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    Changan taps Yango to boost fleet quality in Africa

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    The Bank of Ghana (BoG) has registered more than 100 virtual asset service providers (VASPs) under a new policy framework designed to regulate the country’s expanding cryptocurrency market. The move is part of Ghana’s Policy Position on Virtual Assets and Service Providers, released by the central bank in November 2025. It marks Ghana’s first national framework for the oversight of virtual assets such as cryptocurrencies, tokens, and blockchain-based services. According to the Bank, a registration exercise conducted in July 2025 identified over 100 companies offering services such as crypto exchange, wallet management, brokerage, and investment advisory to more than three million users nationwide. To strengthen supervision, the BoG will establish a Virtual Assets Regulatory Office (VARO) to coordinate with agencies including the Securities and Exchange Commission (SEC), the Financial Intelligence Centre (FIC), the Ghana Revenue Authority (GRA), and the National Communications Authority (NCA). “The Bank recognises that virtual assets can no longer remain outside Ghana’s financial regulatory remit,” the policy document stated. The framework shifts Ghana’s stance from caution to regulation. Previously, in 2018 and 2022, the BoG warned that cryptocurrencies were not legal tender and directed financial institutions to avoid processing crypto-related transactions. Under the new regime, Ghana’s regulatory approach will be risk-based and activity-specific, meaning that high-risk activities such as crypto trading and custody will undergo stricter licensing, while low-risk services will go through simplified procedures. Although virtual assets will not be recognised as legal tender, the Bank says the new policy aims to balance innovation, consumer protection, and financial stability, while mitigating risks such as money laundering, fraud, and terrorism financing. The policy also introduces the National Virtual Assets Literacy Initiative (NaVALI), which will promote financial education and responsible crypto usage among young Ghanaians — the country’s largest group of digital asset users. Ghana’s move aligns with international standards set by the Financial Action Task Force (FATF), the International Monetary Fund (IMF), and the Bank for International Settlements (BIS), placing it among Africa’s emerging leaders in regulated digital finance.

    BoG registers 100+ crypto firms under new regulation

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Changan taps Yango to boost fleet quality in Africa

Mabel Boamah by Mabel Boamah
4 hours ago
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Changan Automobile has taken a bold step in its African expansion strategy by partnering with UAE-based tech powerhouse Yango Group to enhance fleet quality and ride-hailing experiences across the continent.

The strategic agreement, signed at Changan’s Middle East and Africa headquarters, marks a shift toward smarter, multi-model mobility solutions tailored for emerging markets.

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Under the deal, Yango Motors — the automotive arm of Yango Group — becomes the official distributor of Changan vehicles in Côte d’Ivoire, with plans to scale across other African nations. The move signals Changan’s commitment to delivering durable, tech-forward vehicles optimized for ride-hailing and urban transport.

The partnership is designed to elevate fleet standards, improve driver experience, and support sustainable mobility ecosystems. By combining Changan’s advanced automotive technologies with Yango’s vast mobility network and data insights, the collaboration aims to empower local businesses, enhance safety, and reduce environmental impact.

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“This is more than a distribution deal — it’s a strategic leap toward intelligent mobility across Africa,” said Xiao Feng, General Manager of Changan’s MEA Business Division. “Together with Yango, we’re building a smarter, greener future for urban transport.”

Yango Ride, part of the global Yango Group, operates in over 20 countries and supports more than 2.1 million active drivers. The company’s investment in Africa reflects a broader push to develop next-generation ride-hailing platforms that prioritize accessibility, efficiency, and sustainability.

Read Also: New date announced for Daddy Lumba’s funeral: December 13, 2025

Mr Bolat, Senior Vice President of Mobility Business at Yango Group, added: “We’re proud to join forces with Changan to reshape mobility in Africa. Our shared vision is to deliver better vehicles, better service, and better outcomes for millions of users.”

The partnership also marks a transition from single-model procurement to multi-model integration and joint brand promotion, injecting new momentum into Africa’s smart mobility landscape. As both companies expand their footprint, consumers across the MEA region can expect smarter fleets, improved travel experiences, and a more connected future.

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Tags: Africa TechChanganFleet InnovationSmartMobilityYango Group
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