Johnstone Kpilaakaa

In Africa, AI is enabling experts to detect medical anomalies in baby cries

Experts believe that the sounds of the cries of babies can provide various health-related information, this initiative is building a platform for early screening and monitoring of a range of neurological and respiratory conditions affecting infants.

LemFi raises $33 million Series A for global expansion

Global payments company, LemFi (formerly Lemonade Finance) has secured a $33 million Series A in a round led by Left Lane Capital.

Kenyan fintech, Cellulant is downsizing its workforce by 20%

Kenyan fintech startup, Cellulant has laid off 20% of its workforce as it transitions into “product-focused strategy”.

Africans secured 60% of the Gates Foundation’s $5M fund for health-focused AI projects

Through its Grand Challenge, Gates Foundation has selected 48 research groups that plan to build artificial intelligence (AI) applications on large language models (LLMs) to help social and healthcare causes in their communities.

Google expands “AI First” accelerator to Africa

Google has launched its AI First program in Africa to provide startups with access to Google's AI expertise, Cloud Platform resources, and networking opportunities.

NALA enters Nigeria’s cross-border payment market

Tanzanian fintech startup, NALA has launched payments from the UK and EU to Nigeria.

African fintech unicorn, Flutterwave resumes IPO talks

Flutterwave, the leading African fintech startup wants to continue with its initial public offering (IPO) plans that were stalled last year due to a myriad of scandals including insider trading, sexual allegations and regulatory challenges.

Moniepoint set to acquire 100% shares in Kenyan fintech, Kopo Kopo

Africa's pioneer climate tech pre-seed fund and accelerator advances efforts to build a climate-resilient future.

Payday lifts restriction on 60% of 2000 affected accounts, CEO says

Rwandan fintech startup, Payday said it has reversed restriction on 60% of the about 2000 accounts that were restricted for violating its terms of use.

Kenyan fintech, Zanifu raises $11.2 million pre-Series A

Zanifu has raised $11.2 million in a pre-Series A round to expand access to credit for small businesses in Kenya.

BD Insider 180: Examining the controversies with “Patricia Token”

Its internal 409A valuation was cut by 70%, according to Forbes. We also explored the controversies with the newly launched “Patricia Token”.

BD Insider 179: CBN returns BDC to the forex market with a new rule

The Central Bank of Nigeria has reversed its stance on the operations of BDCs. We also shared a roundup of happenings in the African tech ecosystem.