Johnstone Kpilaakaa

South Africa’s Neighbourgood buys Local Knowledge for $1.5M

South African proptech startup, Neighbourgood has acquired Local Knowledge, a Cape Town-based traveltech startup in a cash and equity deal worth $1.5 million.

Pineapple secures record-breaking funding in South Africa’s insurtech sector

South African insurtech startup, Pineapple has raised $21.3 million Series B in a round led by Futuregrowth, Talent10 and MIC, with participation from Old Mutual ESD, Lireas Holdings, ASISA ESD Fund and E4E Africa.

Nigeria’s electoral tech failure raises questions on transparency

Despite INEC's assurances to enhance Nigeria's electoral technology, its continued failure is eroding voter confidence.

Exclusive: Patricia to repay users in Naira instead of Patricia Tokens

In October, Nigerian SEC-licensed trust company, DLM Trust announced that it temporarily paused its appointment as an escrow trustee with Patricia to oversee the repayment of $2 million in customers’ assets lost in a hack last year.

Shekel Mobility secures $7M to drive vehicle financing in Africa

Shekel Mobility, a B2B trading platform catering to car dealers in Africa, secured a $7 million seed in a round led by Ventures Platform and MaC VC.

BD Insider 211: Kenya to lead the dollar-dominance cut in Africa

Bolt Food has exited South Africa and Nigeria. We covered this and the Fixtbit shutdown in South Africa and the Pan-African Payment and Settlement System.

Breaking: Visa selects 23 African startups for inaugural fintech accelerator

Anchor, Orda Africa, Dojah, Moni and 19 other African startups have been selected for the inaugural cohort of the Visa Africa Fintech Accelerator.

Flutterwave overcomes legal hurdles in Kenya

Flutterwave, Africa's most valuable startup, has successfully navigated its last legal obstacle in Kenya. On Thursday (Nov. 9, 2023), a Kenyan high court approved the withdrawal of a money laundering case initiated by the country's Asset Recovery Agency (ARA), responsible for investigating and recovering proceeds of crime.

Bolt to halt food delivery in Nigeria

As of December 7, 2023, Bolt Food will cease its operations in Nigeria. Consequently, residents will no longer be able to place orders through the platform.

Paystack partners NIBSS to launch Direct Debit in Nigeria

Nigerian fintech company, Paystack is launching a Direct Debit product in partnership with the Nigeria Inter-Bank Settlement System.

Flutterwave gets IMTO licence to facilitate remittance in Malawi

Pan-African fintech startup, Flutterwave has secured a Malawian International Money Transfer Operator licence.

Gozem acquires Beninese fintech, Moneex to launch MOMO offering in Francophone Africa

Francophone Africa super app, Gozem has acquired Beninese fintech startup, Moneex in an undisclosed deal. This strategic move is poised to enable Gozem to introduce a mobile money service in Togo and Benin.