whether a large book publisher, a small indie film producer or anything in between – anywhere sensitive digital media moves, Custos can protect it with its copyright technology.

  1. Bankymonn (South Africa)


Bankymoon is a South African Startup, primarily focused on taking advantage of blockchain technologies by providing bitcoin payment gateways to smart metering vendors. The platform allows vendors to accept bitcoin payments for their products and services. The company looks to cut out third-party intermediaries such as a municipality which channels utility to its industrial, commercial or residential customers. The system which Bankymoon provides will cut out middlemen and thus cut out costs of carrying out the transaction for B2B and B2C companies.


  1. Digital Abundance (Nigeria)

 digital abundance of cryptohub, satoshi lab

Led by Chris Ani, Digital Abundance is unarguably one of the next big companies to watch out for in the Blockchain space.

Digital Abundance is a blockchain based company poised to educate and validate Nigeria and Africa at the large the right knowledge and Tech Know How it using and implementing the Blockchain technology.

Digital Abundance is a budding consortium who passionately believe bitcoin and blockchain technology will drive global economic revolution and social change. Their unique decentralized model enables them to use bitcoin and blockchain technology to spread digital abundance to millions of people across the world’

To Offer financial services to the unbanked, unidentified and the ignored as we also become a pacesetter in the Fintech and crypto space using bitcoin and blockchain technology to spread digital abundance to millions across the world.

The company has different Brands/products to serve on the African Blockchain space.

  • CryptoHub: First Blockchain and cryptocurrency academy in Nigeria.

They are a pacesetting service system with a goal to educate Africans with the relevant knowledge about everything Cryptocurrency and Blockchain Technology, and also help one create wealth through Cryptocurrency trading education. CryptoHub Nigeria also act as digital asset management and diversification consultants, helping you get the best in the system. Your experience with Cryptohub will help you become better in the crypto Space.

  • We Go Exchange: WEgOxchange and Nigerian Bitcoin exchange. An exchange and bitcoin wallet service provider Marketplace for peer to peer bitcoin and digital asset trading with a physical location for over the counter trading.
  • CryptoLife Capital is a cryptocurrency investment and trading firm, bringing professional trading and portfolio management to an emerging digital asset class. CryptoLife Capital focuses on;
  1. Minning & Masternodes
  2. Cryptotrading & Investment
  3. Portfolio Management
  4. Crypto pool Investment Funds
  • Satoshi Lab: The development platform, an incubators hub with a simple mission to help shape the future of cryptocurrency, decentralized consensus network, and blockchain technology. Satoshi Lab focuses on token development, executing smart contracts, developing and installing digital currency payment systems, providing blockchain solutions for financial institutions, corporations, clubs, startups, retail centers and organization where blockchain solution is needed we are also here for those who want to pursue a career in bitcoin and blockchain technology.
  • Digital abundance Business academy -DABA is a unique training and coaching platform where individuals and organizations gain relevant strategies, and on-demand global  skills for scaling, wealth creation and financial  freedom
  • Cryptolife media is the media arm of the company
  1. OTLW (Kenya)

OTLW, which was founded in Kenya, is a development group that builds robust decentralized applications on top of emerging blockchain technologies such as Ethereum and IPFS. They are a group of decentralized application developers building a universal educational system that is distributed through web-technologies, the application is powered by an assessment model built on the Ethereum blockchain, and supported by the mass amounts of educational material that is available online.

5) The Sun Exchange (South Africa)

The Sun Exchange in south africa

The Sun Exchange provides a marketplace where people can purchase solar cells and have them power commercial and community solar plants in the sunniest locations on earth. The solar cells are purchased through The Sun Exchange to hospitals, factories, schools and other end-users, earning users decades of solar-powered rental income wherever you are in the world. The Sun Exchange hosts what they call a ‘crowd-sale’ of solar cells. It works like crowd-funding in that the project will only go ahead once all the solar cells have been sold.

The Sun Exchange arranges the solar equipment leases for you and arranges the revenue collection and distribution systems so you can earn a passive stream of rental income powered by the sun. The company operates its payment model using cryptocurrency Bitcoin which does not incur any additional fees, unlike the alternative traditional payment model.





What is Cryptocurrency And How Does It Work? 



Obiex finance website

Cryptocurrencies are decentralized digital assets that operate on blockchain technology that in turn operates by storing a ledger of every transaction on all nodes powering the blockchain. 

In layman’s terms, blockchain technology is like a record keeper, it collects data (in blocks) and links one block of data to another, forming a chain. The data on the blockchain is open for all to see and cannot be easily altered. Blockchain technology can be used for a variety of use cases besides cryptocurrency, ranging from voting to crowdfunding, keeping health records, etc.

Using Bitcoin as an example, nodes are computers connected to the network to mine Bitcoin,  – this collection of independent nodes working together is what makes the network decentralized.

The decentralized nature of cryptocurrency is down to the creators recognizing flaws in traditional banking & financial systems like governments and financial institutions acting only in their best interests and not in the best interest of the common man, leading Satoshi Nakamoto (the creator of bitcoin and blockchain technology) to take steps to rectify that.

Related: What are NFTs?

To make cryptocurrency transactions, you will need to have a set of both public and private keys that will act as passwords protecting your crypto wallet. 

