Johnstone Kpilaakaa

The six biggest African tech scandals of 2022

Scandals rocked the booming African tech ecosystem in 2022. In this article, we curated the top six of these scandals.

Unwinding the year with the Unofficial Christmas Party

The 2022 Unofficial Christmas Party for corporate organisations in Lagos is set for this Friday (December 16) at the Balmoral Convention Centre, Federal Palace Hotel, Victoria Island, Lagos.

Fincra continues efforts to build a global payment Infrastructure with UK expansion

In October 2022, a global payment infrastructure company,  Fincra announced investments in the West Midlands through the Birmingham Tech Week— the most prominent regional tech festival in the United Kingdom (UK), spotlighting innovation and tech success stories from across the West Midlands, as well as opportunities for both domestic and international investors.

BD Insider, Letter 141: This African startup closed 5 rounds in 2022

Santa Ben returns with $100,000 worth of tech scholarships.

Taeillo secures a $2.5M expansion fund from Aruwa Capital

Aruwa Capital has invested a $2.5 million expansion fund into Taeillo, an African female-led local furniture manufacturer.

Inside Sycamore: the peer-to-peer lending platform empowering Africans financially

Launched in March 2019, Sycamore is a digital P2P lending platform that is “elevating SMEs to achieve their goals” by making loans accessible to these businesses.

Jack Dorsey is back in Africa, this time for Crypto

"Finally back in Ghana," Jack Dorsey, former Twitter CEO tweeted on Monday, December 5, 2022. Jack was in Ghana to attend the Africa ₿itcoin Conference.

Chipper Cash’s valuation dropped by 37.5%—from $2B to $1.25B

Chipper Cash's valuation was slashed by 37.5%—from $2 billion to $1.25 billion before FTX's bankruptcy.

CBN sets cash withdrawal limits to boost its cashless policy

Effective January 9, 2023, the Central Bank of Nigeria (CBN) has revised withdrawal limits to ensure a cashless economy.

Why Kenya is reintroducing MOMO and bank transactions charges

Two years after the Central Bank of Kenya (CBK) waived charges for transactions between mobile money (MOMO) wallets and bank accounts due to the impact of the COVID-19 pandemic, the bank has reintroduced the charges to "facilitate a transition towards sustainable growth of the mobile money ecosystem, and ensuring affordability of payment services for Kenyans".

What ChatGPT said about the top fintech startups in Nigeria

We asked ChatGPT about the fintech landscape in Nigeria and African unicorns.

VENCO secures $670k pre-seed to enable proptech in Africa

With growing urbanisation across Africa, multi-property developments have emerged as the preferred mode of delivering residential and commercial real estate.