#2 Stablecoins, Startup Shutdowns and The State of EVs in Africa

In this episode of the Tech Tides Africa podcast, Kelvin and Karen discuss the emergence of stablecoins in Nigeria and Kenya, focusing on the distrust and regulatory challenges surrounding cryptocurrencies. They also touch on the shutdown of Nigerian Fintech startup Zoto and the fallout of Bento, which faced allegations of tax fraud and subsequently shut down operations in Nigeria. Additionally, they explore the strategic shift by Metro Africa Express (MAX) to focus on financing electric vehicles amidst the recent layoffs of 30% of its workforce. 

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