In response to the Central Bank of Nigeria’s (CBN) stringent Know-Your-Customer (KYC) directives, OPay, a leading mobile-based payment platform, has pledged to enforce the mandatory requirement of Bank Verification Number (BVN) and/or National Identification Number (NIN) for all accounts holders. This commitment aligns with CBN’s directive, making BVN and/or NIN mandatory for all individual accounts […]

As Africa continues to experience a rapid surge in fintech revenue, marked by a compound annual growth rate (CAGR) of 32%, a recent report by Boston Consulting Group (BCG) and QED Investors foresees the continent’s fintech market reaching an estimated $65 billion by 2030. South Africa, Nigeria, Kenya, and Egypt stand at the forefront of […]

Anambra state government announces strategic engagement with 26 US high-tech enterprises. [ez-toc][ez-toc] this. These firms include Google, Meta, AWS, Dell, and others. As reported, the strategic relationship was reached over a weekend meeting at the US Consulate General in Lagos. The state delegation, led by Governor Chukwuma Charles Soludo, CFR, met with the US Consul-General, […]

Telecommunications is a dynamic industry that continually evolves with technological advancements. In this exploration, we delve into key trends shaping the telecommunications landscape. The telecom industry is undergoing rapid transformation driven by advancements and evolving consumer demands.  One prominent trend is the widespread deployment of 5G networks, promising unprecedented data speeds and low latency. This […]

Applications are now being accepted for the 12-month tech entrepreneurship program at MEST (Meltwater Entrepreneurial School of Technology). Serial entrepreneur Jorn Lyseggen established MEST in 2008 in Ghana. It serves as an incubator, seed fund, and program for software and entrepreneurship. Its goal is to assist in the launch of technology startups all over Africa.  […]

For the second year running, the Ed-Tech Fellowship Programme in Nigeria, co-hosted by Co-Creation Hub (ccHub) and the Mastercard Foundation, is accepting applications. A US$15 million ed-tech accelerator initiative will be launched in Kenya and Nigeria by CcHub and the Mastercard Foundation in February 2023 as part of the Mastercard Foundation Ed-Tech Fellowship Programme. In […]

The International Monetary Fund (IMF) estimates that 40% of jobs in emerging markets and 60% of jobs in developed nations could be impacted by artificial intelligence (AI). According to the global organisation, a more pronounced effect on developed economies is anticipated than on developing markets and low-income nations. Read also: Ghana secures funds for climate […]

As part of its strategy to compete with Netflix Inc. and substantially increase its revenue on the continent, MultiChoice Group’s Showmax, the largest streaming service in Africa, has appointed top Sky executive Andrea Zappia as chairman following a deal with Comcast. This month, Zappia, as confirmed by MultiChoice and his LinkedIn profile, became chairman. He […]

XTransfer, China’s leading B2B cross-border trade payment platform, has officially launched its international services, extending its footprint to over 200 countries and regions globally. After initially introducing international services in Hong Kong in April last year, the platform aims to cater to Micro-, Small, and Medium-sized Enterprises (MSMEs) engaged in cross-border trade. Commitment to MSMEs […]

SoftBank Group, the Japanese conglomerate that has invested in some of the world’s most successful tech companies, is set to become the biggest financer of Nigerian tech startups in 2024, according to industry sources. The group, which has a $100 billion Vision Fund dedicated to backing technology ventures, has already made two major investments in […]

Nigeria is a hotbed of innovation and entrepreneurship, with a vibrant tech ecosystem that has produced some of the most successful startups in Africa and beyond. In this article, we will look at the top 10 Nigerian tech startups in 2024, based on their funding, valuation, impact, and growth. Flutterwave Flutterwave is a fintech company […]

Nigeria, the most populous nation in Africa, has emerged as the top on the continent in terms of tech startups, with an estimated 3,360 of the 5,200 total, according to reports.  Nigeria’s digital ecosystem is thriving, inventive, and dynamic; it draws big talent, capital, and international attention. But the nation also faces some obstacles that […]

Google has revealed that cloud customers can move their data to another cloud service provider for free.  The company said that removing fees for moving data between cloud providers would make it easier for users to switch providers. However, it was pointed out that this doesn’t fix the main problem that keeps many customers from […]

The World Economic Forum (WEF) has listed  AI-generated misinformation/disinformation and cyberattacks as top concerns for countries this year.  The Forum’s Global Risks Report 2024 made this clear. According to WEF, “global risk” is the likelihood of an incident or circumstance that would significantly damage global GDP, population, or natural resources. AI technology makes misinformation easy […]

The necessity for international money transfers has grown substantially for online transactions, remote jobs and e-commerce.  Money transfers to and from Africa are extremely challenging. The World Bank reports that regional money transfers can cost as much as 8.46% on average. Global fintech companies like Wise, WorldRemit, and Mercury frequently deactivate their services for African […]

Renowned FinTech trailblazer, Finix, took a monumental step today with the official launch of Payouts, a cutting-edge standalone product poised to redefine how businesses execute payments.  This revolutionary offering is set to transcend the constraints of conventional payment methods, providing businesses with a seamless approach to sending and receiving payments, independent of their involvement with […]

As an alternative to Shopify, Flutterwave Store allows you to sell products online. With it, you can accept payments in multiple currencies without having to build a website, and it’s also the easiest and most convenient way to start and run your online store. When the world came to a sudden standstill in 2020 due […]

Mastercard and illicocash, the FinTech division of Rawbank, have joined forces to introduce a cutting-edge virtual card program in the Democratic Republic of the Congo (DRC). This strategic collaboration is geared towards fostering financial inclusion by providing consumers and businesses in the DRC with a seamless virtual card solution tailored for e-commerce transactions. Seamless Virtual […]

Egypt is seeing a boom in entrepreneurship as more and more businesses spring up to address the urgent issues facing the nation.  Millions of Egyptians’ lives are being improved by the solutions these entrepreneurs are using technology to provide, in fields ranging from healthcare to education, agriculture to transportation. But starting and growing a software […]

Fxview, a prominent player in the Forex and CFD industry under the Finvasia Group, is making waves in South Africa with its innovative product suite. The multi-asset brokerage, part of the Finvasia Group financial conglomerate, is strategically expanding its presence in South Africa to cater to the dynamic financial landscape. South Africa’s Growing Financial Hub […]