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RSwitch Partners With EFT Corporation For Rwanda's Fintech

RSwitch Partners With EFT Corporation For Rwanda's Fintech

Rwanda’s national e-payment system, RSwitch, has partnered with one of Africa’s fintech experts, EFT Corporation. This partnership comes in a bid to develop Rwanda’s financial technology, giving Rwandans ingress to their finances on various technology platforms. RSwitch is set to gain massively from this contract, which includes

Creditchek raises $240,000 in a pre-seed funding

Creditchek raises $240,000 in a pre-seed funding

Nigerian fintech startup, Creditchek, has announced its success in raising pre-seed funding of $240,000. Co-Founder Ibe Kinsely took to LinkedIn to make this announcement. Creditchek is a financial service company developed to check and verify customers’ credit worthiness. According to Kinsley, Creditchek raised the pre-seed to build a reliable

Twitter Lays Off 30% of its Recruitment Team

Twitter Lays Off 30% of its Recruitment Team

Twitter laid off 30% of its talent acquisition team on Thursday, according to the Wall Street Journal. This comes as the social media company continues in its back-and-forth acquisition deal that has lingered for months now with Tesla CEO, Elon Musk. You will recall that in May, Twitter announced a

Tunisia’s Fintech Startup, Paymee Secures six-figure in P1 Ventures-Led Round

Tunisia’s Fintech Startup, Paymee Secures six-figure in P1 Ventures-Led Round

Paymee, a Tunisian fintech startup that provides a digital payment gateway through Clic2Pay, has raised six figures in a P1 Ventures-led round. The led investor is a venture capital firm specializing in early-stage African FinTech. the funds will be used to accelerate product development and expand its enterprise offering. Marwen

Top 5 Startups Creating Tech Employment in South Africa

Top 5 Startups Creating Tech Employment in South Africa

According to a World Economic Forum report in 2019, Africa’s industrialization and tech employment prospects were in danger. According to estimates, 41% of all job activities in South Africa, 44% in Ethiopia, 46$ in Nigeria, 48% in Mauritius, 52% in Kenya, and 53% in Angola are amenable to automation.

Kenyan High Court Freeze Flutterwave, 56 Other Bank Accounts

Asset Recovery Agency

Kenyan High Court Freeze Flutterwave, 56 Other Bank Accounts

One of Africa’s biggest startups, and Nigerian fintech company, Flutterwave, is currently faced with money laundering charges as a Kenyan High court freezes its account and that of 56 others linked to it. Reported by journalists, the Kenyan Asset Recovery Agency (ARA) informed the court, that about seven accounts

Visa Partners Flocash to Promote Digital Capabilities for African SMEs

Visa Partners Flocash to Promote Digital Capabilities for African SMEs

Visa, the world’s leading digital payments company, announced today that it is partnering with Flocash, Africa’s fastest-growing fintech 2022, to promote digital capabilities for African SMEs through digital payments, supplier solutions, and access to financial services. The first step in this collaboration is the launch of Flostore, powered

Autochek acquires CoinAfrique to Expand into Francophone Africa

Autochek acquires CoinAfrique to Expand into Francophone Africa

Autochek, a pan-African automotive e-commerce company, has acquired CoinAfrique, a classified marketplace in francophone African countries, for an undisclosed sum to accelerate the penetration of its auto financing services in the region, particularly in Senegal and Côte d’Ivoire. The deal, which will see CoinAfrique’s team join Autochek and

Eco-Friendly Kwezi Safaris Recognized And Awarded In Uk

Eco-Friendly Kwezi Safaris Recognized And Awarded In Uk

Kwezi Safaris, a Kenya-based travel and tour operator that embraces eco-friendly lodges and renewable energy, has been recognized by the United Kingdom(UK) for its sustainable operations. The company was acknowledged for its commitment to sustainable business operations and an active corporate social responsibility practice. Hence it received The Travelife

South Africa Hardware Startups Invited to Apply for Savant BUILD program

South Africa Hardware Startups Invited to Apply for Savant BUILD program

The Savant BUILD program, a structured incubation program that gives selected firms access to various forms of support, has announced that South African hardware innovators can submit applications. Savant will provide services worth $6,000 in exchange for the possibility to own 5% of the business. The Savant BUILD program

