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Google’s Equiano Cable Arrives in Swakopmund, Namibia

Internet connectivity

Google’s Equiano Cable Arrives in Swakopmund, Namibia

Equiano, a Google subsea internet cable that will connect Europe and Africa by way of a cable that runs around the west coast of Africa from Portugal to South Africa, has arrived in Swakopmund, Namibia. The Equiano cable is designed to start from Portugal in Western Europe and run more

TPAY MOBILE's CEO, Sahar Salama relinquishes Group CEO duties to Become Group Chairwoman

TPAY MOBILE's CEO, Sahar Salama relinquishes Group CEO duties to Become Group Chairwoman

TPAY MOBILE, the leading mobile payments platform in the Middle East, Africa, and Turkey (META) has appointed Gaston Aussems, previously CEO of Mollie, as Group CEO, effective July 4, 2022. Announcing the appointment, the founder and former CEO of TPay Mobile, Sahar Salama, now the group chairwoman said “All of

Nairobi Becomes Home To Bolt Regional Hub

Nairobi Becomes Home To Bolt Regional Hub

Bolt’s Estonian mobility company has made Nairobi, the capital of Kenya, home to its head office in Africa. The calculated decision is said to strengthen the administration of its African offices. The office, which is precisely located at Riverside Drive, will serve as the company’s cord to other

Now Stitching with Stitch Payouts; South African Fintech Rolls Out New Product

Now Stitching with Stitch Payouts; South African Fintech Rolls Out New Product

The South African API Fintech startup, Stitch, has introduced Stitch Payouts. The startup claims the solution will simplify and make it faster for businesses to pay clients, suppliers, partners, and staff. Refunds, withdrawals, and disbursements are the three components of Stitch Payouts. Refunds will allow Stitch customers to reverse funds

Tigere Housing is Providing House Mortgages for Underbanked and Unbanked Zimbabweans

Tigere Housing is Providing House Mortgages for Underbanked and Unbanked Zimbabweans

Digitizing real estate financing in Africa is one thing, but digitizing real estate for the informally employed is a big deal. The duo of Vusa Chimanikire and Tanaka Mhambi developed Tigere Housing to provide housing mortagage for informally employed in Zimbabwe. Tigere Housing is was founded with the goal of

Amazon Egypt Rolls out BNPL Offer in Egypt via valU

Amazon Egypt Rolls out BNPL Offer in Egypt via valU

Amazon is introducing installment payment plans through valU, the leading Buy-Now, Pay-Later (BNPL) lifestyle-enabling fintech platform in MENA and a subsidiary of EFG Hermes Holding, in its quest to improve the shopping experience for its Egyptian customers through flexible and affordable payment options. Customers who are also valU customers will

Airtel Kenya Gets New CEO

Airtel Kenya Gets New CEO

One of Kenya’s leading telecommunication firms, Airtel Kenya, has announced the appointment of its new Chief Executive Officer (CEO), Ashish Malhotra. According to sources, Malhotra succeeds Parsanta Das Sarma, who recently left the company. Parsanta has held the position of CEO for the past five years. He has played

The Cost of South Africa’s Digital Migration Delay

The Cost of South Africa’s Digital Migration Delay

Khumbudzo Ntshavheni’s decision to shut down analog broadcast systems by June 30, 2022, has been rejected by South Africa’s constitutional court, which found that it is illegal. Ntshavheni (South Africa’s Minister of Communications and Digital Technologies) believes South Africa is ripe for digital migration. The decision follows

Another Internet Shutdown in Sudan: The Actual Cost of Weaponizing Internet Access by the African Gov't

Internet shut down in Africa

Another Internet Shutdown in Sudan: The Actual Cost of Weaponizing Internet Access by the African Gov't

Internet penetration in Africa remains the lowest globally, as only four in every ten persons in the continent had access to the internet as of December 2021. Moreover, the online penetration rate on the continent was below the global average, measured at around 66 percent. Nevertheless, according to Statista forecasts,

Digital Service Tax In Kenya Doubles; Takes Effect Today

Digital Service Tax In Kenya Doubles; Takes Effect Today

The Digital Service Tax (DST) doubles today in Kenya, as announced in April 2022. The DST, which was previously at 1.5 percent, has increased to 3 percent. According to Kenya’s Finance Act of 2022, the law shall take effect from 1st July 2022. The Kenyan government introduced the

How South African PaySpace is Effectively Handling Remote Working

How South African PaySpace is Effectively Handling Remote Working

PaySpace, a South African payroll, and HR software startup is committed to working remotely. As a startup explains, the ability to attract talent has been a critical effect of working remotely. As a startup explains, the ability to attract talent has been an essential effect of working remotely. The post-pandemic