The Public key is connected to your wallet address, allowing you to share the address with others to receive cryptocurrency, while the private key is known to only you and is what you will use to approve outgoing crypto transactions from your wallet. 

Trading Cryptocurrency on Obiex

Obiex finance website

With the popularity of cryptocurrency trading currently at an all-time high, the biggest challenge for many rookie traders is selecting which cryptocurrency exchange to trade on.

If you fall in this category, the immediate priority should be finding an exchange that allows rookie traders to make trades easily, doesn’t charge extra fees and is completely secure. That exchange is Obiex Finance.

In this guide, you will be shown how to navigate the Obiex mobile app & website easily and what to do to get started with making cryptocurrency trades. 

Getting started with Obiex Finance 

Obiex Finance is a digital asset exchange and financial technology (Fintech) platform that gives its users the ability to easily execute cryptocurrency trades from anywhere regardless of their skill level.

Their commitment to ensuring that users get the best experience is shown in how they allow instant swaps from volatile coins like Bitcoin to stable coins like USDT, and vice versa, without confirmations. In a market where the value of crypto can fluctuate wildly, this feature is especially valuable as it allows users to seamlessly switch between making profits to saving those profits in a more stable currency before the value drops.  

To create an Obiex Finance account, simply head over to their homepage, click on “sign up”, fill in the required fields and verify your email address. After that, create wallet addresses for your crypto assets and you’re ready to start trading!

The cryptocurrency available for trading on the Obiex Finance platform are: Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Polygon (MATIC), Dogecoin (DOGE), Tether (USDT), Binance USD (BUSD), and USD Coin (USDC).

Getting Started with Cryptocurrency trading

After creating your Obiex account, you need to follow these simple steps:

  1.     Have a Trading Strategy: Trading cryptocurrency without having a strategy in place is the easiest way to lose your money. You will need to research the various crypto trading strategies thoroughly and choose the one that best suits your needs and temperament. For example, if you’re a patient person who is content to make smaller, safer trades over a long period of time instead of making riskier trades, then scalp trading is the best trading strategy for you. There are also other crypto trading strategies such as Swing trading, position trading, Arbitrage, dollar cost averaging etc.
  2.     Pick the cryptocurrency you’d like to trade: There are several cryptocurrencies available on Obiex Finance such as Bitcoin, Ethereum, Binance Coin, Tether etc. Selecting which cryptocurrency to trade is usually down to making a choice; whether to stick with the safer, more established cryptocurrencies like Bitcoin or to go with the more volatile coins that have a high upside and an equally high-risk factor like the Dogecoin which can move in either direction based on what Elon Musk tweets.

It is also important to note that when you pick a cryptocurrency to trade, it would be wise to ensure that the cryptocurrency matches the strategy you pick. For example, if your preferred strategy is patient scalp trading, then investing in volatile coins that have a high upside but carry a lot of risk is not the wisest move. 

To swap crypto on Obiex Finance, add the wallet of crypto assets you’d like to swap, send the crypto to the wallet you just created, navigate to the ‘swap’ option on your dashboard, and select the coins you’d like to swap. You will receive the swapped coin in your wallet balance immediately without waiting for network confirmations.

  1.     Securely store your cryptocurrency: The same way you’d protect your goods and profits if you had a physical store is the same way you need to protect your cryptocurrency so it doesn’t fall into the wrong hands.

You can store your crypto securely on your Obiex wallet but if you want an alternative, physical wallets are also an option. Physical wallets allow you to store your crypto in secure hardware, offline storage device reducing the likelihood of online hackers stealing your hard-earned crypto. This is a list of reliable physical wallets you can use.


If you’re a newbie to crypto trading, the keyword is patience. Taking the time to properly understand the market before making trades will stand you in good stead. While risks occasionally pay off, a patient, long-term strategy is required to make consistent profits. For more information about trading as a newbie, you can check this out to understand unfamiliar crypto terms and to learn more about spot trading and futures.

Obiex Frequently Asked Questions | Obiex FAQs

  • Will I be charged a fee when I swap coins on Obiex? 

No you won’t. While other crypto exchanges charge for trades and require confirmations to execute swaps, Obiex allows you to make free, instantaneous swaps without the delay that comes with waiting for confirmation. This also helps you avoid unnecessary losses.

  • Can I trade crypto on Obiex if I don’t know much about crypto? 

Yes, you can! The Obiex Finance platform allows both rookie and experienced traders to make easy, safe trades regardless of trading experience.

  • Can I send and receive crypto easily?  

Yes, you can. To send crypto, you will use your private key to execute outgoing trades and your public key/your wallet address to receive incoming trades. You can also send and receive crypto using just Obiex usernames.

  • Why do I need to swap coins? 

Swapping coins allows you to either acquire a coin you think is (currently) more valuable than a coin you have a lot of. You can also use swaps to ensure that your funds are invested in a more secure coin like USDT if you feel the volatile coin you’re holding is about to go on a bear run and lose value.

  • Do I get a referral bonus when I invite friends to use Obiex? 

Yes, Obiex has a referral campaign that rewards users that invite their friends and family to trade the minimum of $10 on Obiex.




Continue Reading


Non-Fungible Tokens (NFTs): What Are They And How Do They Work?



Non-Fungible Tokens (NFTs)



Continue Reading


Is Bitcoin The New Institutional-Grade Safe-Haven Asset?



safe-haven asset



Continue Reading