TikTok is Experimenting with Restricting Live Streams to Viewers Aged 18+

TikTok is Experimenting with Restricting Live Streams to Viewers Aged 18+

TikTok, the video-based social networking platform, rolled out a series of policy updates and plans for new features and technologies to make the platform safer and more secure, particularly for younger users, months after it launched. In addition, TikTok has announced that it is testing a new setting that allows

Centenary Technology Partners With Sunbird AI For Technology Development In Uganda

Artificial Intelligence

Centenary Technology Partners With Sunbird AI For Technology Development In Uganda

In a bid to improve Uganda’s Artificial Intelligence (AI) ecosystem, a Memorandum of Understanding has been signed, between Centenary Technology and Sunbird Artificial Intelligence experts. The calculated partnership is in line with providing solutions to challenges in regards to inclusion, likewise equality in the use of AI technology. Popularly

Bdeo & Hollard Insurance Partner to launch Visual Intelligence Solutions in South Africa

Bdeo & Hollard Insurance Partner to launch Visual Intelligence Solutions in South Africa

In order to introduce an artificial intelligence (AI) insurance claim assessment tool to the South African market, Bdeo, a Spain-based Insurtech startup that offers visual intelligence solutions for the insurance industry, has officially announced a new partnership with Hollard Insurance Group, the largest privately-owned insurance company in South Africa. Using

Egypt Continues to Dominate the North African Tech Startup Space as it Cornered 53% of the Region's Funding in June

Egypt's tech startup funding

Egypt Continues to Dominate the North African Tech Startup Space as it Cornered 53% of the Region's Funding in June

Egypt with a population of about 102 million people, has maintained its dominance in almost all spheres of human endeavor, ranging from population, economy, and infrastructure development to sport. And it has now attracted the highest amount of tech startup funding to the region, dominating every month in the first

5 StartUp To Look Out For In Mauritius

5 StartUp To Look Out For In Mauritius

Mauritius has always been tagged as a location for relaxation and rejuvenation. The place you think of when words like holiday, retreat, or destination wedding come to mind. The nation’s tourism industry has overshadowed other sectors, including the Tech and Start-up industries. It might be surprising to others that

Kenya's President Launch NIFC To Boost Fintech

Kenya's President Launch NIFC To Boost Fintech

Kenya’s President, Uhuru Kenyatta, launched The Nairobi International Financial Center (NIFC) in the capital city today. This is aimed at boosting the nation’s Fintech sector. The center is established to strategically place Kenya on the map, attracting international investments in Fintech and manufacturing industries. This follows a technical

South Africa is Africa's Startup Powerhouse, With The Highest Number of Exits

South Africa is Africa's Startup Powerhouse, With The Highest Number of Exits

According to the South African Startup Ecosystem Report 2022, which was published today by the SA SME Fund, Nedbank CIB, and startup-focused news and research organization Disrupt Africa, South Africa has become Africa’s startup powerhouse. The 17th publication and second country-focused report of the South African Startup Ecosystem Study

War in Europe, Drop in Tech Funding in Africa

Africa startup funding

War in Europe, Drop in Tech Funding in Africa

The amount of funding committed to a particular sector directly affect the development, quality, and services generated from the sector. Funding maximizes the benefits available for a sector or unit and transmits a signal that the founders are willing to grow. Whether these funds come as Seed Money –required to

Orange Egypt Partner Mohamed Nagati, Victory Link to Launch Start-up Mentoring Platform for Egypt's Talents

Orange Egypt Partner Mohamed Nagati, Victory Link to Launch Start-up Mentoring Platform for Egypt's Talents

Orange Egypt, one of the world’s leading telecommunications operators has announced the launch of an integrated digital platform that supports and guides promising, innovative, and creative ideas to encourage young talents in Egypt to go through the experience of establishing start-ups and gaining the knowledge needed to turn their

YAP, Leading Fintech in MEASA Secures $41M Funding to Expand into Egypt and Three Other Markets

Aljazira Capital

YAP, Leading Fintech in MEASA Secures $41M Funding to Expand into Egypt and Three Other Markets

YAP, the leading fintech disrupting the digital banking experience in the Middle East, Africa, and South Asia, announced today that it had received a $41 million investment to fund its operations and growth from Saudi Arabia’s Aljazira Capital, Abu Dawood Group, Astra Group, and Audacia Capital. The Dubai-based fintech

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