Africoin
Summary
"Africoin" is a name that has been used by at least five unrelated cryptocurrency projects and schemes operating across Africa since approximately 2013. The most widely documented uses involve a Nigeria/Ghana-based pseudo-cryptocurrency launched around 2016–2017, alleged to be a Ponzi scheme with anonymous or pseudonymous operators, and a separate South African entity sometimes confused with it called Africrypt (unrelated). A more recent entity also named Africoin — a Rwanda-headquartered real-world asset tokenization platform led by Vinod Khatumal — was admitted to Ghana's SEC regulatory sandbox in 2026 and represents a distinct, separately regulated operation. Because multiple operators have shared the same name, investigators must clearly disambiguate which entity is under review.
Connected Entities
1 entities · 10 linked investigationsTimeline(10 events)
2012-01-01
Michael Anthony Strother (Athens, Georgia) claims to have created AfriCoin International with two unnamed partners.
Medium — AfriCoin International: True Crypto Story2013-12-01
AfriCoin International launches its claimed first-ever ICO; project is subsequently alleged to have been hacked three months in. AfriCoin Blog post published.
AfriCoin Blog / Medium (Strother self-account)2017-01-13
pageone.ng publishes investigation questioning the Nigeria/Ghana Africoin scheme, identifying domain registrants John Mensah (Ghana) and Henry Okechukwu (Nigeria).
pageone.ng (now parked)2017-03-01
letdiscusscryptocoin.blogspot.com publishes promotional post for Africoin targeting Nigerian market, listing coin price of N200 and a contact phone number; promises official launch June 2017.
letdiscusscryptocoin.blogspot.com2017-10-27
AfriCoin International (Strother) relaunches on WAVES blockchain with 100 million tokens claimed to be backed by fine silver.
Medium — AfriCoin International: True Crypto Story2019-05-20
pageone.ng reports that the Nigeria/Ghana Africoin scheme pivoted from pseudo-cryptocurrency to a silver trading scheme under the brand AAGC (aagc.shop).
pageone.ng (now parked)2020-01-01
Africoin Black launches on Polygon network, describing itself as a philanthropic project distinct from earlier Africoin schemes.
Medium — Africoin Black (africoin.medium.com)2026-03-11
Ghana's Securities and Exchange Commission admits 11 firms including an entity called Africoin (RWA tokenization, Rwanda, Vinod Khatumal) to its regulatory sandbox under the Virtual Asset Service Providers Act, 2025.
CoinDesk2026-04-08
Africoin (Khatumal entity) issues press release distributed across aggregator sites announcing its Ghana SEC sandbox admission and plans for cross-border regulatory expansion.
Winger Daily (press-release syndication)2026-05-24
africoin.uk publishes updated company page listing Lucas Ndong as CEO, Fructuoso Ndong Maye as Manager, and Aris Da Silva as Marketing Director — a different team from the Vinod Khatumal press releases, raising an unresolved identity discrepancy.
africoin.uk/companyDecision Log
- hash: 75kpSFQ6Xn91qYxnTuUUCUg2YKaBk3foXXDeFvdpeAmc
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-sonnet-4-6
generated: 5/31/2026, 5:49:03 PM
last updated: 5/31/2026, 5:49:07 PM
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