Gurbhej Dhillon, Goldman Sachs’ Former MD, Joins Flutterwave as New CTO

Chief Technology Officer

Gurbhej Dhillon, Goldman Sachs’ Former MD, Joins Flutterwave as New CTO

Gurbhej Dhillon, the former Managing Director of Goldman Sachs, has been appointed Chief Technology Officer (CTO) of Flutterwave, a leading fintech company, and Africa’s most valuable startup. The fintech company says that the new CTO will be responsible for further developing Flutterwave’s innovative technology platform, which currently supports

EcoCash Will Dominate the Financial Landscape in Zimbabwe after Partnering with PayPal for International Transfers

EcoCash Will Dominate the Financial Landscape in Zimbabwe after Partnering with PayPal for International Transfers

Traditionally, the high cost of sending remittances and opaque transfer records are the common challenges that give rise to the need for digital international money transfer solutions. These challenges were more common for Africans trying to receive or send money abroad. However, the Fintech industry’s growth has resulted in

Paystack Makes yet Another Move: Launches Paystack Transfers in South Africa

Paystack Makes yet Another Move: Launches Paystack Transfers in South Africa

Nigerian Fintech giant, Paystack, has launched the Paystack Transfers Service for its South African customers. The startup announced the development yesterday via its blog page. According to the startup, businesses can use the service to transfer money in small and large amounts to South African bank accounts through their dashboards

Moove, Nigerian Mobility Fintech, Secures $20m Debt Funding from British International Investment, BII

British International Investment

Moove, Nigerian Mobility Fintech, Secures $20m Debt Funding from British International Investment, BII

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 Development Corporation), the UK government’s Development Finance Institution (DFI). Ladi Delano and Jide Odunsi founded Moove in 2020 to

How the Introduction of Rapid Payment Programme will Re-shape South Africa’s Payment System

BankServ Africa

How the Introduction of Rapid Payment Programme will Re-shape South Africa’s Payment System

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, there is often a strong inclination for a high industry concentration. Modern payment infrastructures demand a significant utilization of technology

Kukua, Nairobi-and London-based Edutainment Company Gets $6M from Alchimia and Tencent-led Series A

Kukua, Nairobi-and London-based Edutainment Company Gets $6M from Alchimia and Tencent-led Series A

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 A round, with the participation of EchoVC, firstminute Capital and Auxxo Female Catalyst. The children’s entertainment content creator says

Snapchat Officially Launches its New ‘Snapchat+’ a paid subscription Option

Snapchat Officially Launches its New ‘Snapchat+’ a paid subscription Option

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 to see which people have rewatched your Stories. The company says the features will be available at $3.99 per

eNaira Now on Remita’s Platform: A Quick Look at how the Digital Currency is Fairing so Far

eNaira Now on Remita’s Platform: A Quick Look at how the Digital Currency is Fairing so Far

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 all its touch points. Individuals and businesses can now use eNaira to make and receive payments for all utilities, services,

Morocco Finalizes Crypto Regulation: Why More African Countries Should Follow Suit

Morocco Finalizes Crypto Regulation: Why More African Countries Should Follow Suit

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 else, with transaction volumes increasing 1,200 percent between July 2020 and 2021. Reports suggest that one in every three

Solar Freeze is Cutting Africa’s Food Losses through its Integrated Post-Harvest Management Approach

Solar Freeze is Cutting Africa’s Food Losses through its Integrated Post-Harvest Management Approach

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 cause of this is a lack of refrigeration and storage facilities, which results in a short shelf life for produce

Egypt's Fintech Startup, MNT-Halan Secures $150M Securitized Bond Issuance

Commercial International Bank

Egypt's Fintech Startup, MNT-Halan Secures $150M Securitized Bond Issuance

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 book in the first issuance of a $600M program with Commercial International Bank (CIB), Egypt’s largest private sector bank.

Egypt's Healthtech Startup, Vezeeta, Lays Off 10% of its Staff: The Recent Wave of Downsizing by African Startups

African tech startups

Egypt's Healthtech Startup, Vezeeta, Lays Off 10% of its Staff: The Recent Wave of Downsizing by African Startups

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 its last year’s record, where it secured $4.4 billion in funding. According to data from the Big Deal,

The Cold War continues as MTN’s MoMo accuses 18 Nigerian banks of $53 million mobile money fraud

The Cold War continues as MTN’s MoMo accuses 18 Nigerian banks of $53 million mobile money fraud

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 Bank, Guaranty Trust Bank, Heritage Bank, Polaris Bank, Providus Bank, Stanbic IBTC, Standard Chartered, Sterling Bank, SunTrust Bank, Union Bank,

Rooomxix is Changing Streetwear Narrative in Africa

Rooomxix is Changing Streetwear Narrative in Africa

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 $31 billion, with Nigeria contributing 15% of that ($4.7 billion). This contribution is significantly less than South Africa’s