Johnstone Kpilaakaa

Explainer: Why is Kuda Bank charging stamp duties?

From July 15, 2022, Kuda Bank users will be charged a ₦50 stamp duty on deposits of ₦10,000 and above. Here is why, in great detail.

Mara Phones South Africa to restart operations following an acquisition

Five months after its closure, Mara Phones, South Africa's first smartphone manufacturing facility has been acquired by Lebashe Investment Group (the owners of Arena Holdings) and other investors.

How African tech startups raised funds in H1 2022 in four charts

In H1 2022, African tech startups jointly raised $2.5 billion most of the funds were raised by fintech startups.

Flutterwave denies money laundering accusations from Kenyan authorities

Flutterwave has denied allegations of money laundering levelled against it by the Kenyan Asset Recovery Agency (ARA).

World Bank’s IFC invests €90 million in Africa’s Wave Mobile Money

IFC has invested €90 million in Wave Mobile Money to spur financial inclusion and support economic growth in Senegal and Côte d'Ivoire.

Autochek acquires CoinAfrique to facilitate auto financing in Francophone Africa

Francophone Africa is home to many of the fastest-growing economies on the continent, as well as the fastest-growing brand new car market - Côte d’Ivoire.

MTN and ETAP wants to reward good driving behaviour in Nigeria

MTN Nigeria has partnered with ETAP to reward Nigerian drivers for maintaining good driving behaviour.

How Kora’s UK expansion will impact Africa’s payment ecosystem

Kora has expanded into the UK to provide payment processing gateway and portals, as well as merchant service aggregation from the Kingdom to Africa.

Commentary on the same-day launch of Payouts in SA by Stitch and Paystack

On June 29, 2022, Paystack and Stitch launched Payouts in SA. What's the pull?

BD Insider: Letter 120

This edition covers the African startup deal activity in the last two weeks of June, the launch of Airtel PSB, and Moove's continuous raising cycle. We also share verified open job opportunities in tech.

Flutterwave hires ex-American Express and ex-Goldman Sachs as new CFO and CTO

Flutterwave has hired Oneal Bhambani, ex-American Express as CFO, the fintech also hired Gurbhej Dhillon, ex-Goldman Sachs as CTO.

CBN tasks other financial institutions to strengthen their cybersecurity

The Central Bank of Nigeria (CBN) has issued cybersecurity guidelines for other financial institutions (OFIs).