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Apple Sets July 25th For Price Adjustments For In-App Purchases In Nigeria, Egypt, Others

Apple Sets July 25th For Price Adjustments For In-App Purchases In Nigeria, Egypt, Others

Apple has announced that it will be adjusting its pricing for apps and in-app purchases in Egypt, Tanzania, and Nigeria, starting from July 25th, 2023. These changes are expected to have an impact on both developers and consumers in these African markets. While Apple did not explicitly state whether the

UAE Healthtech Startup Alma Health Secures $10M Series A Funding

UAE Healthtech Startup Alma Health Secures $10M Series A Funding

UAE-based direct-to-patient digital healthcare company Alma Health has secured $10 million in a Series A funding. The round was co-led by Knuru Capital and Hambro Perks Oryx Fund. Other investors that participated in the round include: e& Capital, S3 Ventures, Pinnacle Capital, and Khwarizmi Ventures, while KCP Capital acted

Uganda's New Digital Tax Law: Implications On Nation’s Economy, Freedom Of Speech

Uganda's New Digital Tax Law: Implications On Nation’s Economy, Freedom Of Speech

Uganda passed new tax law to impose a 5% levy on income earned by foreign providers of digital communications services like Twitter, Netflix, and Facebook.

Visa Launches African Fintech Accelerator Programme

Visa Launches African Fintech Accelerator Programme

Visa has introduced a fresh initiative called the Africa Fintech Accelerator programme, which aims to support African startups by providing them with expertise, connections, technology, and investment funding. The initiation of the Africa Fintech Accelerator programme is a result of Visa's recent promise to dedicate US$1 billion

Acorn Fintech Secures Fund From Equity Capital EPT Tech Fund

Acorn Fintech Secures Fund From Equity Capital EPT Tech Fund

Acorn Fintech, a South African start-up has just received funds from EPT Tech Fund, a venture capital firm. The venture capital firm is focused on emerging start-ups in Africa, aiming to secure pre-seed funds. The announcement was made on Tuesday by Joanna Govender, CEO of EPT Tech Fund.

African Fintechs Gain Financial Backing From World Bank

African Fintechs Gain Financial Backing From World Bank

Through the Southern Africa Innovation Bridge Portal initiative, the World Bank has provided financial support to ten fintech start-ups. This initiative has created an opportunity for underserved communities, which are often seen as high-risk by investors, to access funding. Supported by the World Bank and Switzerland’s State Secretariat of

Parket Launches Its Operations In Johannesburg

Parket Launches Its Operations In Johannesburg

In South Africa, parking problems are widespread and affect both commercial and residential areas. The influx of residents and tourists in cities contributes to a shortage of parking spaces. Parket, a proptech start-up, has officially initiated its operations in Johannesburg, offering a solution to the city's parking challenges.

Flutterwave Launches Tuition For Seamless Overseas Education Fees Payments For Africans

Flutterwave Launches Tuition For Seamless Overseas Education Fees Payments For Africans

Flutterwave has unveiled Tuition for Africans to effortlessly settle various fees for educational institutions within Africa and overseas.

Nigeria's Propel Raises $2.7M Seed To Scale Talent Platform

Nigeria's Propel Raises $2.7M Seed To Scale Talent Platform

Nigerian HR tech startup, Propel has announced raising $2.7 million (€2.5 million) in seed funding.

Dubia-based refurbished-electronics startup, Revibe, raises $2.3m for expansion

Dubia-based refurbished-electronics startup, Revibe, raises $2.3m for expansion

Revibe, a Dubai-based refurbished-electronics startup, announced it has raised US$2.3 million in order to accelerate its growth within the US$6 billion refurbished consumer electronics market in the MENA region — which is expected to reach US$20 billion within the next decade.

Egyptian fintech Menthum raises pre-Seed funding

Egyptian fintech Menthum raises pre-Seed funding

Menthum was founded in 2021 by Himanshu Shrimali and Ismail Sarhank. This innovative digital platform serves both B2B and B2C customers, enabling them to invest in secure treasury bills (T-bills) through a reliable money market fund.

