Flash, Egypt’s new cashless payments app, has secured $6 million in a seed round to speed up product development and the acquisition of customers and businesses in the region.  The round was led by Addition with participation from fintech venture capital firm Flourish Ventures and other strategic angel investors. Flash, in conjunction with Banque Misr, […]

The World Economic Forum has identified seven African businesses, including Omnisient, as being at the forefront of technological innovation. The South African data analytics and financial technology company Omniscient was awarded the title of “tech pioneer” by the World Economic Forum. The Technology Pioneer community was established in the year 2000 and is made up […]

The Central Bank of Nigeria (CBN) has taken a significant step in advancing its efforts to liberalize the payout of diaspora remittance with eNaira.  In a circular titled “Operational Framework for eNaira Payment Option to Recipients of Diaspora Remittances,” dated June 15, 2023, the CBN announced the introduction of its digital currency, the eNaira, as […]

10Alytics has rewarded three winners with a $1000 cash prize in the grand finale of its exclusive Data Analytics Hackathon staged over the weekend. On Saturday and Sunday, May 13 and 14, respectively, the Data Analytics Hackathon was held online, and participants came from a variety of locations all over the world. The event was […]

Following its earlier acquisition of a money lending licence, the fintech platform Awacash has recently been awarded a microfinance bank licence by the Central Bank of Nigeria.  This success marks a key milestone following the platform’s earlier purchase of a money lending licence. This achievement demonstrates Awacash’s unwavering dedication to enhancing the banking experience in […]

Emurgo Africa is getting ready to share a full State of Web 3.0 in Africa Report on June 23, 2023.  The analysis reveals how fast African Web 3.0 technologies are changing. It also provides an in-depth study of their consequences, opportunities, and challenges, as well as proposals for growth and influence. Africa is rapidly adopting […]

Elon Musk has selected esteemed advertising executive, Linda Yaccarino to assume the day-to-day leadership of Twitter in an effort to turn around the fortunes of the platform, which he acquired for $44 billion last year. Musk hinted at the hiring of Yaccarino recently, announcing in a tweet that he had chosen a woman to take […]

MinieMoney and The Bulb are pleased to announce the return of MoneyGames & Future Z Adventures 2.0 to their annual Children’s Day event.  This year’s event will be held on May 27th at the Balmoral Hall, Federal Palace Hotel, and it promises to be bigger, better, and more fun than ever before. The MoneyGames & […]

The demise of Lazerpay, an African cryptocurrency payment network, has demonstrated how dangerous it is to start a Bitcoin business on that continent. The payment gateway company Lazerpay, formerly known as the “African Stripe,” has shut down due to a lack of funds. The platform’s founders, Njoku Emmanuel, Abdulfatai Suleiman, and Prosper Ubi, issued an […]

The lending apps that have evolved in response to the demand for fast cash, salary advances, etc., have been called “loan sharks” by the media due to their extreme and unprofessional methods of persuasion. In hopes of being seen by Nigerians in need of quick cash, they hack WhatsApp, hang out in gadget stores, and […]

Egypt’s almentor, the leading online video learning platform in Arabic, has raised $10 million in pre-Series C funding to expedite its growth towards its goal of serving 10 million learners in the MENA region. The funding was raised through a round of funding called a pre-Series C round of funding. Since its inception in 2016, […]

The Kenyan business-to-business (B2B) e-commerce startup Zumi has shut down because it was unable to get sufficient funds to continue business as usual. Zumi, which debuted in 2016, was initially a digital magazine geared towards women; however, in 2020, the publication will be discontinued, and the company will transition into an online shopping platform. The […]

FairMoney, a Nigerian credit-led digital banking platform, has acquired PayForce, a small company merchant payment service, as the digital lender seeks to widen its financial services offering to merchants. PayForce is a subsidiary of CrowdForce, which is financed by YC. The contents of the two companies’ arrangement were kept under wraps. Yet, evidence received from […]

Kuda, a digital bank in Nigeria, has announced a change in pricing that would result in the introduction of a soft POS and the discontinuation of free monthly interbank transfers for Kuda Business accounts. The fintech services won over the hearts of many Nigerians with their innovative features, such as free transfers. This was a […]

Mastercard and Xsolla, a global company specialising in video game commerce, have formed a partnership to facilitate payments that are hassle-free, safe, and rewarding for gamers.  These improvements range from enhanced checkout experiences that make use of credit card loyalty points to simple in-game currency gifting, as well as improved creator payout processes and other […]

2Africa, an international subsea cable (submarine telecommunications cable) which aims to expand internet connectivity and help boost Africa’s digital economy,  has recently landed in Durban, South Africa. The massive subsea cable, which landed in Durban, KwaZulu-Natal,  is the latest after landing in December and January, at other locations in the country:  Vodacom network facility in […]

Welcome to February and a reminder of Valentine’s Day. It’s that time of year when love is shown in small but meaningful ways, such as buying gifts, saying lovely things, or taking someone on a luxurious vacation. February brings feelings, compassion, gestures, and the chance to be a better companion to your spouse, a friend […]

Baillie Gifford, an asset management company based in Edinburgh known for its propensity for pre-IPO digital businesses, has cut its shares in African e-commerce giant Jumia. Approximately 9.39% of Jumia is owned by Baillie Gifford, which holds 18.75 million shares. The asset management company owned 10.06% of the company at the time of the most […]

The authorities in Morocco are launching a master’s training programme focusing on “smart city strategies in Africa” to help accelerate the digital transformation of the major cities of the Kingdom of Morocco, such as Casablanca, Tangier and Marrakech.  This master’s degree in smart cities is organised in partnership with the Federal Polytechnic School of Lausanne […]

AppsFlyer and Google have released a new study on how mobile applications are changing the finance sector in Africa. Africans are increasingly using apps and technology to manage their money, deal with economic volatility, and work towards financial freedom, according to data. The study examined more than 140 million installs across 3,000 banking apps and […]