Moove, a Nigerian mobility fintech startup, has secured a $20 million four-year structured debt funding from the British International Investment (BII) – (formerly CDC Group plc, Commonwealth Development Corporation, and Colonial
The underlying infrastructure and services must be sufficiently competitive or contestable for markets to operate effectively. Due to the significant economies of scale involved in payment, clearing, and settlement systems,
Kukua, a Nairobi- and London-based educational entertainment company and the creators of “Super Sema,” the first African animated superhero franchise, has secured $6 million in Tencent and Alchimia co-led series
Snapchat, a Social media giant, has officially launched its paid subscription plan called Snapchat+ that will offer exclusive features like the ability to change the app icon and being able
eNaira, the Central Bank of Nigeria’s (CBN) digital currency, received a significant boost as Remita, Africa’s leading electronic payment platform, added it as an additional payment option across
Despite growing use, cryptocurrencies have struggled for legitimacy in Africa for years. However, according to Chainalysis, a blockchain data platform, crypto usage on the continent is growing faster than anywhere
There is a ton of food produced worldwide that is never eaten. The value of these food losses and waste in poor nations alone is over $300 billion. The main
MNT-Halan, Egypt’s leading fintech startup, and its fastest-growing lender to the unbanked and underbanked announced yesterday that Tasaheel, its subsidiary acquired recently, has securitized $150 million of its loan
Judging by how amazingly the African tech startups performed in fundraising in the Q1 2022, one would have expected the tech ecosystem to continue to do wonders and possibly, outperform
Fintech arm of telecom giant, MTN MoMo has reportedly sued 18 Nigerian commercial banks for $53.7 million mobile money fraud. Access Bank, Ecobank, Fidelity Bank, FirstBank, First City Monument
Africa’s contribution to the $2.5 trillion global fashion market is estimated to be less than 1% of the total. Euromonitor estimates the Sub-Saharan fashion market to be worth
Abeg Technologies Limited, acquired by PiggyTech Global Limited, the parent company of PiggyVest, today announced that the Central Bank of Nigeria (CBN) had granted it an Approval In Principle (AIP)