MENA Agritech Report H1 2023

MENA Agritech Report H1 2023

The MENA VC ecosystem witnessed a slow start in 2023, with funding declining by 13% YoY, and deals plummeting by 55%. In the first half of 2022, the highest funding deal was recorded in February with $375 million

CodeLn Launches CodeLnPay For Seamless Cross-Border Salary Payments To Remote Workers In Africa

CodeLn Launches CodeLnPay For Seamless Cross-Border Salary Payments To Remote Workers In Africa

CodeLn, a leading end-to-end technology platform, has unveiled CodeLn Pay, a revolutionary payroll platform designed to facilitate cross-border salary payments. This innovative solution aims to assist companies in streamlining the wage payment process, ensuring quick, secure, and hassle-free transactions for remote workers in Africa. The launch of CodeLn Pay addresses

Cryptocurrency Transactions Will Soon No Longer Be Permitted In South Africa Without A Licence

Cryptocurrency Transactions Will Soon No Longer Be Permitted In South Africa Without A Licence

Alfii, an HRtech company based in the UAE, has successfully raised $2.5 million in a pre-seed round

Alfii, an HRtech company based in the UAE, has successfully raised $2.5 million in a pre-seed round

Alfii’s mission is to be the most comprehensive fintech-powered people platform that helps companies thrive by caring for their people.

Meet Pitch2Win 15 Finalists Gunning For The $10k Prize Money

Meet Pitch2Win 15 Finalists Gunning For The $10k Prize Money

The grand finale of Pitch2Win is scheduled to take place on July 11th, 2023 in Lagos, Nigeria, where innovative startups in the Web2 and Web3 sectors will vie for the coveted $10,000 grand prize.

Safaricom To Establish Two VC Firms To Invest In Kenyan Startups

Safaricom To Establish Two VC Firms To Invest In Kenyan Startups

Safaricom intends to broaden its investment scope by supporting not only seed-stage startups but also the growth of established scale-ups.

Seedstars Launches FIWAM Program to Drive Financial Inclusion For Women Migrants

Seedstars Launches FIWAM Program to Drive Financial Inclusion For Women Migrants

Seedstars has launched the Financial Innovations for Women Affected by Migration (FIWAM) program to identify and support fintech businesses that are dedicated to promoting financial inclusion, particularly for migrant women in Asia, MENA, and Sub-Saharan Africa.

Yoco Launches Neo Touch To Redefine Seamless Payment In South Africa

Yoco Launches Neo Touch To Redefine Seamless Payment In South Africa

The development of Neo Touch was a complex and time-consuming process, requiring nearly 15 months of collaboration between Yoco's engineers and industrial experts.

Kyosk Acquires Kwikbasket To Revolutionize The Supply Of Fresh Produce In Africa

Kyosk Acquires Kwikbasket To Revolutionize The Supply Of Fresh Produce In Africa

Kyosk has acquired KwikBasket, a prominent player in the agricultural sector, to revolutionize the supply of fresh produce and expand into the African fresh produce market with the introduction of its Farm & Fresh line of business.

Morocco's Chari Receives $1.5 Million To Scale Its Growth

Morocco's Chari Receives $1.5 Million To Scale Its Growth

The investment will give the company the boost it needs to carry out its expansion strategies and build up its ground-breaking infrastructure for financial services for the general public.

NOMU Group Raises $5 Million in Seed Round

NOMU Group Raises $5 Million in Seed Round

NOMU, a Saudi-Arabia-based food-tech startup, founded in 2022 as a result of the merger between Jumlaty and Appetito announced it has raised $5M in a seed round to expand its technology offering.

Orange Bank Africa Partners IFC To Extend Digital Lending To West African SMSEs

Orange Bank Africa Partners IFC To Extend Digital Lending To West African SMSEs

Orange Bank Africa partners with the International Finance Corporation to extend digital lending opportunities to small and medium-sized enterprises (SMEs) in West Africa.

Nigerian Invoice Financing Startup, Zuvy Emerges From Stealth Mode With $4.5M

Nigerian Invoice Financing Startup, Zuvy Emerges From Stealth Mode With $4.5M

Nigerian startup specializing in invoice financing and software solutions, Zuvy has raised $4.5 million in a TLG Capital-led investment round to expand its operations across the country.

Fintech Capital Appreciation Finally Acquires Dariel

Fintech Capital Appreciation Finally Acquires Dariel

In April, the company initially revealed its intention to acquire Dariel, stating that it aimed to obtain the entire company for a total purchase price of R85.3 million.