Nigerian Tech Daily: South Africa Rewrites Crypto Rules, AltSchool Africa Gets New CEO

South Africa Rewrites Crypto Rules Following Objections

South Africa's Finance Minister Enoch Godongwana has announced plans to rewrite the country's draft crypto rules. The decision comes after thousands of public comments were received, indicating that a different approach was needed. The National Treasury published the draft Capital Flow Management Regulations in April 2026, which would replace the 1961 Exchange Control Regulations and also pull cross-border flows of capital.

Source: The Condia

AltSchool Africa Gets New CEO

Adewale Yusuf has stepped down as CEO of African edtech startup AltSchool Africa after five years at the helm. Co-founder Akintunde Sultan will take over the role with immediate effect. Yusuf co-founded the company with Sultan and Opeyemi Awoyemi in 2021 and will remain involved in a leadership capacity while spending more time with his family in the US.

Source: The Condia

African Creators Earn Less Than $100 Monthly

A recent study by Techpoint Africa found that six in ten African creators earn less than $100 monthly. This highlights the challenges faced by creators in the African continent, where the market is still developing and competition is high.

Source: Techpoint Africa

The Takeaway for Nigerian Businesses & SME Operators

In today's fast-paced tech climate, it's essential for Nigerian businesses and SME operators to stay ahead of the curve. The developments mentioned above highlight the importance of adaptability and responsiveness in the face of changing regulations and market trends. With the rise of digital payments and online marketplaces, businesses must prioritize rapid response times and customer availability to remain competitive. By doing so, they can capitalize on emerging opportunities and stay ahead of the competition in the ever-evolving Nigerian tech landscape.